year at the action network. he s having to talk to groups that represent constituencies that have an unequal impact by the recession. right. what that stud,shows, it puts on paper what african-americans and latinos in particular know anecdotally, that when there s a recession in the united states, while it might be bad for the nation overall, it s tim larry damaging when first last hired, first fired, and lots of other policies that have people losing their job and their homes. for african-americans and latinos as well, you know, the home was basically the piggy bank, where you invested all your money in the hopes of one day selling that house and maybe retire or do something else. that s where you put all of your
that represent constituencies that have an unequal impact by the recession. right. what that stud,shows, it puts on paper what african-americans and latinos in particular know anecdotally, that when there s a recession in the united states, while it might be bad for the nation overall, it s tim larry damaging when first last hired, first fired, and lots of other policies that have people losing their job and their homes. for african-americans and latinos as well, you know, the home was basically the piggy bank, where you invested all your money in the hopes of one day selling that house and maybe retire or do something else. that s where you put all of your money for hope for wealth
african-americans side by side. 16.5% for african-americans. 8.7%, nearly twice as high for african-americans. and that s what the story is all about. that s why there is concern by reverend al sharpton and others in the black community, wolf. lisa, thanks very much. let s bring in the reverend al sharpton, founder and president of the national action network. thanks for coming in. thank you. why does this disparity still exist? i think many reasons. you have the structural inequality historically, but you have a mixture of the problems right now. first fired, last hired, some of the unions not being fair. what we wanted to do today, the president of the national urban league, of the naacp and i in meeting with the president are saying labor leader and business leaders have been part of the discussion, civil rights leaders need to be part of the discussion. what did he tell you? he said wasn t to make sure
2010, 16.5%. we are going to move this over for a second and bring back the numbers for the whites for a second, just for a second here, and i will show you a side-by-side comparison, because that is what they are talking about this is really about. for the whites, it is 8.7% and for african-americans though, it is almost double at 16.5%. that is what the real concern is about. that is why there is a lot of talk of what you are hearing about targeted job creation. wolf. lisa, thanks very much. let s bring in the reverend al sharpton and he is part of the national action network and he was over at the white house for the meeting today with the president. thanks for coming in. why does this disparity still exist? many reasons. you have the structural inequality, historically, but you also have a mixture of the problems right now of first fired, last hired. and some of the unions not being fair. what we wanted to do today, marc