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Wile the unemployment rate for Americans dropped in August, there is a political time bomb buried in the statistics for President Joe Biden and a Democratic Party increasingly focused on equity: black joblessness shot up significantly.In other words, the president who fondly boasts of a domestic policy promising to leave nobody behind has an economic recovery that is leaving a key Democratic constituency in worse shape."The rise in black unemployment in August is certainly troubling, considering their unemployment rates were already much higher than any other group," Elise Gould, a senior economist at the Economic Policy Institute, said on Twitter.Adding to the complications is the fact that before the pandemic, African-Americans enjoyed historic economic gains under President Trump, including record-low unemployment and falling poverty.Steve Moore, an economist who advised Trump, said the trend lines for blacks under Biden were ominous, especially after all the COVID-19 relief that was distributed.
The political time bomb for Biden inside the latest jobless numbershttps://justthenews.com/nation/economy/political-timebomb-biden-inside-latest-jobless-numbersUnemployment rate for Blacks has gone up despite unemployment rate going down.
