Latest posts

Trump Congratulates Himself For Low Black Unemployment Rate

Trump Congratulates Himself For Low Black Unemployment Rate

By Ryan Velez

Donald Trump has used Twitter for all types of purposes before and since his election, including giving himself a pat on the back. Rolling Out reports that Trump recently tweeted out Black unemployment rates, boasting about how improved job statistics come from his “genius.”

“The African American unemployment rate fell to 6.8%, the lowest rate in 45 years. I am so happy about this News! And, in the Washington Post (of all places), headline states, “Trump’s first year jobs numbers were very, very good,” the tweet read. This isn’t likely to change anyone’s opinions given the unending issues and controversies surrounding him.

Interestingly enough, despite this statistic, Trump isn’t necessarily a great jobs creator overall. Fox News of all sources, reported this in some previous coverage:

“The official monthly jobs report for this past December underperformed, with the Labor Department estimating that the economy added only 148,000 jobs in the last month of 2017. When you look at the big picture the average monthly job growth in 2017 was just 171,000 jobs per month. This number is still way down from the 187,000 jobs that were added each month in 2016 when Obama was still President.

Trump’s 171,000 jobs was the lowest average monthly job growth since 2010 when only 88,000 jobs were added to the economy each month. However, this should be little surprise, considering that the country was in the midst of a massive recession. The Fox News research team actually posted the number of average monthly job gains on Twitter, making things look even worse.

•    2017: 171,000

•    2016: 187,000

•    2015: 226,000

•    2014: 250,000

•    2013: 192,000

•    2012: 179,000

•    2011: 174,000

•    2010: 88,000

With Trump’s major goal being to erase many of the gains that Obama made during his presidency, this makes for a black eye on his administration. In addition, the recent Republican tax bill may make things worse. It has been sold as a “trickle-down” effect for those in lower social-economic classes, but most economists believe that the redistribution solely benefits the top earners, with working-class individuals having little to gain. Business owners may not be getting taxed, but one can only wonder what good a few new jobs will do the cost of living ends up skyrocketing.”

Source

Latest posts

More in Latest posts

Good Advice For Young Professionals

sgreyJanuary 18, 2018

You Donated For Tax Benefits. But Do You Have Proof?

sgreyJanuary 18, 2018

Cryptocurrencies Post Double-Digit Falls

sgreyJanuary 18, 2018

Millions Left Uninsured At End Of 2017 Compared To 2016

sgreyJanuary 17, 2018

Hoda Kotb Says Outright That She’s Not Making Matt Lauer Money

sgreyJanuary 17, 2018

Why Is Jay-Z Filing A Trademark For Animated “Jaybo” Character

sgreyJanuary 17, 2018