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From Project 21 Black Leadership Program
Fact: ”05 NOV 2019 LIBERALS IGNORED HIGH BLACK UNEMPLOYMENT UNDER OBAMA, WON’T CELEBRATE RECORD LOWS UNDER TRUMP”
Last week, the U.S. Bureau of Labor Statistics posted the lowest overall black unemployment figure ever recorded at 5.4 percent.
According to a Project 21 analysis, reported in a press release last week after the jobs report was released, this was the sixth record-low black unemployment rate achieved during the Trump presidency. The previous lowest rate – 7.4 percent – was achieved at the end of the Clinton administration in December 2000.
In extensive remarks, excerpted for the release, Project 21 member Derryck Green addressed the racial allegations that have been made against President Trump (which Project 21 Co-Chairman Horace Cooper often calls the “weirdest” anti-black behavior) despite the Trump administration’s policies having been so helpful to black economic progress.
The economic policies of our first black president exacerbated black unemployment during the recession, helping black unemployment to reach or exceed 16 percent on 11 occasions. Obama Administration officials told us that high national unemployment, high black unemployment and a depressed economic environment in which businesses hired fewer employees because people stopped looking for work was the “new normal.”
But, since 2016, black unemployment has significantly and consistently declined. Under President Trump, black unemployment reached an all-time low on several occasions. Black unemployment dropped below six percent for the first time in May 2017. Twice this year – in August and September – black unemployment dropped and held steady at 5.5 percent. In October, black unemployment is 5.4 percent – the lowest rate ever recorded.
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