The economic and employment numbers for May reflected an economy that has not been this robust since 1969. Most notably the unemployment rate for black Americans hit a record low in U.S. history.
Even more notable is the fact that the gap between black and white workers in America narrowed to a historic 2.4 percent according to the Bureau of Labor Statistics reported Friday.
Not surprisingly Democrats and most in the mainstream media were silent on the matter or responded with a resounding, “Yes, but.” The standbys of the civil rights movement, like Jesse Jackson, were quick to shift credit to Obama and his strategies and continue on with their usual narrative of Trump is a racist while ignoring that those numbers represent an improvement in the lives of real people.
Less than a month ago, BET founder Robert L. Johnson bucked that trend and told CNBC viewers that black Americans should find encouragement that “something is going right” under Trump. Before these latest numbers came out he said:
“You have to take encouragement from what’s happening in the labor force and the job market. When you look at African American unemployment, in over 50 years since the Bureau of Labor Statistics has been keeping the numbers, you’ve never had two things: African American unemployment this low and the spread between unemployment among whites and African Americans narrowing.”
Unlike Nancy Pelosi and her ilk, Johnson, a Democrat, and supporter of Hillary Clinton is willing to give credit where credit is due.
“Why shouldn’t we, as Black voters, reject the notion that we are locked into one party which undoubtedly limits and dilutes our voting power? We should, instead, use the power of our vote to support and elect whichever party that best serves our interests,” says Robert L. Johnson.
Presidents do not make an economy great but they certainly set the tone for the direction it takes and will continue to take. Johnson sees what unbiased observers do: the renewed health of our economy is thanks in large part to President Trump’s regulation cutting and tax policies that have stressed productivity and sustained growth as opposed to burdensome tax hikes and government regulation.
Historically, black unemployment has been a consistent 66 percentage points higher than white unemployment since the government began recording the data in 1972 and the disparity has never before fallen below 3 points.
The African American unemployment rate fell to 6.8%, the lowest rate since such record began to be kept in 1992. Even the Washington Post offered the headline, “Trump’s first-year jobs numbers were very, very good.”
To say anything less is to ignore hard facts. Black unemployment fell dramatically to 5.9 percent setting a record the month before at 6.6 percent. And those numbers reflect across all demographics. White unemployment fell from 3.6 to 3.5 percent. Hispanic unemployment rate rose slightly to 4.9 percent after setting a record low of 4.8 percent in April. Overall, unemployment has not been this low since 2000.
Teenage unemployment dropped roughly 25 percent in the past year and black teenagers gained even more ground. Unemployment among women fell to its lowest point since 1953.
Some naysayers argue that the jobs gained are not good jobs. This is another myth being spread by the Left and the dishonest media. Among non-managers, hourly wages climbed by nearly 3 percent, especially for non-managers. As one economist told The Wall Street Journal, “It’s pretty hard to argue that the labor market is anything but right in the sweet spot.”
Perhaps what should be more of note to black leaders is that the gap between black and white unemployment is the smallest it has ever been, according to the Bureau of Labor Statistics.
Economist Evan Cunningham believes this trend of the gap narrowing between black and white workers looks to continue for a while.
During a telephone interview with Fox and Friends, President Trump spoke of his latest black supporter, Kanye West. He said, “Kanye looks and he sees black unemployment at the lowest it’s been in the history of our country.” That’s hard to argue with.
Anyone who stays abreast of the news knows that the economy is hostage to unexpected events like a hurricane or rumors of war. But for now. The employment rate was 20 percent better than economists expected and no one benefited more than those in the black community.
~ American Liberty Report