Posts about NCRC research.
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.
Racial Wealth Snapshot: Latino Americans And The Racial Wealth Divide Read More »
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%.
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.
Racial Wealth Snapshot: Asian Americans And The Racial Wealth Divide Read More »
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.
The gaps between Black and White unemployment and labor force participation rates are near historic lows.
Snapshot: Unemployment And Wage Trends For Black, Latino And White Workers In 2022 Read More »
A summary and detailed review of data points in the CFPB’s final Section 1071 rule.
Review of Section 1071 Data Points Read More »
Home lending to non-wealthy borrowers plummeted, while those who missed out on pandemic-era refinancing scrambled to find other ways to capitalize their homes.
Black unemployment has reached an all time recorded low. Sustained low Black unemployment could have significant positive economic impact for the African American community.
Initial Analysis Of Final Section 1071 Small Business Lending Rule April 2023 Download Report Kevin Hill, Senior Policy Advisor KEY TAKEAWAYS: Discrimination in small business lending will be easier to identify and root out. This is an important new rule that applies to the full spectrum of small business lending, removing fog from a key area
Initial Analysis Of Final Section 1071 Small Business Lending Rule Read More »
The latest monthly jobs report from the Bureau of Labor Statistics (BLS) provides important insights into the current state of the US labor market. In February 2023, there was an increase of 311,000 new jobs.
Race, Jobs & The Economy Read More »
This data analysis of home lending patterns among Native American borrowers details just one element of the broader legacy of a genocide.Â
There has been a steady increase in foreign-born immigrants throughout the decades. In 1980, foreign-born immigrants accounted for only 5% of the US population. According to the 2020 Current Population Survey (CPS), immigrant parents and their US-born children make up 85.7 million of the US population, or around 26% of the US population.
Racial Wealth Snapshot: Immigration And The Racial Wealth Divide Read More »
Columbia represented case study in a new era of desegregation for American housing in the 1960s. These efforts at desegregation focused on easing the division of Black and White residential neighborhoods. While there has been exponential growth of the Asian and Hispanic communities of Columbia during the past three decades, this report focuses on the economic status of the Black community since development.
In 2022, banks continued closing branches at a breakneck pace – further impairing recovery in neglected communities.
ABANDON SHIP: How Banks Closed Their Doors As US Economy Reopened Read More »
