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To look at the mainstream media, you would think the recession came and went this year with little visible impact other than more laid-off hipsters in cafes or ex-dotcommers heading to graduate school. After awhile, economists and newspaper columnists were not only declaring a recovery; but wondering whether a real "recession," in the strict macroeconomic sense, had taken place at all.
But the hard times are very real for more than 2 million people who lost their lobs since the beginning of 2001. In fact, more jobs were lost since March than were lost between 1989 and 1992, during the last recession. Unemployment among African Americans and Latinos has increased at almost twice the rate of whites since September.
This issue's special report examines race in the recession, looking at the ways that disparities in job and educational ...
Source: HighBeam Research, Note from the editor.