American Politics

Trump Is So “Racist”, Black & Latino Unemployment Now At Record LOW Numbers *VIDEOS* #Trump #MAGA #BlackLivesMatter

The unemployment rate for black workers hit the lowest on record in April, according to the latest jobs figures released by the Bureau of Labor Statistics Friday.

The unemployment rate for black workers dropped to 6.6 percent, beating the previous record low of 6.8 percent set in December.

The jobless rate for Hispanics/Latinos fell to 4.8 percent, tying the record reached last year and in 2006.

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Meanwhile, unemployment for white Americans stood at 3.6 percent, the Washington Examiner reports.

“There’s a heck of a lot of good news in this report,” Kevin Hassett, chairman of the White House Council of Economic Advisers, said of the numbers on Fox Business.

President Trump has trumpeted the historically low unemployment rates for minorities seen in recent months. While the situation for those groups has continued to improve on his watch, though, unemployment rates for black Americans and others have been falling for over half a decade.

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The unemployment rate fell to 3.9 percent in April, an 18-year low, even as nonfarm payrolls rose by just 164,000, according to a report Friday from the Bureau of Labor Statistics, reports CNBC.

Economists surveyed by Reuters had expected payroll growth of 192,000 and the jobless rate to drop by one-tenth of a percent to 4.0 percent. The official jobs tally showed an increase from an upwardly revised 135,000 in March.

The closely watched average hourly earnings number rose by 4 cents, equating to a 2.6 percent annualized gain, a bit off the pace from the previous month and a shade less than expected. The average workweek was unchanged at 34.1 hours.

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.

The drop in the unemployment rate came amid another decline in the labor force participation rate to 62.8 percent, the lowest since January. The number of people counted as out of the labor force swelled by 410,000 to 95.74 million.

Professional and business services created the most new jobs, with 54,000, while manufacturing and health care added 24,000 apiece. Mining saw 8,000 new jobs, bringing to 86,000 the total unemployment growth since October 2016 for a sector that President Donald Trump promised to target when he campaigned.

Services jobs overall led the way, with 119,000 new positions. Leisure and hospitality increased by 18,000.

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Mr Americana, Overpasses News Desk
May 4th, 2018

 

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