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Next week’s Democratic National Convention is expected to draw tens of thousands of visitors to Chicago. Looking to get a slice of the economic action, as well as network with folks from across the country, are many Black business owners.
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According to the study, Black households have a median net wealth of zero dollars compared to $210,000 for White families, and Black families have the lowest estimated rate of home ownership at 34% compared to 72% for White households.
The Black unemployment rate hit a record low of 5% last month, according to data from the U.S. Bureau of Labor Statistics. The news comes three years after the rate spiked to nearly 17% during the early months of the pandemic.
 

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