Among the long-term unemployed (that's 27 weeks or longer), Asian-Americans top other minority groups, including blacks and Hispanics - despite much of the population being college educated. From NPR:
Kent Wong, who teaches at UCLA's Center for Labor Research and Education, says it's not surprising that they do. "There are a lot of misconceptions and stereotypes with regard to the Asian-American workforce," he says. "And many assume that because of the high numbers of college graduates within the Asian-American community ... there are not problems with low-wage employment or unemployment, and that's just not the case."
Much of the Asian-American community is made up of unskilled workers who are in service industries and live in insular, ethnic communities. No problem finding work in good times, but downturns present particular problems because they lack networks and language skills.
"If you have a Vietnamese employee working for a Vietnamese employer in Little Saigon in Orange County, that does not transfer to an ability to get a job in Koreatown in Los Angeles," Wong says.