Published: Sat, February 03, 2018
Markets | By Erika Turner

Trump's Boast of Low Black Unemployment Shattered by New Numbers

Trump's Boast of Low Black Unemployment Shattered by New Numbers

President Trump repeatedly said the unemployment rate for African Americans had sunk to an all-time low because of his economic policies.

However, as we've reported before, that accomplishment actually belongs to Trump's predecessor, President Barack Obama.

Trump also tweeted about the record low on January 19 - and he mentioned it Tuesday during his first State of the Union address.

Much of the racial wealth disparity in this country can be attributed to home ownership, which accounts for two-thirds of the wealth of most US households, according to the Economic Policy Institute.

Rep. Cedric Richmond, D-Louisiana, said Tuesday that some members of the Congressional Black Caucus will boycott President Donald Trump's first State of the Union address, while others "will stare racism in the face" by attending the speech. Black unemployment fell fairly consistently from 2010 on, as did the rates for whites and Hispanics.

Raynard Jackson, a black Republican operative who focuses on small and minority-owned businesses, is the founder and president of Black Americans For a Better Future (he famously clashed with the TV host and commentator Roland Martin), who said he's taken meetings with the Trump administration.

Black unemployment jumped in January up from record low
Trump's Boast of Low Black Unemployment Shattered by New Numbers

True, the rate did hit 6.8% in December, which is the lowest point on record.

We probably shouldn't make too much of Friday's number anyway, said Valerie Wilson, the director of the program on race, ethnicity and the economy at the Economic Policy Institute.

In taking credit for a drop in Black unemployment, Trump showcased a Black welder's journey from unemployment to a meaningful career. "Money doesn't equate to happiness". (He has also flirted with a potential run for US Senate.) "In my opinion, the white working class and black working class have more in common than in any other time". You treat people like human beings.

Trump used this event to warn of the dangers of immigrants entering the country, clearly playing to xenophobic fears and ignoring America's history as an immigrant nation. The Russia scandal is closing in on his White House, and Trump is anxious about Democrats not applauding him. Certainly, Trump has a reputation for holding grudges against people who go against him, as shown by Trump's unusual choice to send photos of himself with his hands highlighted with a gold sharpie on a semi-regular basis to a journalist who once said that he has short fingers. Now it looks like Stephen Miller and the other White House aides who put words in Trump's mouth and teleprompter will need to chuck that talking point.

For weeks, Donald Trump has been touting a specific statistic.

German carmakers backed study to test fumes on humans
Hans Dieter Poetsch, chairman of the board of directors of Volkswagen , said the tests were â€incomprehensible” in every way. On Monday, the German government condemned the experiments and Volkswagen tried to distance itself from them.

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