Black unemployment has hit yet another record low, and that is being cheered by members of the Project 21 black leadership network, who cite lower taxes and fewer regulations as major factors in America's economic recovery.
The U.S. Bureau of Labor Statistics (BLS) just released its October employment report, which shows a 3.6 percent overall unemployment rate - with black unemployment at only 5.4 percent. This is the lowest level recorded since the BLS began tracking jobless figures by race in 1972.
"Once again, unemployment for blacks in the U.S. has reached a record low. Trump's policies of deregulation and low taxation have created one of the best environments for job creation in a generation," said Project 21 Co-Chairman Horace Cooper. "When Americans - black or white - have a job and are independent and self-sustaining they are happier, their families are better off and the economy booms. This is a welcome change that should be applauded as well as maintained into the future."
"Black Americans are doing well in a more competitive workforce. This is great news," added Project 21 Co-Chairman Council Nedd II. "America's growing energy independence, commonsense regulatory reform and other pro-business policies are helping create new jobsthat are putting black Americans to work and allowing them to take full advantage of the American Dream."