Black unemployment rate jumps after Trump touted record low

[malaise]

http://money.cnn.com/2018/02/02/news/economy/black-unemployment-rate/
<snip>
The black unemployment rate is no longer at a record low, after jumping nearly a percentage point to 7.7% in January, according to today's jobs report from the Bureau of Labor Statistics.

The spike offers a good lesson about the risk of claiming responsibility for market trends. President Trump repeatedly said the unemployment rate for African Americans had sunk to an all-time low because of his economic policies. He even tweeted about it in response to criticism from Jay-Z over the weekend.

True, the rate did hit 6.8% in December, which is the lowest point on record. But so far, he hasn't accepted any of the blame for the latest increase.

But, experts say, Trump probably isn't responsible for either move. The black unemployment rate had been sinking fairly steadily since its recession-era high of 16.8% in March 2010.

[HipChick]

1. Still and was always double of other groups..