Black unemployment rate jumps after Trump touted record low

[Zippyjuan]

http://money.cnn.com/2018/02/02/news...ate/index.html

The black unemployment rate is no longer at a record low, after jumping nearly a percentage point to 7.7% in January, according to today's jobs report from the Bureau of Labor Statistics.

The spike offers a good lesson about the risk of claiming responsibility for market trends. President Trump repeatedly said the unemployment rate for African Americans had sunk to an all-time low because of his economic policies. He even tweeted about it in response to criticism from Jay-Z over the weekend.

True, the rate did hit 6.8% in December, which is the lowest point on record. But so far, he hasn't accepted any of the blame for the latest increase.

But, experts say, Trump probably isn't responsible for either move. The black unemployment rate had been sinking fairly steadily since its recession-era high of 16.8% in March 2010.

However, it bounces around more than the white unemployment rate because it's based on a smaller population. Black unemployment has dropped or jumped by more than a percentage point in a month several times in the past decade, so we shouldn't read too much into January's move.

The unemployment rate for white people sank in January, from 3.7% to 3.5%, while the Latino unemployment rate rose slightly from 4.9% to 5%.

Presidents really don't have much control over the unemployment rate though they do like to take credit for it when it is low and blame somebody else (usually in the opposing party) when it isn't.

[timosman]

We have data for January already? What a quick turnaround. This is unheard of.

[Dark_Horse_Rider]

Train carrying dozens of GOP members involved in accident as Democratic corruption is about to be exposed by FISA Memo

[FSP-Rebel]

Train carrying dozens of GOP members involved in accident as Democratic corruption is about to be exposed by FISA Memo

False flag

[oyarde]

http://money.cnn.com/2018/02/02/news...ate/index.html





Presidents really don't have much control over the unemployment rate though they do like to take credit for it when it is low and blame somebody else (usually in the opposing party) when it isn't.

I thoroughly believe the other party is responsible for any failure of the black population to be the same as the white population with targeting of failed policies for decades . I do not remember them taking responsibility for that .

[oyarde]

In my county there were 223 new unemployment claims for the week ending Jan 20 . I do not think they even track them by race . That was the second consecutive week over 200 . The last time it was over 200 was April 01 2017 , and it was over 200 ea week of 2017 prior to Apr 1 .

[tod evans]

What's White unemployment? Or Indian or Oriental Or, or?

"Blacks' ain't nuthin' special.

[jkr]

#gotparticipationrate?