Liberals Can’t Comprehend Black Economic Progress
It undermines the argument that society is stacked against racial and ethnic minorities.
The black American worker has had a pretty good run in recent years, though you might not know it because the political left and its allies in the press prefer to accentuate black struggle. Racial inequality shouldn’t be ignored but neither should black progress.
Between 1963 and 2012, unemployment averaged 5.1% for whites and 11.1% for blacks. The 2008 financial crisis hit black workers especially hard, with unemployment reaching 16.8% in March 2010. Under President Obama, black unemployment declined but didn’t fall below double-digits until the seventh year of his presidency. When he left office in January 2017, the black jobless rate was 7.5%. Under President Trump it dipped to 5.3% in August 2019, then fell to a record-low 4.7% in April of this year.
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