Asian American’s are the best educated ethnic group in the United States, by a long shot.* Logically, that means they should have the least severe unemployment, given that more educated workers tend to have an easier time in the job market. Instead, according to a recent study by the Economic Policy Institute, the Asian community suffered from the most severe long-term joblessness of any racial demographic in 2010, during the slow, early period of the economic recovery.
As shown in the graph below, 48.7 percent of unemployed Asian Americans had been out of a job for 27 weeks or more. Blacks were next, at 48.5 percent, followed by Whites, at 42.7 percent.