Black Unemployment Lowest on Record

The U.S. black unemployment rate reached a record low for the month of August at 5.5 percent, “helped by a jump in the number of black women on the job.”

Since the early 1970’s, the Labor Department started tracking minority unemployment data.

CNN reports:

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.

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With the national unemployment holding steady at 3.7 percent, the number of employed people reached 157,878,000, another record under President Trump.

For August, Hispanic unemployment “matched a record low set earlier this year,” 130,000 jobs were added, and wage growth remained solid.

Under the Trump administration, lower taxes and a roll-back in regulations spurred a pro-growth environment for businesses to provide jobs and raise wages, benefitting hard working families.

Watch the summary of the August jobs report below.