Latinos, blacks losing jobs at a faster rate

"Not saying that it's racism," Medley said, "but if a manager or a senior executive is looking at a slate of individuals and has to let one of them go, chances are he or she will not let the person go that they spend a lot of time with at the country club or similar places."

There are no recent government statistics that measure jobs lost by race and income. But Darity and others believe that professional Latinos and blacks are more likely to lose their jobs in the recession.