Income For Black, Latino Coloradans Significantly Below Average, Report Finds
Colorado has regained the jobs it lost during the recession, and median household income has also recovered -- surpassing pre-recession levels -- according to a report issued Tuesday by the Colorado Center on Law & Policy, a progressive, anti-poverty group.
Since the end of the recession in 2007, Colorado has gained about 271,000 jobs; also, the median household income in the state in 2015 was $63,900. But researchers at the Center say those numbers somewhat mask what they call "concerning" findings.
For example, they report that overall labor participation is still below pre-recession levels, with men ages 25 to 54 -- considered their prime working years -- most prominently missing from Colorado’s labor force. Also, the median income for Latino households was $46,000 -- almost $18,000 less than the figure for all households. African-Americans fared even worse, with a median income of $45,800, according to the Center, citing numbers from the U.S. Census Bureau.
Michelle Webster, manager of research and policy analysis for the Center, spoke with Colorado Matters host Ryan Warner.
Related: Map: Ever Wonder What Coloradans In Your Area Make In A Year?