The May job numbers came out on Friday — and to say they were “good” would be an understatement.
The United States economy added 223,000 jobs in May and unemployment rate dropped to 3.8 percent, hitting an 18-year law under President Donald Trump.
However, one of the most stunning developments is what has happened to black unemployment.
The black unemployment dropped to 5.9 percent in May, which is the lowest the number has been since the government began tracking the data in 1972. That means black Americans are seeing historic levels of opportunity under the Trump economy, a trend that has been gaining steam since January.
Though Democrats are not eager to celebrate the amazing numbers, the progress is not being ignored by everyone.
In April, BET Founder Robert Johnson, America’s first black billionaire, heaped praise on President Trump’s economy and the implications for black Americans.
"You have to take encouragement from what's happening in the labor force and the job market,” he told CNBC. “When you look at African American unemployment, in over 50 years since the Bureau of Labor Statistics has been keeping the numbers, you've never had two things: African American unemployment this low and the spread between unemployment among whites and African Americans narrowing.”
Even the New York Times admitted the May job numbers are so good that they are running out of words to describe how good they are.
Featured image credit: Evan El-Amin/Shutterstock.com