Economy

ECONOMY SOARS: African American, Hispanic Unemployment LOWEST IN HISTORY

posted by Hannity Staff - 5.04.18

The unemployment rate for African American and Hispanic workers plunged to the lowest levels ever recorded Friday as the US economy roars to life under President Trump and the Republican-controlled Congress.

The newest figures released by the US government show the unemployment rate for African American workers dropping to 6.6% and the unemployment rate for Hispanic workers plunging to 4.8%.

“There’s a heck of a lot of good news in this report,” said Kevin Hassett, chairman of the White House Council of Economic Advisers.

“The African-American unemployment rate dropped to 6.6 percent. That’s the lowest rate on record, and significant because black workers’ unemployment is typically double that of whites,” adds CBS News.

The strong economic data comes after similar reports show GDP and jobless claims smashing expectations as more and more Americans head back to work in the second quarter of 2018.

Just this week, similar reports showed unemployment claims dropping to the lowest levels seen since 1973.

h/t Washington Examiner