Monday, May 27, 2024

New study: Louisiana’s economy has the 6th least racial equality in the U.S.

by BIZ Magazine

With the unemployment rate at 5.6% for black people compared to 3.3% for white people, WalletHub today released its report on the State Economies with the Most Racial Equality, as well as expert commentary.

In order to determine which states have the most racial equality in terms of employment and wealth, WalletHub compared the 50 states and the District of Columbia across eight key metrics. Our data compares the difference between white and black Americans in areas such as annual income, unemployment rate and homeownership rate. Below, you can see highlights from the report.

Racial Equality in Louisiana’s Economy (1=Most Equality; 25=Avg.):

  • 49th – Median Annual Household Income
  • 37th – Labor-Force Participation Rate
  • 40th – Unemployment Rate
  • 46th – Poverty Rate
  • 49th – Homeless Rate
  • 34th – Share of Executives

To view the full report and your state’s rank, please visit:
https://wallethub.com/edu/state-economies-with-most-racial-equality/75810/

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