As Black History Month comes to an end, we must take stock of the progress we’ve made as a country on civil rights and justice for all, but also reflect on the hard work still ahead to reach that lofty goal of true equality for all.
This true equality means equality of opportunity and true economic empowerment for all Americans.
While our economy has made significant strides towards full recovery from the depths of the Great Recession, many communities across our country are still struggling. Communities of color have been hurt disproportionately and still have not felt the full benefits of our economic recovery.
Although the national unemployment rate has fallen all the way to 4.8 percent from a high of 10 percent during the recent Great Recession, it remains persistently high among African-Americans. The African American unemployment rate, which reached 16.8 percent during the Great Recession, is still at 7.7 percent. As the Joint Economic Committee reported earlier this month, the median black family’s net worth still has not recovered to its pre-recession high — reached more than a dozen years ago in 2004. (Huffington Post)