Black Unemployment Rate Falls to Record Low to 6.8%

MAKING AMERICA GREAT AGAIN FOR BLACKS AND JOBS …

As reported at CNBC, the Bureau of Labor Statistics reports that black workers had a 6.8 percent unemployment rate in December, the lowest in the 45 years the data has been tracked. This is HUGE!!! When President Donald Trump said he was going to “Make America Great Again,” he meant it for all Americans. The economy is now benefiting all Americans, including blacks. This is the Democrats worst nightmare. Who can blacks thank for this lowest ever unemployment? Donald Trump of course. It was not Barack Obama who created jobs for blacks, Obama actually failed blacks. It is actually Trump who will be better for blacks. Liberals and Democrats heads are spinning. Now the real question is, will blacks reward Trump for his amazing job in the 2020 elections? In 2016 Trump got 8% of the black vote,which was up from 2012 and 2008. If Trump gets double digit black votes, Democrats will lose their lock on this demographic forever.

Unemployment among black workers is at its lowest since at least the early 1970s, when the government began tracking the data.

The black unemployment rate of 6.8 percent in December was the lowest since the Bureau of Labor Statistics started tracking it in 1972, a year in which the rate ranged from 11.2 percent to 9.4 percent. In the 45 years the data has been tracked, the unemployment rate for black or African-American workers aged 16 years and older has never fallen below 7 percent.

With all the negative race-baiting by the LEFT, Democrats and the media and hateful rhetoric against Donald Trump, who is it that has been putting them back to work?

BLS: Increased by 148,000 in December 2017 … Unemployment Rate Stays at 4.1%

From the  U.S. Bureau of Labor Statistics, total nonfarm payroll employment rose by 148,000 in December. Job gains occurred in healthcare, construction, and manufacturing. Although the number of jobs were lower than expected, the underlying numbers are good. The lower amount can be attributed to retail, as this is the day of the internet and on-line shopping, analysts will have to account for that in the future.

In December, the unemployment rate was 4.1 percent for the third consecutive month. The number of unemployed persons, at 6.6 million, was essentially unchanged over the month. Over the year, the unemployment rate and the number of unemployed persons were down by 0.6 percentage point and 926,000, respectively. (See table A-1.)

Among the major worker groups, the unemployment rate for teenagers declined to 13.6 percent in December, offsetting an increase in November. In December, the unemployment rates for adult men (3.8 percent), adult women (3.7 percent), Whites (3.7 percent), Blacks (6.8 percent), Asians (2.5 percent), and Hispanics (4.9 percent) showed little or no change. (See tables A-1, A-2, and A-3.)

Among the unemployed, the number of new entrants decreased by 116,000 in December. New entrants are unemployed persons who never previously worked. (See table A-11.)

The number of long-term unemployed (those jobless for 27 weeks or more) was little changed at 1.5 million in December and accounted for 22.9 percent of the unemployed. Over the year, the number of long-term unemployed declined by 354,000. (See table A-12.)

The labor force participation rate, at 62.7 percent, was unchanged over the month and over the year. The employment-population ratio was unchanged at 60.1 percent in December but was up by 0.3 percentage point over the year. (See table A-1.)

So which business sectors fared well?

Total nonfarm payroll employment rose by 148,000 in December. Job gains occurred in healthcare, construction, and manufacturing.  Employment in health care increased by 31,000 in December. Employment continued to trend up in ambulatory health care services (+15,000) and hospitals (+12,000). Health care added 300,000 jobs in 2017, compared with a gain of 379,000 jobs in 2016.

Construction added 30,000 jobs in December, with most of the increase among specialty trade contractors (+24,000). In 2017, construction employment increased by 210,000, compared with a gain of 155,000 in 2016.

In December, manufacturing employment rose by 25,000, largely reflecting a gain in durable goods industries (+21,000). Manufacturing added 196,000 jobs in 2017, following little net change in 2016 (-16,000).

Employment in food services and drinking places changed little in December (+25,000). Over the year, the industry added 249,000 jobs, about in line with an increase of 276,000 in 2016.

The Black Unemployment Rate Lowest in 17 Years Under President Donald J. Trump

SO YOU MEAN ITS TRUMP AND NOT OBAMA WHO PUT BLACK AMERICA BACK TO WORK AGAIN?

As per CNS News, the unemployment rate for black Americans is the lowest it has been since the year 2000, at 7.3%. It was not Barack Obama, but President Donald J. Trump who has resided over the lowest black unemployment rate. And the liberal MSM refuses to report on such positive marks for the president. Had Obama done this, they would have been carving is likeness into Mount Rushmore. Under Donald Trump, this is what happens when you make the entire economy is made whole, all benefit from it. We reported earlier that the US economy has been A Tale of Two Presidents, Donald Trump, who is putting America back to work and Obama, the Food Stamp president.

Think Democrats are not scared that Trump may get more of the black vote in 2020? No wonder why they never give him credit for what he has done as president. Its all been a distraction.

According to the Bureau of Labor Statistics( BLS), the unemployment rate for black Americans is the lowest it has been since the year 2000, 17 years ago.

In November, the national unemployment rate for black Americans, ages 16 and over, was 7.3%.

The last time it was 7.3% was in the year 2000, during the months September, October and November.

During the Bush and Obama years (2001 -2016), the black unemployment rate fluctuated between 7.7% and a high of 16.8%.

