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They key word is in the title, Trump promises....
The orange saviour also promised a beautiful wall, to drain the swamp and lock Hillary up....
Trump hasn't delivered anything but a bag of hot air.
He delivered plenty, but if you keep watching PeeNN for your news, you''ll never know it.
The real fake news is fox news all propaganda.The idiot in the oval office hasn't done a dam thing he's a coward.
Well then I guess I'm seeing the fake news in my paycheck every two weeks. I guess my tax preparer is going to prepare her clients taxes next year with fake news. I guess the likelihood of denuclearizing NK is fake news. I guess the most recent capture of five top ISIS members is fake news. I guess defeating them in Iraq is fake news. I guess the lowest unemployment rate in history for black workers is fake news. I guess the release of three NK American prisoners is fake news. Any other fake news you'd like me to tell you about?
The tax cut is exactly hurting the economy.The lowest unemployment rate for blacks is a lie.The so called mr.trump has lied 3,000 times and he's a criminal may i keep going.
“Something I’m very proud of: African American unemployment stands at the lowest rate ever recorded. And Hispanic American unemployment has also reached the lowest levels in history,” President Trump said Tuesday.
He’s right on black unemployment but not quite right on the rate for Latinos.
The Bureau of Labor Statistics reported last month that the unemployment rate for blacks dropped to 6.8% in December, the lowest since the government began tracking the figure in 1972.
Fact check: Black unemployment rate is at a record low; Latino rate is close
Is the LA Times left enough for you to believe it's true?
He delivered plenty, but if you keep watching PeeNN for your news, you''ll never know it.
The real fake news is fox news all propaganda.The idiot in the oval office hasn't done a dam thing he's a coward.
Well then I guess I'm seeing the fake news in my paycheck every two weeks. I guess my tax preparer is going to prepare her clients taxes next year with fake news. I guess the likelihood of denuclearizing NK is fake news. I guess the most recent capture of five top ISIS members is fake news. I guess defeating them in Iraq is fake news. I guess the lowest unemployment rate in history for black workers is fake news. I guess the release of three NK American prisoners is fake news. Any other fake news you'd like me to tell you about?
The tax cut is exactly hurting the economy.The lowest unemployment rate for blacks is a lie.The so called mr.trump has lied 3,000 times and he's a criminal may i keep going.
“Something I’m very proud of: African American unemployment stands at the lowest rate ever recorded. And Hispanic American unemployment has also reached the lowest levels in history,” President Trump said Tuesday.
He’s right on black unemployment but not quite right on the rate for Latinos.
The Bureau of Labor Statistics reported last month that the unemployment rate for blacks dropped to 6.8% in December, the lowest since the government began tracking the figure in 1972.
Fact check: Black unemployment rate is at a record low; Latino rate is close
Is the LA Times left enough for you to believe it's true?
News
Metros
Religion
Sports
Entertainment
Obituaries
Commentary
Lifestyle
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Across America
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NEXT UP
North Carolina officer chokes, slams man at a Waffle House after prom
Trump's Black unemployment claims don't tell whole story
- Charles Ellison Tribune Washington Correspondent
- 7 hrs ago
- 0
For Blacks between the ages of 16 and 19, the labor participation rate is actually 29 percent, which means more than 70 percent of young African Americans are not participating in the labor force. — AP Photo
Johann Calhoun Tribune News Editor
Washington was abuzz with chatter and concerns over President Trump’s moves on Iran and North Korea.
But White House officials and allies spent much of the week quietly touting lower unemployment numbers as a sign of Trump administration achievements on the economic front.
Of some particular significance were Black unemployment numbers: while still nearly double the national official Bureau of Labor Statistics average of 3.9 percent, jobless claims by African Americans are now down to 6.6 percent, more than 1 percent less than what it was in January.
Faced with challenging Congressional midterm prospects, Republicans were quick to point out the latest Black unemployment numbers as proof that signature legislative items such as tax reform were working.
Yet, even as the economy added 164,000 jobs, that number was below economist expectations or hopes for a more dramatic upswing. Other analysts openly worried that wage growth was stubbornly flat as the annual rate of pay increases stood flat at 2.6 percent.
There were also skeptics on the declining Black jobless numbers. National Urban League president Marc Morial, who was in Washington that same week releasing the latest annual State of Black America report, was quick to point out that the Black jobless rate was not only double that of the overall jobless data, but still very much behind white, Asian and even Latino jobless rates.
It’s an indication, said Morial, that “there is implicit and explicit bias in the labor market.”
That underscored a major theme touched on throughout the week as the NUL held its annual policy convening.
Observers expressed particular anxiety over how much the increasingly digitized marketplace would impact Black workers and families struggling to keep up.
