January Jobs Report: 200K New Jobs But Black Unemployment Spikes

January Jobs Report: 200K New Jobs But Black Unemployment Spikes

The new jobs report is out and there’s good and bad news.

Good news is unemployment remains steady at 4.1%

The bad news is the black unemployment rate, which Donald Trump touts as being “the lowest rate ever recorded” spiked upwards more than a full percentage point.

Via Mediaite:

In Trump’s first year in office, he presided over a 1% decline in the black unemployment rate, which is really just the continuation of a 1% per-year decline that started under President Obama.

But now, it looks like Trump won’t have “record low” talking point to kick around anymore.

The January jobs report is in, and black unemployment has spiked, to 7.7 percent, more than one full percentage point higher than it was in December’s report.

Overall, the economy created 200,000 new jobs in January, not a bad number, with economists initially predicting job growth at around 180,000. It must be noted, however, this falls short of January 2017, in which the Barack Obama-led economy created 227,000 new jobs — though, technically, Trump was president for ten of those days.