Black homeowners are making significant wealth gains — but the racial wealth divide isn’t narrowing, and data suggest the limited progress is fragile.
Posts about NCRC research.
Bank mortgage lending commitments had no substantial impact on national lending disparities from 2020-2022.
A Strong Black Economy Still Mired In Inequality: Race, Jobs And The Economy Update For January 2024
The Black economy looks to be off to a strong start in the January jobs report — though that trajectory still begins on a launchpad of racial economic inequality.
2023 Ends With A Strong Labor Market For Black Workers: Race, Jobs And The Economy Update For December 2023
How is the labor market for Black workers? The December jobs report reveals significant gains for Black workers.
Race, Jobs, and the Economy November 2023 Update: Strong Economic Indicators For African Americans Yet Pessimism In Alleviating Racial Inequality
What can the November jobs report tell us about the future of racial economic inequality?
A user’s guide to the new Community Reinvestment Act final rule: What’s new, what’s the same, and how will it affect you?
Redlining The Reservation: The Brutal Cost Of Financial Services Inaccessibility In Native Communities
An unprecedented analysis maps the shape and depth of economic despair in the Native American southwest.
Was the October jobs report good, bad, or just plain complicated?
Race, Jobs, and the Economy October 2023 Update September 15th through October 15th is Hispanic Heritage Month. As noted in our Latino Racial Wealth Snapshot, almost 19% of Americans are Hispanic and while their population has almost doubled in number since 2020 they remain far less wealthy than non-Hispanic White Americans. From college attainment to homeownership to income, Hispanics
Latino population growth continued over the past decade, rising by about 24% to 62.5 million in 2021. In 2020, Latinos represented 18.7% of the US population, accounting for about half (52%) of total US population growth over the decade. Latinos have a greater share of the growth than any other racial or ethnic group.
Since March of 2022, the unemployment rate has stayed somewhere between 3.4% and 3.7%. The latest monthly report from the US Bureau of Labor Statistics (BLS) breaks this trend with the rate rising to 3.8%.
MISSED OPPORTUNITIES: Financial Institutions In New York City Discourage Prospective Small Business Applicants
NCRC conducted mystery shopper tests in 34 New York City bank branches to assess the state of small business lending after governments eased or eliminated most COVID-related business and personal behavior restrictions.
Asian Americans are the fastest growing racial or ethnic group in the United States, and are predicted to be the nation’s largest immigrant group by 2050. Asian Americans are forecast to exceed the Hispanic share of the immigrant population and to make up 36% of all US immigrants by 2055.
Continued Wage Growth, But A Possible Warning Sign From Black Workers: Race, Jobs & The Economy Update – May 2023
The Black unemployment rate is sometimes seen as a “canary in the coal mine” for the broader economy. When it begins to rise, it may signal a looming downturn.