Unemployment Dropped To 3.8 Percent In May – Black Unemployment Hit A New Low!

This is fantastic news for the American people and devastating news for the Democratic party. Trump is continuing his winning streak on the economy and jobs. The overall unemployment rate dropped to 3.8 in May. The black unemployment rate dropped to the historic low of 5.9 percent.

The Bureau of Labor Statistics reports:

THE EMPLOYMENT SITUATION — MAY 2018

Total nonfarm payroll employment increased by 223,000 in May, and the unemployment rate edged down to 3.8 percent, the U.S. Bureau of Labor Statistics reported today. Employment continued to trend up in several industries, including retail trade, health care, and construction.

Household Survey Data

The unemployment rate edged down to 3.8 percent in May, and the number of unemployed persons declined to 6.1 million. Over the year, the unemployment rate was down by 0.5 percentage point, and the number of unemployed persons declined by 772,000. (See table A-1.)

Among the major worker groups, the unemployment rates for adult men (3.5 percent), Blacks (5.9 percent), and Asians (2.1 percent) decreased in May. The jobless rates for adult women (3.3 percent), teenagers (12.8 percent), Whites (3.5 percent), and Hispanics (4.9 percent) changed little over the month. (See tables A-1, A-2, and A-3.)

The number of long-term unemployed (those jobless for 27 weeks or more) was little changed at 1.2 million in May and accounted for 19.4 percent of the unemployed. Over the past 12 months, the number of long-term unemployed has declined by 476,000. (See table A-12.)

The best part is that it looks like Trump is just getting started, folks!

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