Black Unemployment Rate at Record Low

[Jane2d]

https://www.cnbc.com/2018/01/05/black-un...d-low.html

Unemployment among black workers is at its lowest since at least the early 1970s, when the government began tracking the data.

The black unemployment rate of 6.8 percent in December was the lowest since the Bureau of Labor Statistics started tracking it in 1972, a year in which the rate ranged from 11.2 percent to 9.4 percent. In the 45 years the data has been tracked, the unemployment rate for black or African-American workers aged 16 years and older has never fallen below 7 percent.

I am hesitant to put a lot of stock into unemployment data.  As I understand it, the methods they use to determine the unemployment rate under-represent the reality - for example not counting the under employed (those working part time hoping for full time) and does not count those who are not actively seeking work through a gov endorsed employment agency.

But as someone who floats through jobs on a regular basis - I love being a temp employee - things have gotten significantly better in the last 2-3 years.  Most temp jobs have increased the starting wage by 2-3 dollars an hour, employers are offering permanent jobs much more frequently, and I am able to negotiate hours/pay with much more leverage. 

For those who think Trump is not a factor in the current job situation, the company I am currently at has debated for the last 3 years on an expansion.  Once Trump was elected it was a go and we moved into a new building less than 1 month ago.  For this particular business, Trump was a significant factor in their taking the risk of new loans. 

Hate him or love him, his positions on many job related issues seems to be a positive for both company and worker, at least from my perspective as someone who works temp jobs.