Black Unemployment Rate Hits Record Low

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Posted: Sep 06, 2019 5:45 PM
Black Unemployment Rate Hits Record Low

Source: AP Photo/John Minchillo

Let's keep the MAGA train rolling, folks. After the great news that the Fed is not predicting a recession anytime soon, the latest jobs numbers also indicate that black unemployment is the lowest its ever been in the United States since the government began tracking this figure. 

The Bureau of Labor Statistics reported Friday that black unemployment fell to 5.5% in August. 

As Richard Walters of the GOP said, "New jobs report shows higher wages, higher labor participation rate, and lowest black unemployment ever on record. @realDonaldTrump  continues to deliver for all Americans on the economy!"

Even CNN admitted this was good news. Here's part of the breakdown they gave:

The previous record low of 5.9% was set in May 2018.

The unemployment rate for black women fell to a record 4.4% from 5.2% in July. The unemployment rate for black men crept up to 5.9% from 5.8%. But the previous month's rate was a record, so the rate is still near its historic low.

Unemployment among workers who identify themselves as Hispanic or Latino also fell in August to 4.2%, which matched a record low set earlier this year.

Responding to this news, the president on Twitter said, "The Economy is great. The only thing adding to 'uncertainty' is the Fake News!"