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Under Trump, Black Unemployment Lowest Since 1972

It’s not unmixed good news, but it’s striking how little credit this administration gets for a massive recovery.

Every time the stock market went up, the media began hailing Obama and claiming that the bad times were over. Now we’re seeing real benefits on the ground.

Nation’s jobless rate drops under 4 percent for first time since 2000

The nation’s unemployment rate fell to the lowest level since late 2000, as the Labor Department reported Friday that businesses added 164,000 jobs in April, bringing the jobless rate down to 3.9 percent, and setting a new record low for unemployment among African-Americans.

The unemployment rate fell to 3.9 percent in April, an 18-year low… A more encompassing measure of unemployment that includes discouraged workers and those holding part-time positions for economic reasons fell to 7.8 percent, the lowest since July 2001. Unemployment for blacks fell to a fresh record-low of 6.6 percent, down 0.3 percent.

That’s the real uneployment rate. And the record for black unemployment is even more striking.

Black unemployment fell to 6.6 percent in April, the lowest in data dating back to 1972, while the jobless rate among Hispanics dipped to 4.8 percent, matching the lowest on record, Labor Department figures showed Friday.

That’s quite a racist administration. And a good financial overview.

U.S. stocks logged their biggest advance in a week as investors reacted to an April U.S. jobs report that showed an 18-year low in the unemployment rate.

The S&P 500 Index moved higher, led by technology and consumer shares. The dollar resumed its climb and Treasuries fell Treasuries as the market also assessed the impact of America’s trade talks with China.

If this were Obama, you know what the coverage would look like. Instead all the media wants to talk about is Stormy Daniels.

 

Link:  https://www.frontpagemag.com/point/270089/under-trump-black-unemployment-lowest-1972-daniel-greenfield


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