Hurricanes Harvey and Irma are long gone, and despite dire predictions, they did not dampen the September jobs report in most key areas. The Bureau of Labor Statistics on Friday said the labor force participation rate of 63.1 percent reached a high for the year in September, up two-tenths of a point from August. The number of employed Americans reached 154,345,000 in September, setting a sixth record since January. As the number of employed Americans reached an all-time high, the number of unemployed Americans in September — 6,801,000 — hasn’t been this low since May 2007. The already low unemployment rate dropped another two-tenths of a point to 4.2 percent last month. That is the lowest since early 2001. BLS noted that the recent hurricanes had “no discernible effect on the national unemployment rate.” The number of Americans not in the labor force declined a bit in September to 94,417,000. The record, set in the final full month of the Obama presidency, stands at 95,102,000 Americans not in the labor force.
Some excellent news!! Sure there are some mixed stats. But, on balance, Americans have much to be optimistic about in this Trump economy. To read the rest of this article, click on the text above.
Unemployment among black Americans ages 16 years and over fell to 7.5 percent in May, its lowest level since December 2000. Black unemployment has been on the decline since February — falling from (February) 8.1, (March) 8.0, (April) 7.9, and (May) 7.5 percent, according to data from the Bureau of Labor Statistics. The national unemployment rate in May was 4.3 percent, its lowest level since May 2001. Unemployment for black Americans has historically hovered below their white counterparts. The Great Recession drove black unemployment near Great Depression-era levels, reaching 16.8 percent in March 2010. While most Americans were feeling the negative affects of the housing crisis, it was black lawmakers who were beginning to publicly blame President Obama for black America’s morass. In August 2011, Congresswoman Maxine Waters called the black unemployment rate “unconscionable.” A month later, Waters hammered President Obama for failing to “acknowledge the economic disaster in the African American community” while addressing his jobs agenda in the battleground state of Iowa. Days later, then-Congressional Black Caucus Chairman Emanuel Cleaver told reporters, “If Bill Clinton had been in the White House and had failed to address this problem, we probably would be marching on the White House.” In a campaign speech in North Carolina last October, then-candidate Trump offered a “new deal” to black Americans based on three pillars — “safe communities, great education, and high-paying jobs.”
…And so far, the man has delivered. Yet, the dominantly liberal mainstream media isn’t reporting on this at all. But, had this happened under Obama, we’d be hearing about it non-stop. Again, the liberal media is exposed for its brazen hypocrisy. This is great news for the black community! And, it’s happening on Trump’s watch; NOT Obama’s. 🙂