In 2016, when President Donald Trump was campaigning to black Americans, the appeal he made was a simple one, “What have you got to lose?”
Nothing, and as it turns out, there was a whole lot to gain, including the best labor market conditions for blacks in American history and maybe for all Americans, too, with near-50-year-low 3.7 percent unemployment nationwide. The rising tide in the Trump economy has been helping Americans of every race and background, including blacks.
Since Jan. 2017, 1 million more African-Americans say they have jobs, up to now 19.4 million, the most ever. Only 1.1 million say they are unemployed, down 1.5 million, even as the population increased 1 million and those participating in the labor force increased by 600,000.
Put another way, black unemployment is down almost a third from the last peak in labor markets in Aug. 2007. Then, unemployment for blacks hit a low of 7.6 percent, before reaching 16.8 percent in March 2010. The rate settled to around 8 percent at the end of the Obama administration, and then began dropping in earnest the second half of 2017.