A man interviews for a job in Detroit. The unemployment rate for black Americans in Michigan was 18.7 percent in 2012, more that twice the rate for whites in the state.
Income and wealth inequality is just about as American as baseball and apple pie. And although the economy has improved in the last few years, the unemployment rate for black Americans is about double that for whites.
May 23, 2013 There was more of a decline than economists expected, but the weekly pace hasn't really changed much since late 2011.
May 22, 2013 The Fed chairman cautioned Wednesday that if interest rates were to start rising now, the economy could slump. Meanwhile, the National Association of Realtors said sales of existing homes rose — and would have been even stronger if not for tight inventory.
May 22, 2013 It's a hard time to be a saver. The return on a savings account doesn't even keep up with inflation, and that has led many savers to ask: What should I do with my money? NPR's Uri Berliner takes $5,000 out of his own personal savings and explores various investment opportunities.
May 20, 2013 Yahoo will pay about $1.1 billion for the six-year-old blogging site. Tumblr's leadership won't change and Yahoo promises it will be independently operated.
May 19, 2013 The iconic Industrial Trust Tower in downtown Providence is empty for the first time in 85 years. Developers want to turn it into luxury apartments — and want the state and city to pay for it. But Providence — like the rest of Rhode Island — faces its own economic problems, as well as a recent failed investment.