The Government Accountability Office (GAO) report showed an increase from 17% to 21% during that span when accounting for African Americans, Latinos, Asians and others who held lower-, mid- and senior-level management roles in the sector, The Washington Post reports.

“Since 2007, Asians had the largest gains, increasing their representation among managers from 5.4% to 7.7%,” the GAO report notes. “Hispanics made smaller gains. In contrast, the proportion of African-Americans in management positions decreased from 6.5% to 6.3%.”

Women managers were about on par with men in lower- and mid-level management jobs, representing 48%. But only 29% of women were senior-level managers over the eight year time frame. African Americans working at some of the largest banks also saw a decline when it came to senior executive and manager positions, including at JPMorgan Chase & Co., Citigroup and Goldman Sachs Group over the last five years, a separate workforce analysis by Bloomberg found. Blacks make up only 2.6% of those positions at the three banks.

“Look, we can call it not caring, we can call it not having the will, we can call it not having incentives, not having accountability,” says Martin Davidson, professor of leadership at the University of Virginia’s Darden School of Business. “Whatever you want to call it, the bottom line is there’s not enough energy and resources being put into figuring out how to catalyze this black talent.”

The number of black executives did go up at Bank of America, from 3.4% in 2012 to 3.7% in 2016, while Wells Fargo & Co. saw their black executive ranks grow from 2% to 8% in that same span. But black executives accounted for only 1.6% of executives in that five year frame for CitiGroup.

“We are not satisfied with these numbers and are working hard to improve them,” said CitiGroup spokeswoman Elizabeth Kelly. JPMorgan Chase CEO Jamie Dimon acknowledged last year in the firm’s annual letter to shareholders that his firm has “simply not met the standards set for [itself]” when it comes to black talent, Quartz reports.

While African Americans make up 9.4% of the firm’s employees, only 3% are executives or senior-level managers. The bank introduced a company-wide initiative in 2016 called Advancing Black Leaders, focused on recruiting black talent and retaining and developing the African Americans already working there, Dimon noted.

John Rice, founder and CEO of Management Leadership for Tomorrow, gave Dimon credit for going further than peers in explicitly saying that there was a problem. “…It appears JPMorgan is focusing on a multi-faceted approach to African American diversity; he addresses recruitment, retention, and advancement,” Rice said. “Not all organizations will publicly communicate the importance of all three levels, as historically Wall Street has prioritized recruitment over helping ethnically diverse employees advance.”