An Economic Tale of Two Presidents … Trump Economy Far Better than Obama’s Food Stamp Presidency

A TALE OF TWO ECONOMIES …

The comparison of the Donald Trump and Barack Obama economies can best be describes like a Tale of Two Cities, “It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the season of Light, it was the season of Darkness, it was the spring of hope, it was the winter of despair.” Guess which one was which? Just look at the color codes numbers below that compare November of 2016 under Obama and November of 2017 under President Donald Trump. Even partisan Democrats can compare these numbers. Ever wonder why the liberal, bias media does not want to tout Trump’s accomplishments and continuously report on a Russian collusion story that does not exist? Because Americans are back to work, including Blacks and Hispanics. Under Obama in Nov. 2016. Black unemployment was at 8.1% and for Hispanics 5.7%. However, under Trump in Nov. 2017, Black unemployment is down to 7.3% and Hispanics at 4.1%. In Nov. 2017, manufacturing unemployment rate fell to a record low under Trump. The manufacturing sector added 31,000 jobs, while its unemployment rate fell to a record-low 2.6%. Under Obama, he claimed the manufacturing jobs were gone for good and many were lost on his watch.

For Barack Obama, he was the Food Stamp president. Donald Trump is the economic recovery president. Add the Stock market president too. The DOW is currently at 24,329.16. Remember when the foolish LEFT said on election night that the Stock market was going to crash because of a Trump election? How did that work out?

NOV 2017 (DONALD TRUMP)

Total nonfarm payroll employment increased by 228,000 in November, and the unemployment rate was unchanged at 4.1 percent, the U.S. Bureau of Labor Statistics reported today. Employment continued to trend up in professional and business services, manufacturing, and health care.

Household Survey Data

The unemployment rate held at 4.1 percent in November, and the number of unemployed persons was essentially unchanged at 6.6 million. Over the year, the unemployment rate and the number of unemployed persons were down by 0.5 percentage point and 799,000, respectively. (See table A-1.)

Among the major worker groups, the unemployment rate for teenagers increased to 15.9 percent in November. The jobless rates for adult men (3.7 percent), adult women (3.7 percent), Whites (3.6 percent), Blacks (7.3 percent), Asians (3.0 percent), and Hispanics (4.7 percent) showed little change.

The number of long-term unemployed (those jobless for 27 weeks or more) was essentially unchanged at 1.6 million in November and accounted for 23.8 percent of the unemployed. Over the year, the number of long-term unemployed was down by 275,000. (See table A-12.)

NOV 2016 (Barrack Obama)

The unemployment rate declined to 4.6 percent in November, and total nonfarm payroll employment increased by 178,000, the U.S. Bureau of Labor Statistics reported today. Employment gains occurred in professional and business services and in health care.

Household Survey Data

In November, the unemployment rate decreased by 0.3 percentage point to 4.6 percent, and the number of unemployed persons declined by 387,000 to 7.4 million. Both measures had shown little movement, on net, from August 2015 through October 2016.

Among the major worker groups, the unemployment rate for adult men declined to 4.3 percent in November. The rates for adult women (4.2 percent), teenagers (15.2 percent), Whites (4.2 percent), Blacks (8.1 percent), Asians (3.0 percent), and Hispanics (5.7 percent) showed little or no change over the month.

The number of job losers and persons who completed temporary jobs edged down by 194,000 to 3.6 million in November. The number of  long-term unemployed (those jobless for 27 weeks or more) was little changed at 1.9 million and accounted for 24.8 percent of the unemployed. Over the past 12 months,the number of long-term unemployed was down by 198,000.

November Jobs Trump Expectations … 228,000 vs. 200,000 est.

ANOTHER GREAT JOBS REPORT …

Making American jobs great again … There were 228,000 payrolls added in November, and the unemployment rate remained at a low 4.1% and Payrolls for September and October were revised higher by a combined 3,000 jobs. According to the Department of Labor,

The unemployment rate held at 4.1 percent in November, and the number of unemployed persons was essentially unchanged at 6.6 million. Over the year, the unemployment rate and the number of unemployed persons were down by 0.5 percentage point and 799,000,
respectively. (See table A-1.)

Among the major worker groups, the unemployment rate for teenagers increased to 15.9 percent in November. The jobless rates for adult men (3.7 percent), adult women (3.7 percent), Whites (3.6 percent), Blacks (7.3 percent), Asians (3.0 percent), and Hispanics (4.7 percent) showed little change. (See tables A-1, A-2, and A-3.)

Job market beats expectations with 228,000 payroll growth from CNBC.

•  Nonfarm payrolls grew by 228,000 in November and the unemployment rate held steady at 4.1 percent. Economists expected 200,000 new jobs and an unchanged headline rate.
• Wage growth again disappointed, with average hourly earnings up just 2.5 percent annualized, compared with estimates of 2.7 percent.
• Investors still expect the Fed to hike interest rates at its meeting next week.

Nonfarm payrolls rose by 228,000 in November while the unemployment rate held steady at 4.1 percent as the U.S. economy continues to hum along, the Labor Department reported Friday.

Economists surveyed by Reuters had expected nonfarm payrolls to grow by 200,000.

“The November employment data is largely as expected. For an expansion that began in mid-2009, no negative surprises are welcome,” said Mark Hamrick, senior economic analyst at Bankrate.com. “The lingering impacts of recent hurricanes and flooding have reverted back to relative calm in the statistics, meaning that this is a ‘cleaner’ number.”

The biggest November job gains came in professional and business services [46,000], manufacturing [31,000] and health care [30,000]. In total, goods-producing occupations rose by 62,000. Construction saw a gain of 24,000, almost all of which were specialty trade contracts, a profession that has added 132,000 jobs over the past year.

Heading into the holiday season, retail jobs also grew by 18,7000.