Trump Repairing Obama's Economic Damage for Blacks and Hispanics
http://blackrepublican.blogspot.com/...ic-damage.html
BET founder and billionaire
Robert Johnson said it well — President
Trump deserves credit for a “great” economy and low black unemployment:
“I think the economy is doing absolutely great, and it’s particularly reaching into populations that heretofore had very bad problems in terms of jobs, unemployment and the opportunities that come with full employment, so African-American unemployment is at its lowest level.”
He went on to say that he gives “the president a lot of credit for moving the economy in a positive direction that’s benefiting a large amount of Americans” and “the tax cuts clearly helped.”
The Wall Street Journal Editorial Board went even further in its July 4
editorial , “A Tale of Two Economies.”
Among its excellent points:
- The jobless rate for blacks is 6.2%, which is only 2.9 percentage-points higher than for whites versus a 4.6 percentage-point difference before the start of the 2008 recession.
- Unemployment has fallen twice as much among blacks as whites since December 2016.
- Nearly one million more blacks and two million more Hispanics are employed than when Barack Obama left office.
- Minorities account for more than half of all new jobs created during the Trump Presidency.
- Unemployment among black women has hovered near 5% for the last six months, the lowest since 1972.
- A mere 3.5% of high school graduates are unemployed.
