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Table 2 Mean differential analysis for unemployment rates in the U.S

From: The impact of the coronavirus on African American unemployment: lessons from history

Panel A. Pre-September 11—Post September 11 attacks means differential analysis

A.1. African Americans

 

Pre-911 UER

Post-911 UER

Mean Differential

t-statistic (p-value)

Mean

10.81

9.75

-1.06

-5.38 (0.000)

S.D

1.95

0.97

  

N

143

77

  

A.2. White Americans

 

Pre-911 UER

Post-911 UER

Mean Differential

t-statistic (p-value)

Mean

4.85

4.62

− 0.23

− 2.33 (0.01)

S.D

0.98

.48

  

N

143

77

  

Panel B. Pre-2008- Post 2008 means differential analysis

B.1 African Americans

 

Max 2008 UER

Post-2008 UER

Mean Differential

t-statistic (p-value)

Mean

13.56

10.2

− 3.36

− 5.96 (0.000)

S.D

2.75

3.36

  

N

35

111

  

B.2. White Americans

 

Max 2008 UER

Post-2008 UER

Mean Differential

t-statistic (p-value)

Mean

7.44

5.14

− 2.3

− 6.87

(0.000)

S.D

1.75

1.65

  

N

35

111

  

Panel C. 2018 crisis means differential analysis

C.1. African Americans

 

Post 9/11 UER

Max 2018 Crisis UER

Mean Differential

t-statistic (p-value)

Mean

9.75

13.56

3.81

7.97 (0.000)

S.D

0.97

2.75

  

N

77

35

  

C.2. White Americans

 

Post 9/11 UER

Max 2018 Crisis UER

Mean Differential

t-statistic (p-value)

Mean

4.62

7.44

2.82

9.37 (0.000)

S.D

0.48

1.75

  

N

77

35

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