The black poverty rate in the U.S. is at a record low under President Trump.
According to the U.S. Census Bureau’s economic report, “Income and Poverty in the United States: 2018,” the black poverty rate is dropping.
Table B5 on page 65 shows that poverty among married black families dropped to 18.8 percent, down from 20.2 percent in 2015 and 23.8 percent in 2007, which was the peak of the housing boom and bubble inflated by Congress and President George W. Bush’s terms.
The poverty rate among black Americans went down from 24.1 percent in 2015 to 20.8 percent, and among black women, “female-headed families also dropped to 31.7 percent, down from 35.7 percent in 2015.”
For the month of August, the U.S. black unemployment rate reached a record low at 5.5 percent, “helped by a jump in the number of black women on the job.”
The unemployment rate for black workers fell to 5.5% from 6%, according to the Labor Department data. The previous record low of 5.9% was set in May 2018.
✅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
President Trump’s pro-growth economic policies, lower taxes and a roll-back in regulations, created a strong labor market where there are more jobs than there are people to fill them.
Employers are faced with a tight competitive labor market and are offering better wages and benefits to attract and keep employees.
Under the Trump administration, a pro-growth environment for businesses to provide jobs and raise wages is benefitting hard-working families across the country.