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Great Recession

Retailers may see more red after Black Friday as consumers say they plan to pull back on spending

by Ayalla A. Ruvio, Michigan State University and Forrest Morgeson, Michigan State University Retailers are gearing up for another blockbuster holiday shopping season, but consumers...

How ‘structural unemployment’ gets constructed

(NNPA)—As this is being written, more than a million out-of-work Americans have already been pushed off the edge of their narrow financial cliff by...

Fed to play lesser role

(NNPA)—There are two ways to end a recession.  One is to increase federal spending on the theory that people will spend more money when...

Credit card debt threatens Black middle class

WASHINGTON (NNPA) – Still reeling from the Great Recession, middle class Blacks are maintaining their status by using credit to help cover their basic...

1.3 million set to lose jobless benefits

WASHINGTON (CNNMoney) -- It's not looking good for 1.3 million long-term unemployed workers, who were overlooked by a budget deal reached by key lawmakers,...

Black youth at higher risk of ‘disconnection’

PHILADELPHIA (NNPA)--Take a walk through a low-income minority neighborhood in the city of Philadelphia on any given weekday and you’re sure to notice the...

Racial disparities in PA increased in 50 years

Jomonna Smith listens to her children, 12-year-old Mon'Dayja and 9-year-old Mon'Dae, answer the doctor's questions about school, chores and their health. (Public Source Photo/Alexandra Kanik) by Halle Stockton (Public Source)--Jomonna Smith, a 30-year-old woman, held her last job in 2008 as a store cashier. She is a single mother of three children, making ends meet with government assistance, styling hair on the side and a bit of family help. She relies on buses to get around and pays $301 a month to live in a public housing project in Braddock, a borough southeast of Pittsburgh. But she craves more for herself and her children.

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