Sunday, September 08, 2019

The week in review with Bill Katz, editor of Urgent Agenda 09/08 by Silvio Canto Jr | Politics

The week in review with Bill Katz, editor of Urgent Agenda 09/08 by Silvio Canto Jr | Politics:

Guest: Bill Katz, the editor of Urgent Agenda........UK PM Johnson and the Brexit crisis..Democrats going left and more left........Biden still up........Senator Kamala Harris and the Trump joke.......More US economic news and generally good.............Nixon pardon 1974.......And other to listen:

Sunday’s video: A good economic report on Friday

Related image 

Good unemployment news is bad politics for some Democrats

Image result for us economy images
Once upon a time, a story like this would have made most people pretty happy:
The unemployment rate for African-Americans fell to the lowest level ever recorded in August, dropping from 6 percent to 5.5 percent.
One result: the persistent gap between white and black unemployment also narrowed to its smallest on record.
The unemployment ratio has averaged around 2 to 1 or so for decades, meaning the black unemployment rate is typically twice the white unemployment rate.
In good times, the unemployment rate of whites and blacks falls but the gap remains.  And in bad times, the unemployment rate for whites and black rises, but black unemployment typically remains around twice that of white employment.
A year ago, the black unemployment rate stood at 6.6 percent while the white unemployment rate was 3.4 percent, meaning black unemployment was 185 percent of white unemployment.
In August, the gap narrowed so that black unemployment was under 162 percent of white unemployment.  That is the smallest gap ever in records going back to January 1972.
I remember when news like that would have been greeted with smiles and lots of cheers.
Yes, those were the days before Trump Derangement Syndrome, or when we could cheer about good news for all, especially minorities.
Can President Trump persuade black Americans that he is into results rather than “hope and change” speeches?
I hope so, because these numbers are outstanding and further evidence that “a rising tide lifts all the boats,” as President Kennedy once said.
PS: You can listen to my show (Canto Talk) and follow me on Twitter.

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