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.

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.