Isn’t it funny how Blacks and Hispanics do so much better under a racist president than they do under “woke” presidents? Black youth unemployment is a prime example of this. Under Barack Obama, black youth unemployment reached an all-time high of 35.6%. But, under President Trump, the Black youth unemployment rate has fallen to an all-time low of 17.7%. If you ask a liberal why that is, you will get a lot of double- talk and nothing else. But, I can explain it to you very simply….money.
Democrats are all about money, both privately and publicly. There is no money in lowering unemployment for Black youths. But there is a lot of money from businesses if you make it easier to bring in cheap foreign labor through open borders. Of course, Black youths are hurt by this cheap foreign labor. Why hire an untried 18-year-old Black youth when you can hire an experienced adult illegal alien?
The American economy is providing jobs for younger African-Americans at an unprecedented level.
In July, the unemployment rate for African-Americans between the ages of 16 and 19 fell to a seasonally adjusted 17.7 percent, the lowest rate since the government began tallying the figures in the early 1970s.
A total of 762,000 young African-Americans had jobs in July, according to the most recent data from the Department of Labor. That’s the highest number on record. The labor force participation rate climbed to 38.8, up from 36.3 a year ago.
Despite rising workforce participation, African-American youth unemployment is down dramatically from a year ago, when it was a seasonally adjusted 19.4 percent. The workforce over that time has grown by 50,000.
White youth unemployment actually increased year-over-year, from 11.0 percent to 11.4 percent. As a result, the racial gap in unemployment has contracted to 6.3 percentage points, also a record low.