Once upon a time, a story like this would have made most people pretty happy: The unemployment rate for African-Americans fell to the lowest level ever recorded in August, dropping from 6 percent to 5.5 percent. One result: the persistent gap between white and black unemployment also narrowed to its smallest on record. The unemployment ratio has averaged around 2 to 1 or so for decades, meaning the black unemployment rate is typically twice the white unemployment rate. In good times, the unemployment rate of whites and blacks falls but the gap remains.  And in bad times, the unemployment rate for whites and black rises, but black unemployment typically remains around twice that of white employment. A year ago, the black unemployment rate stood at 6.6 percent while the white unemployment rate was 3.4 percent, meaning black unemployment was 185 percent of white unemployment. In August, the gap narrowed so that black unemployment was under 162...(Read Full Post)