Record-Low Black Unemployment That Trump Touted Jumps Most Since 2012

Dartmouth College Professor David Blanchflower discusses the black unemployment rate in the U.S..(Source: Bloomberg)
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The black unemployment rate in the U.S., which President Donald Trump claimed credit for reducing to a record low, jumped last month by the most in almost six years.

The Labor Department’s monthly employment report released Friday showed that joblessness among black Americans rose to a nine-month high of 7.7 percent in January from 6.8 percent in December, which was the lowest in data back to 1972. The 0.9 percentage-point rise was the most since June 2012. The data tend to be more volatile than the national unemployment rate, which has a larger sample size and was unchanged at 4.1 percent.