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Trump’s economic policies lead to record low unemployment among black Americans
President Donald Trump is continuing to deliver on his economic promises to all Americans, including minorities who have traditionally been left behind during times of progress. For the second time in a single year, the unemployment rate among black Americans fell to a record low of 5.9 percent in November as the U.S. economy continues to grow at a remarkable rate.
Rates haven’t been this low since the Bureau of Labor Statistics (BLS) began tracking unemployment among ethnic groups in 1972. In fact, based on the shrinking employment gap between black workers and the rest of the labor force, economists have good reason to suspect that the current unemployment rate among African-Americans is the lowest ever experienced.
The latest figures show that the overall unemployment rate remains at 3.7 percent for the third month in a row. Meanwhile, the unemployment rate among African-Americans fell by .3 percent in a single month, and the new record ties the low achieved in May.
Besides black workers, the most notable job gains went to adult men and workers who lack a high school diploma. Employers have complained that they don’t have the labor pool to fill jobs, so companies are staffing positions with people with lower education levels, causing the unemployment rate among workers who lack a high school diploma to decline to 3.5 percent — the lowest since December 2000.
Despite the rosy outlook, African-Americans continue to lag behind other groups and currently experience the highest rates of unemployment. Among Hispanics, for instance, the rate is 4.5 percent, while whites currently experience unemployment at 3.4 percent, and Asians stand at 2.7 percent.
A promise fulfilled
During his victory speech in November 2016, Trump promised to “be president for all Americans,” and so far, he seems to be on track. Thanks to the GOP tax reform bill, 90 percent of wage earners have experienced higher take-home pay since he took office, and employers are now increasing wages at rates not experienced since before the recession.
“Wage growth has been really solid in 2018…and is ending the year in a very strong place,” Andrew Chamberlain, chief economist at Glassdoor, told NBC News.
The Trump administration has also been successful in combatting poverty, which disproportionately affects black families.
“Average taxpayers with incomes between $10,000 and $20,000, a group that frequently claims refundable tax credits, will have no tax liability and receive an additional refund,” a Joint Economic Committee report from Congress states. According to the report, “those with less than $10,000 in income will see their taxes slashed by more than half.”
Moreover, black men are the demographic most likely to benefit from immigration enforcement, since legal and illegal immigrants tend to take jobs from black communities. An Obama White House report from 2016 concluded that “immigration reform would raise the overall [labor] participation rate by bringing in new workers of prime working age.”
This means that President Trump’s tough stance on immigration is a boon to black workers. His administration has granted fewer visas and cut the number of refugees admitted every year.
“These are measures that will make our community safer and more prosperous,” Trump said in January. “These reforms are supported by the overwhelming majority of Americans.”
Indeed, a recent Harvard-Harris poll found that black Americans prefer reducing legal immigration more than any other demographic. A full 85 percent believe that the U.S. should allow fewer than the 1 million or more immigrants allowed entry before Trump, and 54 percent want to see just 250,000 legal immigrants allowed in the country every year.
Many left-leaning pollsters have dismissed the results of Rasmussen polls showing that Trump enjoys a 36 percent approval rating among African-American voters. But even discredited leftist outlets like CNN have to admit: “It does actually seem that Trump has gained support among African-Americans since the 2016 election.”
Having branded the president as an unapologetic racist, Democrats can’t possibly fathom how their most loyal voters could tolerate Trump. In the words of the Democratic campaign strategist James Carville: “It’s the economy, stupid.”
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