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.
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.
✅Historically low unemployment
✅130,000 NEW JOBS
✅Paychecks GOING ⬆️
🇺🇸 GOOD NEWS for American workers 🇺🇸https://t.co/HkJ8B9iX65
— Marc Lotter (@marc_lotter) September 6, 2019
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.
— Deneen Borelli (@deneenborelli) September 6, 2019