In December 2017, black unemployment fell to 6.8%. This was the lowest black unemployment rate achieved to date. Although this number is still high, it is a definite improvement from a few years ago. In May 2010, the black unemployment rate was at 16.5%. It will be interesting to see what progress is made in the coming months and years regarding this issue. The Trump administration has been touting its success in bringing down black unemployment, but many remain skeptical of these claims.
Lowest Black Unemployment Rate Till Date
The lowest black unemployment rate achieved to date was in December 2018. At that time, it was 6.8%. However, this number has gone up to 7% now (April 2019). It is worth noting that the overall unemployment rate for all races in America is 3.63% as of April 2019.
As far as the Lowest Black Unemployment Rate Achieved Till Date is concerned, it has increased by 0.2 percentage points between March and April 2019. This increase had taken place at a time when 232 thousand jobs were added to the US economy during these two months combined.
However, even though this Lowest Black Unemployment Rate Achieved Till Date has increased by 0.2 percentage points, it is still a very low number compared to the Lowest Black Unemployment Rate Achieved Till Date of 8.4% in December 2017, which was just one month before Donald Trump took office as the President of the United States.
The black unemployment rate has always been higher than the white unemployment rate in the United States.
Black Americans are more affected by unemployment compared to other races in America. According to recent reports, 7.5% of all American citizens live below poverty levels, but that number is 22% for Black Americans. Unemployment rates have declined over the past several years, with most American citizens experiencing a 3-4% decline since 2010. However, Black Americans have only experienced a 1-2% decline during that same period which is less promising overall when comparing their employment progress to other races in America.
Unemployment Rates for All Races
According to recent reports, the lowest-ever black unemployment rate was 6.8%, which occurred in April 2000.
The highest black unemployment rate was 21.8% in January 1983, which occurred during the beginning of a recession caused by high inflation rates.
Unemployment Rates for Black Americans Only
According to recent reports, the lowest-ever black unemployment rate was 7.0%, which occurred in April 2000. This is just slightly higher than the national average at the time because white unemployment rates were even lower than this percentage that same year. The highest black unemployment rate ever recorded was 16.8% in December 1982, which also occurred during a recession caused by high inflation rates and low oil supplies from Iran and Iraq.
Overall Unemployment Rates
Overall, unemployment statistics vary based on what category is being considered. Some reports only look at individuals considered unemployed, and others consider those who were not employed but did not actively seek employment in the past four weeks and those who are part of the labor force. The official unemployment rate considers those individuals who do not have a job, have looked for work within the past four weeks, and are currently available for work. Currently, the national unemployment rate is 4.1%, which is below what economists call “full employment,” and the overall unemployment rate is nearing or equal to 3%.
According to recent reports, the lowest ever all-inclusive (people that do not fall into any other category) black unemployment rate was 10.8%, which occurred during May 1968. There were more black Americans unemployed that month than white Americans. The highest all-inclusive black unemployment rate was 21.9% in August 1983, which also occurred during the beginning of a recession caused by high inflation rates and low oil supplies from Iran and Iraq.
The overall national unemployment rate has slowly declined since 2010 because more American citizens are employed. Some people have given up on trying to find employment, so they stop being counted in the labor force statistics. Currently, there are 6.5 million fewer people considered in the labor force than there were before President Obama took office in 2009. The current all-inclusive unemployment rate for Black Americans is 8%, just slightly higher than when President Obama entered office in January 2009, when it was 7.8%.
The black unemployment rate has always been higher than the white unemployment rate in the United States. Unfortunately, President Obama was unable to keep his promise to “bankrupt” coal companies and get black youth employment rates back to where it was pre-recession (12%). His largest success over the past 8 years has been the 1-2% decline in Black American Unemployment Rates; whether or not this is a large enough decline could be debated across many platforms.
Black unemployment has reached a record low
The lowest recorded black unemployment rate was in March 2017, at 7.8 percent before the Trump administration.
During one of his speeches, President Donald Trump said, “African-American unemployment stands at the lowest rate ever recorded,” as he emphasized how hard his administration is working for Americans and equal employment opportunities for every citizen. Currently, the number is hovering around 6.6 percent, which is a considerable drop from January 2018 when it was 7.9 percent, December 2017 when it stood at 8.1 percent, and November 2017 when it stood at 8.3 percent.
Unemployment rates among African Americans have been declining steadily since 2010, when the rate was at a staggering 16.8 percent. Moreover, the unemployment drop comes amid other signs of growth, such as tax cuts and trade policies, which should logically help with employment opportunities.
Conclusion
The lowest black unemployment rate is a massive achievement for President Trump. Black people in the United States have been plagued with high unemployment rates since before slavery was abolished. It has not improved much over time, even after laws were passed to protect them from discrimination. Jobs are hard to come by when you’re discriminated against at every turn, and this President is giving us opportunities we never had before. It’s an honor to work towards change during his presidency, and I hope that he will continue fighting for all Americans, including our community, because we deserve better than what we’ve gotten thus far.
