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.
Research
Posts about NCRC research.
Low Unemployment and Labor Victories Unlikely to Bridge Racial Wealth Inequality
Was the October jobs report good, bad, or just plain complicated?
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Hispanic Workers See Some Warning Signs In An Overall Good Jobs Report
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
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Racial Wealth Snapshot: Latino Americans And The Racial Wealth Divide
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.
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Shelter Inflation, Black Unemployment and The Dual Competing Mandates of the Federal Reserve
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.
Racial Wealth Snapshot: Asian Americans And The Racial Wealth Divide
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.
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Continued Wage Growth, But A Possible Warning Sign From Black Workers:Â 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.
Snapshot: Unemployment And Wage Trends For Black, Latino And White Workers In 2022
The gaps between Black and White unemployment and labor force participation rates are near historic lows.
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Review of Section 1071 Data Points
A summary and detailed review of data points in the CFPB’s final Section 1071 rule.
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2022 HMDA Data: Unraveling The Impact Of Rising Interest Rates On Homebuyers And Lenders In 2022
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.
Race, Jobs & The Economy Update: Record-Breaking Black Unemployment Levels Reach A New Low
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
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
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Race, Jobs & The Economy
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.
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