A new report from the Bureau of Labor Statistics indicates black Americans have been benefiting in the job market since President Trump moved into the Oval Office.
According to the new data, which compares the period between July 2016 and July 2017, approximately 700,000 additional black Americans have gained jobs, as the participation rate for black American workers has risen by one percent since March 2017.
Additionally, the unemployment rate has fallen by one percent for black Americans. In July 2016, the unemployment rate for black Americans was 8.4 percent; in July 2017, it is 7.4 percent.
Within President Trump’s first seven months in office, the unemployment rate for black Americans fell from 8.0 in March to 7.4 in July.
The Daily Caller notes that when Obama took office in 2009, the unemployment rate for black Americans was 13.7, and continued to rise, reaching a high of 16.8 in March 2010. It did start coming down, reaching just under 8 percent when he left office.
Also during the Obama administration, between 2009 and 2014, incomes plunged for black Americans, more than any other ethnic group, as noted in an opinion editorial by Stephen Moore in The Hill on Tuesday:
“Barack Obama, our first black president, won well over 90 percent of the black vote, yet from an economic perspective he delivered poor results. Black incomes from 2009 to 2014 fell more for blacks than any other racial or ethnic group. Just as an example of good intentions run amok: policies like raising the minimum wage increases had a statistically significant negative effect on black teenage labor force participation rates.
“I would argue that two factors hold back economic progress for blacks: a lack of jobs in inner cities and poor educational opportunities. On both of these, Trump is delivering positive results. The black unemployment rate has fallen by a full percentage point in the last year, black labor force participation is up, and the number of black Americans with a job has risen by 600,000 from last year. Preliminary data show black wages and incomes up since the election.”
Moore stated that even though it’s early, so far, “Trump has done more for black economic progress in six months than Obama did in eight years.”
He pointed to the issue of school choice that President Trump has supported so strongly, saying in cities such as Washington, D.C., and Milwaukee, “90 percent of the children who benefit from these programs are black.”
“So is Trump a racist who doesn’t care about the future of black Americans? He is creating jobs, higher incomes and trying to give a better education to every disadvantaged child in America. That is a pretty darn good civil rights record,” Moore wrote.
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