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  • African-American Middle Class Eroding As Unemployment Rate Soars

    07/29/2011 7:58:22 AM PDT · by DCBryan1 · 29 replies
    Fox News ^ | Published July 28, 2011 | By John Roberts
    The unemployment situation across America is bad, no doubt. But for African-Americans in some cities, this is not the great recession. It’s the Great Depression. Take Charlotte, N.C., for example. It is a jewel of the “new South.” The largest financial center outside of New York City, it's the showcase for next year’s Democratic National Convention. It was a land of hope and opportunity for many blacks with a four-year college degree or higher. According to an analysis by the Economic Policy Institute, in Charlotte, N.C., the unemployment rate for African-Americans is 19.2 percent. If you add in people who...