Economy & Budget

Black Unemployment Drops Under Bush

On the 10th anniversary of the Million Man March this month, Louis Farrakhan led what he called the “Millions More Movement,” which, ironically, appeared to have hundreds of thousands fewer attendees. 

Here’s a possible explanation:  A lot of people had to work that day.  After all, anybody keeping up with the African-American unemployment rate would know that it is at one of its lowest levels ever.

George W. Bush is laying a claim to be the President who did the best job creating jobs for blacks.  Currently, black unemployment is 9.4%, which is significantly lower than the 10% it averaged in the Clinton years.  The current rate is also much lower than the average black unemployment rate over the past 30 years, which is 12.4%. 

Some on the left have complained that even if the black unemployment rate is dropping, there is still too great a gap between the unemployment rate for blacks and for whites.

If this complaint were sincere, those who made it should be pleased to learn the gap between black and white unemployment, which stands today at 4.9 points, is smaller than the 5.5-point average gap of the Clinton years and the 6.9-point average gap of the past 30 years.

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