President Donald Trump, whom Democrats label as a racist and white supremacist has delivered for Blacks on a level Barack Obama never dreamed of. Blacks are outperforming whites in one of the best economies this country has ever seen. Huge gains were recorded for Blacks and Hispanics. Blacks, Hispanics and non-college graduates are seeing the greatest gains. During Obama’s first term the top 10% of earners were the big winners racking up an incredible 103% of all gains as the middle class lost ground.
Overall, the average wage gain was 3.1%. November marked the 16th consecutive month in which the average yearly gains ran t 3% or higher. In 8 years, Obama achieved that just 3 times in 96 months. manufacturing jobs rose by 54,000 and total jobs added totaled 266,000 well above estimates. Is it any wonder that President Trump is getting Black support in the mid thirties?
Steve Cortez at Real Clear Politics reported:
The headlines of the employment report deserve celebration, with 266,000 new jobs created last month, including 54,000 in manufacturing. But the details reveal even better news for the U.S. workforce. For example, the quality of the increases matches the quantity of new hires, as yearly earnings exceeded 3% growth for the 16th consecutive month, a mark seen in only three months, total, during the Obama years. In addition, those wage gains now flow overwhelmingly to workers previously left behind. For example, blue-collar wage growth exceeded white-collar wage growth; non-college grads outperformed those with degrees; and black incomes surpassed those of whites. The point here is not to engage in the divisiveness of liberal identity politics. All Americans presently enjoy robust wage growth. But it is also important to highlight the tangible benefits to groups that most needed a leg up on the economic ladder.
A key driver of the new dynamism in the labor market has been the revitalized small business sector. Hispanics, as the statistically most entrepreneurial demographic in America, benefit handsomely from the renewed zeal of start-ups. As Friday’s report detailed, the Latino jobless rate has been under 5% for 20 straight months. Prior to President Trump, there had only been one month ever of sub-5% Hispanic joblessness, back in 2006. But at last, tax and regulatory relief have unleashed the animal spirits of American strivers. No wonder a recent CNBC survey of small business owners found Trump’s approval rating at a new record high of 60%. In 2017, that same study showed only a +3% net approval/disapproval rating for the president. Now, the figure among small business owners has exploded to +20% in favor of the president.
Not surprisingly, this economic vitality is spurring record optimism, and right into the key Christmas shopping season. For example, the respected University of Michigan survey of consumer sentiment recently registered above 95.0 — for the 30th month out of the last 35. For context, the last time that study showed such a sustained level of elevated enthusiasm was during the tech boom of the late 1990s.