The American people as a whole were in for a treat on Friday with the latest economic numbers.
Black unemployment continues to set records under the Trump Administration.
According to The Daily Caller:
The numbers reveal that the U.S. economy is booming and many key indicators of economic health are trending in the right direction. According to the Labor Department, the unemployment rate is 3.8 percent, the lowest in nearly two decades.
223,000 jobs were created and the May increase in payroll was bullish, surprising economists, according to NPR. However, the most historic data points seem to be centered around black unemployment. The unemployment rate for African-Americans plunged to 5.9 percent in May. That is a record low. Interestingly, the gap between white ad black unemployment has shrunk to the smallest since these numbers have been recorded. The white unemployment (3.5%) and black unemployment (5.9%) is the smallest gap since the release of these numbers, beginning in the early 1970s.
Black Unemployment Rate All-Time Low
What's really amazing is not only did the rate plunge to 5.9% from 6.6% in a single month 76,000 joined the labor force (the only racial group that increased last month) – really great news. #Winning
— Charles V Payne (@cvpayne) June 1, 2018
Black unemployment, Trump's favourite of these numbers, is down to 5.9%, a big drop from 6.6% in April (this data can be noisy). The white rate is 3.5%. That's the smallest gap ever recorded between the two since the government started releasing the racial data in the '70s.
— Daniel Dale (@ddale8) June 1, 2018
Following the strong unemployment numbers, the DOW jumped over 200 points on Friday.
The President released a tweet on Friday morning, “Looking forward to seeing the employment numbers at 8:30 this morning.”
Looking forward to seeing the employment numbers at 8:30 this morning.
— Donald J. Trump (@realDonaldTrump) June 1, 2018
President Trump has received some praise from the black community.
In April, the billionaire founder of BET Robert Johnson praised President Trump’s economy for bringing black workers back to the growing labor force.
He said, “I believe the economy is on a strong growth path.”
Johnson, a long-time friend of Donald Trump, met with President-elect Trump in 2016.
“To me, I never thought Donald Trump, and I still don’t believe it today, was a racist. I don’t believe that he’s anti-African-American,” Johnson has said previously. “For too long, the African-American community has been ignored by the Republicans because they thought we were always locked with the Democrats.”
Overall, all Americans are succeeding thanks to President Trump’s America first policies and the media hates to admit it.