Hispanic unemployment also dropped by a full percentage point, from 5.9 percent in December 2016 to 4.9 percent in December 2017.
As the president said, this is close to the all-time low, which was 4.8 percent in October and November 2017.
The tweet would have been accurate if Trump had stopped after the numbers. But his dig on the Democrats missed the fact that the unemployment rate for both groups declined dramatically on President Barack Obama’s watch.
Black unemployment peaked at 16.6 percent in April 2010, when Obama was president. It then fell by more than half to 7.8 percent by the time Obama left office in January 2017.
Hispanic unemployment, meanwhile, peaked at 13 percent in August 2009, then fell to 5.9 percent at the end of Obama’s term in January 2017 — also a drop of more than half.
We should note that presidents don’t deserve either full credit or full blame for the unemployment rate on their watch. The president is not all-powerful on economic matters; broader factors, from the business cycle to changes in technology to demographic shifts, play major roles.
The White House did not reply to an inquiry for this article.
Trump is right about the low unemployment rates for both blacks and Hispanics today. But his slam that the Democrats "did nothing" in this regard is an exaggeration. We rate his statement Mostly True.
“African American unemployment is the lowest ever recorded in our country. The Hispanic unemployment rate dropped a full point in the last year and is close to the lowest in recorded history. Dems did nothing for you but get your vote!”
— President Donald Trump on Monday, Jan. 8, 2018 in a tweet