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Six months in, tax cuts are already providing historic gains for minorities, women, and small busine

m.knox

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Aug 20, 2003
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Historic gains for minorities and women? Hmmm, the left was telling me that these tax cuts only benefit "THE RICH", and do so at the expense of the women and minorities. Was I wrong to believe them?

https://www.washingtonexaminer.com/...ins-for-minorities-women-and-small-businesses

In January, the black unemployment rate was 7.7 percent, but by May, it had dropped to 5.9 percent, the lowest unemployment rate recorded for African-Americans since the Bureau of Labor Statistics began to report such figures in 1972. This rate is made even more impressive considering that prior to President Trump's time in office, African-Americans had never experienced an unemployment rate below seven percent.

Hispanic and Asian unemployment rates are also at historic lows. Hispanic unemployment in 2018 is on pace to be the lowest annual average ever, and the unemployment rate for Asians has dropped by nearly a full percentage point, from 3 to 2.1 percent, since January. That rate is now sitting at its lowest point in BLS records, which date back to 2003.

Women are also enjoying groundbreaking economic gains. May’s 3.3 percent unemployment rate for women is lower than any rate recorded since 2000 and is on pace to be the lowest annual rate since 1953.
 
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