Posted on 09/07/2018 11:19:38 AM PDT by Red Badger
(Correction: The original headline said that the African-American unemployment rate in August was the lowest ever; in fact, 6.3% is the second lowest rate on record for African-Americans.)
(CNSNews.com) - The midterm election is about "safety and jobs," President Trump told a campaign rally in Montana Thursday night. He said the economy is "booming like never before," and on Friday, the unemployment report brought the president more good news: the unemployment rate for African Americans, 6.3 percent, is the second lowest on record (it was 5.9 percent in May); and job-growth remains strong.
For Hispanics, the unemployment rate increased two-tenths of a point from last month's record low of 4.5 percent. And the overall unemployment rate remained at a low 3.9 percent.
The number of jobs added -- 201,000 -- exceeded analysts' expectations. (After revisions, job gains have averaged 185,000 for each of the last three months.)
After three straight record-setting months, the number of employed Americans dropped by 423,000 in August, to 155,542,000 from last month's all-time high of 155,965,000. This number has set 11 records since Donald Trump took office.
In August, the nation’s civilian noninstitutionalized population, consisting of all people age 16 or older who were not in the military or an institution, reached 258,066,000. Of those, 161,776,000 participated in the labor force by either holding a job or actively seeking one.
The 161,776,000 who participated in the labor force equaled 62.7 percent of the 258,066,000 civilian noninstitutionalized population, slightly below last month's 62.9 percent participation rate.
The participation rate remains stubbornly low as a growing number of people leave the labor force, led by baby-boom retirees.
BLS noted that the percentage of Americans not in the labor force -- meaning they neither have a job nor are looking for one -- increased to a record 96,290,000 in August.
Among the major worker groups, the unemployment rates for adult men (3.5 percent), adult women (3.6 percent), teenagers (12.8 percent), Whites (3.4 percent), and Asians (3.0 percent) showed little or no change in August.
And there's positive news on wage growth: In August, average hourly earnings for all employees on private nonfarm payrolls rose by 10 cents to $27.16. Over the year, average hourly earnings have increased by 77 cents, or 2.9 percent.
That’s absolutely wonderful.
Thanks to Obama
Jobs are death to the Democrat Party. They absolutely need dependence.
The Jobs picture couldn’t start getting better until O’bastard lost his!
You're right.
I love it. They try to take down the claim it’s the best ever, by mentioning a few months back under Trump when it was even lower.
Trump has done more for Blacks than Obama, Clinton, Carter, and Johnson Combined.
As for Johnson, he actually destroyed the Black family, by making the federal government the sugar daddy to unwed moms. Black women didn’t need the Black man in their homes.
Actually, this its now at the third lowest and 2nd lowest was in May.
But, gotta give credit where credit is due... to the lowest rate, during the early years of the 'Rat party. They had it, all due to their policies back in the day, at a hard to beat 0%.
Of course, that was 1860.
I see what you did there...................
The last time this many blacks were working was when democrats owned them.
(ducking)
Take that, obamy.
see #9
The Jobs picture couldn’t start getting better until O’bastard lost his!
><
Exactly!
Loss of jobs was one of Obama’s goals. Loss of jobs was one of his goals in bleeding America to death with a thousand cuts. Obama thrived on cutting America.
The feckless obama gave them talk, Trump has given them jobs.
Well, back in 1858, Blacks had 0% unemployment, at least South of the Mason-Dixon Line and Ohio River. < / sarcasm >
That Trump is a liar then!!!!
/s
I’m shocked they haven’t pulled that one out of their... well never mind.
Yep, because once you get a job you move from being a beneficiary to a contributor, followed by the endless pleasure of being squeezed ever tighter to “pay your fair share.” The dems have been playing the “haves versus have nots” game for decades, but if we can succeed in tilting the balance back toward having more productive citizens than freeloaders we can play that game in reverse by reminding the productive that dems have nothing to offer them besides taking ever more of the fruits of their labor.
Of course then there’s the libs with high paying jobs. 90% of my company is loony left.
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