(NNPA)—In May of 2017, the Black unemployment rate hit its lowest level in 17 years: 7.5 percent. Then, in June, the jobless rate for Blacks fell to 7.1 percent, before rising to 7.4 percent in July, according to the latest jobs report.
The jobs numbers over the last six months have generally been impressive. It’s fascinating to note that, suddenly, all the accusations that low jobs numbers were “fake” when President Barack Obama was in office have suddenly vanished.
The Black unemployment rate hit 16.7 percent in September 2011—the highest Black unemployment since Ronald Reagan was in office pushing “trickle down” economics. Overall, the Black unemployment numbers were higher, on average, under President Obama than President George W. Bush or President Bill Clinton.
The 30 year-high for Black joblessness in late 2011 prompted members of the Congressional Black Caucus (CBC) to embark on an August 2011 jobs tour. That same year, President Obama barked at members of the CBC at their annual gala to “put on your marching shoes…and stop whining and complaining.”
The Black unemployment rate, in general, was lower under President George W. Bush than it was under President Obama. Economists agree that the high jobless numbers, under President Obama, were largely driven by the economic downturn known as the Great Recession. Now, Obama’s economic policies are continuing to bear fruit during Trump’s first six months as the Black jobless numbers improve.