Hispanic & Black Unemployment also hit lowest rates ever recorded
Texas Insider Report: WASHINGTON D.C. President Trump celebrated on Friday after
the Bureau of Labor Statistics reported Thursday that the youth unemployment rate declined to 9.2 in July 2018 the lowest Summer Youth Unemployment rate since 1966.
But youth arent the only ones who have been helped by the strength of the surging U.S. economy. The continued expansion has provided additional employment opportunities for minorities in the labor market.
Trump has often touted that black and Hispanic unemployment have touched record lows in recent months.
- Hispanic Unemployment fell to 4.4 in May and
- Black Unemployment hit 5.9 in the same month both the lowest ever recorded.
The youth labor force consists of 16 to 24-year-old who are seeking work. The youth workforce swells each summer as high school and college students seek summer jobs and new college graduates pursue permanent employment.
Just announced youth unemployment is at a 50 year low!" Trump tweeted Friday morning.
