• Advertise
  • Donate
  • Subscribe
    • Become a print subscriber
    • Sign up for e-Newsletter
    • e-Editions
Saturday, September 23, 2023
No Result
View All Result
Minnesota Spokesman-Recorder
  • News & Features
    • National
    • Local
    • Special Editions
      • MLK Legacy
      • Black History Month
      • The MSR Celebrates Women’s History Month
  • All Sections
    • Opinion
      • Mellaneous by Mel Reeves
      • Word on the Street
      • Reaching Out From Within
    • Health + Wellness
      • Women’s Wellness
      • Parenting Today
      • Minnesota Cancer Alliance Breast Cancer Gaps Project
    • Sports
      • Timberwolves/NBA
      • Lynx/WNBA
        • 20 in 20
      • Twins/MLB
      • MN Wild/NHL
      • Vikings/NFL
    • Business
      • Small Business Month Celebration
      • Black Business Spotlight
      • Finances FYI
    • Arts + Culture
    • Photo Galleries
      • Photo of the Week
    • MSR Forefront Digital Roundtable Series
      • MSR Forefront Highlights
    • Go Green
    • Education
    • Bulletin
    • Jobs & Notices
      • Legals
      • Announcements
  • Events
    • Submit an event!
  • Obits
  • Sister Spokesman
  • e-Editions
Minnesota Spokesman-Recorder
  • News & Features
    • National
    • Local
    • Special Editions
      • MLK Legacy
      • Black History Month
      • The MSR Celebrates Women’s History Month
  • All Sections
    • Opinion
      • Mellaneous by Mel Reeves
      • Word on the Street
      • Reaching Out From Within
    • Health + Wellness
      • Women’s Wellness
      • Parenting Today
      • Minnesota Cancer Alliance Breast Cancer Gaps Project
    • Sports
      • Timberwolves/NBA
      • Lynx/WNBA
        • 20 in 20
      • Twins/MLB
      • MN Wild/NHL
      • Vikings/NFL
    • Business
      • Small Business Month Celebration
      • Black Business Spotlight
      • Finances FYI
    • Arts + Culture
    • Photo Galleries
      • Photo of the Week
    • MSR Forefront Digital Roundtable Series
      • MSR Forefront Highlights
    • Go Green
    • Education
    • Bulletin
    • Jobs & Notices
      • Legals
      • Announcements
  • Events
    • Submit an event!
  • Obits
  • Sister Spokesman
  • e-Editions
No Result
View All Result
Minnesota Spokesman-Recorder
No Result
View All Result

Under Trump, Black unemployment rises

by MSR News Online
March 29, 2017
62
VIEWS
Share on FacebookShare on LinkedIn

 

(MGN Online)

During President Donald Trump’s first full month in office, the Black unemployment rate rose as the White unemployment rate fell, according to the latest jobs report.

Key employment indicators show that Black workers lost ground in February. The unemployment rate for Black workers increased from 7.7 percent in January to 8.1 percent in February. The labor force participation rate, which is the share of the population that is employed or looking for work, ticked down from 62.4 percent to 62.3 percent in February.

The employment-population ratio, which is the share of the population that has jobs, also declined for Black workers from 57.5 percent to 57.3 percent in February.

Meanwhile, the White unemployment rate inched closer to four percent, decreasing from 4.3 percent in January to 4.1 percent in February. The labor force participation rate and the employment-population ratio for White workers also improved.

- ADVERTISEMENT -

The jobless rate for White men 20 years old and over dipped below four percent in February (3.8 percent). The labor force participation rate for White men slipped from 72.1 percent to 72 percent, and the employment-population ratio for White men increased from 69.2 percent in January to 69.3 percent last month.

The unemployment rate for White women 20 years old and over decreased from 3.9 percent in January to 3.7 percent in February. The labor force participation rate and the employment-population ratio for White women also showed gains in February, which indicates that White women were able to join the labor market and find work at higher rates last month compared to January.

Black men fared worse than other adult groups in the job market last month. The unemployment rate for Black men over twenty years old increased from 7.3 percent in January to 7.8 percent in February.

The labor force participation rate slipped from 68.1 percent in January to 67.8 percent in February. The employment-population ratio also declined, falling from 63.1 percent to 62.5 percent in February, the biggest decline for any adult group that month.

Not only did the unemployment rate for both Black men and women 20 years old and over move in the opposite direction to their White counterparts, the share of Black men and women that looked for jobs and found work decreased from January to February.

- ADVERTISEMENT -

Before his inauguration in January, President Donald Trump often questioned the Labor Department’s monthly jobs report, but when the latest report was released on March 10, White House officials expressed their enthusiasm about the results.

During the press briefing after February’s jobs report was released, White House Press Secretary Sean Spicer was asked if President Trump believed that the report was accurate. Spicer answered, “[President Trump] said to quote him very clearly: ‘They may have been phony in the past, but it’s very real now.’”

Laughter was audible in the White House Press Briefing Room.

Even as the White House appeared to be claiming another victory on the jobs front, Ben White, the chief economic correspondent for POLITICO and a CNBC contributor, noted that February’s big jobs number was very similar to 2016 and 2015.

