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PaulS · 01-14-2021, 04:27 PM

TRUMP, on the economy before the pandemic: “We had the best numbers for African Americans on employment and unemployment in history ... best everything.” — Fox News interview Wednesday

THE FACTS: True on unemployment. Not true by a long shot on “everything” in the economy.

Black unemployment reached a record low during the Trump administration, 5.4% in August, as the longest economic expansion in history pressed ahead.

Most of the progress came when Barack Obama was president: Black unemployment dropped from a recession high of 16.8% in March 2010 to 7.8% in January 2017. Improvement continued under Trump until the pandemic. Black unemployment reached 16.8% in May, compared with 13.3% for the overall population.

Not all economic measures improved for African Americans under Trump before the pandemic. A black household earned median income of $41,361 in 2018, the latest data available. That’s below a 2000 peak of $43,380, according to the Census Bureau.

More broadly, there were multiple signs before the pandemic that the racial wealth gap had been worsening.

01-14-2021, 04:27 PM	#3
PaulS Registered User iTrader: (0) Join Date: Jul 2004 Posts: 10,194	TRUMP, on the economy before the pandemic: “We had the best numbers for African Americans on employment and unemployment in history ... best everything.” — Fox News interview Wednesday THE FACTS: True on unemployment. Not true by a long shot on “everything” in the economy. Black unemployment reached a record low during the Trump administration, 5.4% in August, as the longest economic expansion in history pressed ahead. Most of the progress came when Barack Obama was president: Black unemployment dropped from a recession high of 16.8% in March 2010 to 7.8% in January 2017. Improvement continued under Trump until the pandemic. Black unemployment reached 16.8% in May, compared with 13.3% for the overall population. Not all economic measures improved for African Americans under Trump before the pandemic. A black household earned median income of $41,361 in 2018, the latest data available. That’s below a 2000 peak of $43,380, according to the Census Bureau. More broadly, there were multiple signs before the pandemic that the racial wealth gap had been worsening.