5 Economic Triumphs for the US Under Trump

By Anugrah Kumar, Christian Post Contributor Saturday, January 06, 2018

5) Black Unemployment at Lowest Since 1970s

People wait in line to enter the NYCHires Job Fair in New York. The Senate passed a modest jobs creation bill on Wednesday and laid the groundwork for a larger package that would advance Democrats goal of bringing down the stubbornly high U.S. unemployment rate. February 24, 2010. | (Reuters/Shannon Stapleton)

The Bureau of Labor Statistics shows that unemployment rate for black workers was 6.8 percent in December, the lowest since the early 1970s, when the government started tracking data, according to CNBC.

In the 45 years the data has been tracked, the unemployment rate for African-American workers aged 16 years and older has remained above 7 percent.

The unemployment rate for white workers was 3.7 percent in December.

Writing for Daily Independent, Stephen Moore, a senior fellow in economics at the Heritage Foundation, noted that House Minority Leader Nancy Pelosi had said Trump's policies would cause "Armageddon" for family finances, the American economy and the stock market.

"Trump's critics, so far almost all have been dead wrong," Moore remarked.

In October 2016, The Washington Post wrote an editorial, titled, "A President Trump Could Destroy the World Economy."

Moore wrote that the left now needs "to engage in logical contortions to explain how the red-hot American economy is really a result of Obama policies — every which one Trump has systematically been dismantling."

The author pointed out that anyone who sold stock "on the basis of predictions by liberal 'experts' such as Larry Summers, Paul Krugman and Steve Rattner missed out on a 30 percent-plus surge in their financial wealth." He then asked readers, "Would you take financial advice from these people?"