UNEMPLOYMENT RATE FALLS TO 3.9%, BLACK UNEMPLOYMENT TO RECORD LOW OF 6.6% …
Yes, President Donald Trump is making America great again and in some cases making it greater than ever before. The Unemployment rate for April 2018 has fallen to 3.9%. This is a 17 and a half year low for the U.S. unemployment rate. The news was even better for minorities as the unemployment rate for black workers dropped to a record low 6.6%, beating the previous record low of 6.8% set in December. The jobless rate for Hispanics fell to 4.8%, tying the record reached last year and in 2006. This is tremendous news for America and troublesome for Democrats, the LEFT and the liberal MSM. Even as under the Trump administration minorities are making considerable gains in the work force, the miserable LEFT and MSM still manages to find the negative. Hmm, where were these people during the 8 yeas of Obama when blacks had double digit unemployment?
U.S. job growth increased less than expected in April and the unemployment rate dropped to near a 17-1/2-year low of 3.9 percent as some out-of-work Americans left the labor force.
The Labor Department’s closely watched employment report on Friday also showed wages barely rose last month, which may ease concerns that inflation pressures are rapidly building up, likely keeping the Federal Reserve on a gradual path of monetary policy tightening.“
Fed officials can rest easy that there is not any wage-based inflation on the horizon,” said Chris Rupkey, chief economist at MUFG in New York. “There is no need to speed up the path of interest rates because inflation isn’t heating up in a worrisome manner.”
Nonfarm payrolls increased by 164,000 jobs last month, the Labor Department reported. Data for March was revised to show the economy adding 135,000 jobs instead of the previously reported 103,000. That was the fewest amount of jobs created in six months and followed an outsized gain of 324,000 in February.
But 236,000 people left the labor force in April, adding to the 158,000 who quit in March. The labor force participation rate, or the proportion of working-age Americans who have a job or are looking for one, fell to 62.8 percent last month from 62.9 percent in March. It was the second straight monthly drop in the participation rate.
Where was the LEFT and MSM calling out Obama during his 8 years for the difference between black and white unemployment? Instead, the miserable LEFT and MSM continue to be all things negative to Trump and put Obama op on high. Really, the numbers show that there is less of a disparage between blacks and whites under Trump. Both black and white unemployment has gone down about 0.6% since the November 2016 elections,; however, the difference is that these are historic lows for blacks. The majority of time during Obama, blacks witnessed double digit unemployment as there were a record number of individuals on food stamps. The fact of the matter is that if Trump was president in 2008-2016, blacks would have seen the benefits they see now, just that much sooner.
The LEFT and Democrats are freaking out that minorities are seeing record low unemployment and might just vote as the silent black and Hispanic voter with Trump and the GOP in 2018 and 2020.