Democratic warnings that President Trump would make life worse for minorities were discredited once again Friday, with the release of new unemployment statistics for December. In just under one year in office, the president and the Republican Congress have helped minorities make dramatic gains.
Since taking the reins from President Obama, President Trump and the GOP-controlled Congress have embraced free-market and pro-liberty economic policies. Now – after a year of reducing regulations, approving a tax cut, and encouraging stricter standards for numerous welfare programs at the state level – the economy is thriving. Working-age minorities are benefitting in ways they have rarely, if ever, have enjoyed in the modern era.
The U.S. Labor Department reported Friday that the unemployment rate for African-Americans fell to 6.8 percent in December – the lowest rate since recordkeeping began in 1972. That’s an astounding drop from the 8.3 percent black unemployment rate in October 2016, just before Donald Trump was elected president.
Hispanic unemployment was at a near-record low of 4.9 percent in December – down from 5.7 percent the month before the election of President Trump. Additionally, there were four months in 2017 in which the Hispanic seasonal unemployment fell below 5 percent – the only time that has occurred in a single year over the past 44 years. (FOX NEWS)
[divider][/divider]President Donald Trump is praising the strength of the U.S. economy ahead of meetings at Camp David with congressional Republicans.
Trump tells reporters on the South Lawn that the “tax cuts are really kicking in” after Congress passed a package of tax cuts at the end of 2017. He notes that many companies have provided their employees with end-of-year bonuses.
And the president is praising the December jobs report, which found U.S. employers added 148,000 jobs in December and the unemployment rate stayed at 4.1 percent, the lowest level since 2000. (MERCURY NEWS)
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