“Hard to see any Trump bump in these numbers. Nearly identical to last two Febs,” White tweeted. Others said that February’s jobs report was just a continuation of President Obama’s policies.

- ADVERTISEMENT -

In a statement about the latest jobs report, Michael Madowitz, an economist for the Center for American Progress, said that the current labor market trends originating in the Obama years continued this month, with 235,000 jobs added and the unemployment rate decreasing slightly to 4.7 percent.

“Since the employment recovery began in February 2010, we’ve added nearly 16 million jobs, and the steady tightening of the labor market has finally started to deliver wage growth for workers, increasing 2.8 percent over the past year,” Madowitz said in the statement.

“These statistics show that the economy has continued to build on the foundation and success of the past few years and tell the story of the economy far more accurately than the Trump administration’s focus on the 30 large companies in the Dow.”

Madowitz continued: “In his first 49 days in office, President Donald Trump has discussed loosening oversight in financial markets, which may force the Federal Reserve to raise interest rates to prevent financial bubbles. Rolling back protections, updating overtime standards, and endangering Americans’ retirement savings have delighted Trump’s Wall Street and corporate base but are cold comfort for the American worker.”

In a statement about the February’s jobs report, Rep. Bobby Scott (D-Va.) said that President Trump inherited a growing economy from his predecessor.

- ADVERTISEMENT -

“President Trump claimed he was handed ‘a mess’ by the Obama Administration, but we know that is not accurate,” said Scott. “Under President Obama the unemployment rate was cut in half while GDP and median income rose.

“Congressional Republicans and President Trump must change their course and actually begin working on solutions to build an economy that benefits all of America’s working families.”

 

Freddie Allen is managing editor of the NNPA Newswire. Thanks to the National Newspaper Publishers Association (NNPA) for permission to reprint this story.

Support Black local news

Help amplify Black voices by donating to the MSR. Your contribution enables critical coverage of issues affecting the community and empowers authentic storytelling.

Donate Now!

Share this:

  • Click to share on Facebook (Opens in new window)
  • Click to share on Twitter (Opens in new window)
  • Click to print (Opens in new window)
  • Click to share on Reddit (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on WhatsApp (Opens in new window)

Like this:

Like Loading...
ADVERTISEMENT
Previous Post

Black credit union proposed

Next Post

Rakim still moves the crowd

MSR News Online

Reach the MSR staff at msrnewsonline@spokesman-recorder.com.

You Might Also Like

Donald Trump booked in Georgia; mugshot publicly released
National

Donald Trump booked in Georgia; mugshot publicly released

Trump
National

Trump agrees to $200K bond in Georgia election interference case

Even CNN employees and Republicans panned Trump’s disastrous town hall
National

Even CNN employees and Republicans panned Trump’s disastrous town hall

Trump ramps up attack on Manhattan DA with violent imagery and call for ‘death’ and ‘destruction’
National

Trump ramps up attack on Manhattan DA with violent imagery and call for ‘death’ and ‘destruction’

Media outlets report violent chatter has increased as authorities prep for Trump indictment
National

Media outlets report violent chatter has increased as authorities prep for Trump indictment

Paid leave debate ramps up at MN Capitol
Local

Paid leave debate ramps up at MN Capitol

Next Post
Rakim still moves the crowd

Rakim still moves the crowd

  • Facebook
  • Instagram
  • Twitter
  • YouTube
ADVERTISEMENT

Upcoming Events

Sep 12
September 12 @ 6:30 pm-December 18 @ 9:30 pm Recurring

Vic Volare Presents MUSIC FOR MARTINIS ft: Vic’s Fabulous Nightclub Academy

Sep 22
September 22 @ 5:00 pm-September 23 @ 8:30 pm

9th Annual Lantern Lighting Celebration at Lakewood Cemetery

Sep 23
10:00 am-1:00 pm

Expanding Diversity Career Fair

Sep 23
7:30 pm-9:00 pm Recurring

Michhil Amra | We Are The Procession

View Calendar
ADVERTISEMENT
ADVERTISEMENT

Read our latest e-Edition!

ADVERTISEMENT
ADVERTISEMENT

Subscribe

  • Home/Office Delivery
  • Weekly e-newsletter
  • e-Editions

Support

  • Donate
  • Subscribe
  • MSR Newsstand Locations

Connect

  • About
    • MSR Staff
  • Contact
  • Send a news tip
  • About
  • Privacy Policy
  • Terms

© 2023 Minnesota Spokesman-Recorder

No Result
View All Result
  • News & Features
    • Local
    • National
  • All Sections
    • Arts & Culture
    • Health & Wellness
      • Women’s Wellness
      • Parenting Today
      • MN Cancer Alliance Breast Cancer Gaps Project
    • Business
      • Black Business Spotlight
      • Finances FYI
      • Small Business Month Celebration
    • Opinion
    • Sports
  • Events
  • Obits
  • Sister Spokesman
  • Donate
  • Subscribe

© 2023 Minnesota Spokesman-Recorder

 

Loading Comments...
 

    %d bloggers like this: