NYC's Lopsided Unemployment Rate
The Brian Lehrer Show
WNYC
4.6 • 1.5K Ratings
🗓️ 27 September 2023
⏱️ 24 minutes
🧾️ Download transcript
Summary
The unemployment rate for Black New Yorkers remains startlingly and consistently high (12% in May), especially when compared to white New Yorkers (1.3%). Greg David, contributor covering fiscal and economic issues for The City and director of the business and economics reporting program at the Newmark Graduate School of Journalism and the author of Modern New York: The Life and Economics of a City (St. Martin's Press, 2012), and freelance reporter Safiyah Riddle, who co-reported the story for The City talk about this major disparity, and what policymakers are doing to address it.
Plus: Greg explains a New York judge's surprise decision that stripped former President Trump of control of some of his properties.
Transcript
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| 0:00.0 | The non-profit news organization, The City, is out with a report on unemployment by race |
| 0:19.2 | in New York that finds ongoing striking disparities between black and other groups on employment |
| 0:25.6 | rates. I'm going to read you a little bit of this on what is perhaps the most disturbing |
| 0:31.8 | particular fact and stat. This has a measurement called Out of Work and Out of School, or OSOW, |
| 0:40.0 | Sheds light on the depths of this crisis for young black males in New York City. Those |
| 0:45.2 | who fall into this category are neither working nor looking for work nor going to school |
| 0:50.8 | to get the credentials and skills needed to find a job. |
| 0:54.0 | New figures from the Center for New York City Affairs shows the OSOW rate for young black |
| 0:58.9 | males aged 18 to 24. In the second quarter of this year was 26 percent by far the highest |
| 1:06.3 | of any other age, racial or gender group. |
| 1:09.3 | Quote, young black males have suffered outsized employment and labor force impacts from the |
| 1:14.3 | pandemic and the recent economic slowdown quoting the economist James Parrick. |
| 1:22.9 | Now, we have Greg David, Business and Economics reporter for the news organization The City |
| 1:30.4 | and the director of the Business and Economics reporting program at the Craig Newmark Graduate |
| 1:34.5 | School of Journalism at CUNY and Safia Riddle, a freelance journalist who reported this |
| 1:39.9 | story with Greg during her recent internship at The City. Greg and Safia, welcome back to |
| 1:46.6 | WNYC. Thanks, Brian. Thanks, Brian. |
| 1:51.1 | And we'll also be talking to Greg briefly in this conversation about the court ruling |
| 1:55.9 | in New York yesterday that found the Trump Organization committed a lot of business fraud. |
| 2:01.1 | Seems to kind of order the Trump Organization out of business in New York, though more |
| 2:05.1 | court proceedings on this are upcoming. We'll get to that. But Greg, do you want to start |
| 2:10.7 | by talking more about this unemployment staff that many of our listeners may have never |
... |
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