BLACK HISTORY 1930: Local African-American unemployment was 12 percent as the Great Depression took hold. By 1932, the rate was 37 percnt unemployment. 1942: African Americans owned 654 businesses, based on a study by Louisville Municipal College. Of them, 268 (41 percent) were retail concerns, 151 (23 percent) were service establishements and 116 (18 percent) were investment-related. 1970: African-American unemployment dropped to 6.9 percent and median income rose from 55 percent of the white family median in 1959 to 61 percent in 1969. African Americans ownd 490 businesses in Louisville and Jefferson County (4.6 percent of businesses). But they employed only 1,632 of the more than 90,000 African Americans in the area.
Posted on: Tue, 01 Apr 2014 19:33:41 +0000
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