The U.S. Bureau of Labor Statistics has revealed that the unemployment rate for Black people is now at its highest level since 2021. According to the latest data, the unemployment rate for the demographic rose to 7.5% in August, increasing from 7.2% in July.
What is the reason for the increasing rate of unemployment for Black people?
Julie Su, former acting secretary of the U.S. Department of Labor under President Joe Biden, is one of many economists who blame Donald Trump’s policies for the rising unemployment rate.
“Once again, the proof is in the numbers: Donald Trump is the worst president for workers we’ve seen in generations,” Su said, per The Grio. “Donald Trump’s War on Workers may be playing well with his billionaire buddies, but it’s leaving everyone else less stable, less secure, and poorer.”
Economists specifically point to Trump’s tariffs and his effort to slash the federal workforce.
“Trump told Black Americans that immigrants were a threat to their jobs. The truth is, it’s Trump’s own policies that are crushing opportunity,” Brandon Weathersby, a spokesperson for American Bridge 21st Century, a Democratic research firm, told The Grio. “Families everywhere are struggling, and no one is feeling that failure more than Black workers, especially Black women, who continue to bear the brunt of his broken promises. Trump promised prosperity, but what he delivered is an economy rigged against the most vulnerable.”
Researchers have revealed that Black women are particularly impacted by the federal cuts. According to MSNBC, about 300,000 Black women lost their jobs in a three-month span this year. Many of them lost their jobs due to Trump’s effort to dismantle diversity, equity, and inclusion (DEI) intiatives and politices.
Speaking to The Grio, Democratic strategist Joel Payne said the current state of the economy was predictable when Trump was elected.
“Democrats talked about what Donald Trump was going to do. He was pretty transparent when caught on the hot mic a couple of times about who he was building this economy for,” Payne said, per theGrio. “He wasn’t building this economy for Black workers, and I think we’re seeing the result of that.”
What is the latest national unemployment rate?
The latest data from the U.S. Bureau of Labor Statistics shows that the national unemployment rate continues to increase. Per the data, the national unemployment rate rose to 4.3%, with a mere 22,000 new jobs created on the job market.
“Black unemployment is often routinely double white unemployment, but the gap has been narrowing in recent years following the pandemic, as unemployment fell for all workers,” Angela Hanks, Chief of Policy Programs at The Century Foundation and former Department of Labor official, told theGrio. “This jobs report concerningly shows that gap is widening, with rising Black unemployment disproportionately driving that gap.”