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Thursday, June 29, 2017

Black Unemployment at Lowest Rate in 17 Years

In the months since Donald Trump became America's 45th president, the unemployment rate among black people has hit the lowest number since 2000.

In February, the Bureau of Labor Statistics (BLS) reported the black unemployment rate at 8.1, but the number dropped to 8.0 in March, 7.9 in April, and 7.5 in May.

During most of Barack Obama's presidency, black unemployment was in double digits, hitting a high mark of 16.8 in March 2010. Between July 2008 (during the financial crisis) and February 2015, the rate remained above 10 percent.

Black unemployment has not been this low since December 2000, when 7.4 percent of African-Americans looking for work were unable to find it.

This good news should be taken with a grain of salt, however, because the workforce participation rate remained low in May, at 62.7 percent. It is possible that many people stopped looking for work, just as others found good jobs.

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8 comments:

Anonymous said...

The black community should really reevaluate how the dumbocrats have taken care (advantage) of them of the past few decades.

Anonymous said...

The numbers can be presented whichever way the presenter wants.

Anonymous said...

Take away food stamps and welfare and look what happens. Keep up the great work Mr Trump.

Anonymous said...

The put'em to work initiative is REALLY WORKING!!!!!!!!!

Best part of it, we're ONLY 5 months into the Presidents FIRST term!!!!!!!!!!!!!!!!

Anonymous said...

That's correct 6:00, remove the freebies from black and white. We would have working people to do the jobs they claim illegals are needed for. If this doesn't happen the funds will run out. I sure don't make enough to support mouths outside my family.

Anonymous said...

How did that work out in Maine and Alabama after those single and able adults were required to work or qualify for work to get EBT? All we know is that the EBT claims went down as much as 75% (?), but we don't know how many actually went to work.

Anonymous said...

no wonder they're angry.

bayman said...

You cannot make someone work that does not want to work. How can President Trump or anyone be responsible for this? All ways someone else to blame, huh?