“Jobs are going to disappear. Certain types of jobs are going to disappear, and new jobs are going to emerge,” Morial said.
Creative Investment Research’s William Cunningham, however, expressed mixed optimism.
“Bottom line is that this economy is strong, one of the strongest we’ve seen,” Cunningham said. “Black unemployment is at a historic low. Of course, many of these are low wage jobs in food service, but some are in high skilled areas like construction.”
Since the dawn of the Trump administration, analysts have wrangled over the precise dimensions of the Black unemployment rate.
While the latest BLS numbers might show a substantial decrease (that rate was about 6.9 percent as reported in April), that’s not counting the labor participation rate — the number of people employed and the number actively looking for work.
A Tribune analysis of labor participation rates, those have declined from nearly 68 percent in 2000 to just 62.8 percent in 2018.
White labor participation matches national averages; for white males 20 years and over, it’s over 72 percent.
But for African Americans, the labor participation rate is 61.9 percent — slightly lower than the national average and way below the white participation rate.
Even the Latino participation rate, at 66.4 percent, and the Asian participation rate, at 63 percent, are much higher.
Hence, nearly 40 percent of African Americans able to work are on some level not participating in the labor market with many out of work or not actively seeking work due to a variety of circumstances.
Black workers account for just over 12 percent of the national labor force, proportional to their official population count.
They are over 10 percent of the labor force in Pennsylvania. But the growth of their participation in that market continues to be slow. “Although Blacks’ labor force growth rate is not as rapid as in past decades, their share of the labor force has increased from 9.9 percent in 1976 to 12.3 percent in 2016,” notes BLS economists Emily Rolen and Mitra Toossi.
“This increase is expected to continue, reaching a projected 12.7 percent by 2026.”
Cunningham points out the lowered participation rate may be a sign of people taking time off before looking for a new job. But there are signs suggesting the official Black unemployment rate could understated.
Typical BLS unemployment tallies don’t included the so-called “U-6 rate” that measures three types of discouraged workers: short-term, those on the margins of the workforce and those forced to work part time. Once those latter factors are counted, the national unemployment average, in its complete assessment, is nearly 22 percent.
According to Tribune analysis of BLS and Federal Reserve data, it has been hovering over 20 percent since 2010.
If the national unemployment rate is actually near 22 percent, the real Black unemployment rate is over 36 percent.
In Philadelphia, the official BLS unemployment rate is 5.3 percent for April 2018; however, if other factors were assessed outside the BLS official rate, overall unemployment in the city may actually be near 30 percent. That would make the real or “U-6” Black unemployment rate somewhere near half.
For Black men and women who are 16-19 years of age, the labor participation rate is actually 29 percent, which means more than 70 percent of young African Americans are not participating in the labor force.
That’s compared to nearly 40 percent of whites in the same age group.
Contact Johann Calhoun at [email protected] or call at (215) 893-5739
(0) comments
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The real fake news is fox news all propaganda.The idiot in the oval office hasn't done a dam thing he's a coward.
Well then I guess I'm seeing the fake news in my paycheck every two weeks. I guess my tax preparer is going to prepare her clients taxes next year with fake news. I guess the likelihood of denuclearizing NK is fake news. I guess the most recent capture of five top ISIS members is fake news. I guess defeating them in Iraq is fake news. I guess the lowest unemployment rate in history for black workers is fake news. I guess the release of three NK American prisoners is fake news. Any other fake news you'd like me to tell you about?
The tax cut is exactly hurting the economy.The lowest unemployment rate for blacks is a lie.The so called mr.trump has lied 3,000 times and he's a criminal may i keep going.
“Something I’m very proud of: African American unemployment stands at the lowest rate ever recorded. And Hispanic American unemployment has also reached the lowest levels in history,” President Trump said Tuesday.
He’s right on black unemployment but not quite right on the rate for Latinos.
The Bureau of Labor Statistics reported last month that the unemployment rate for blacks dropped to 6.8% in December, the lowest since the government began tracking the figure in 1972.
Fact check: Black unemployment rate is at a record low; Latino rate is close
Is the LA Times left enough for you to believe it's true?
News
Metros
Religion
Sports
Entertainment
Obituaries
Commentary
Lifestyle
Digital Editions
Across America
Philly Connection
Multimedia
NEXT UP
North Carolina officer chokes, slams man at a Waffle House after prom
Trump's Black unemployment claims don't tell whole story
- Charles Ellison Tribune Washington Correspondent
- 7 hrs ago
- 0
For Blacks between the ages of 16 and 19, the labor participation rate is actually 29 percent, which means more than 70 percent of young African Americans are not participating in the labor force. — AP Photo
Johann Calhoun Tribune News Editor
Washington was abuzz with chatter and concerns over President Trump’s moves on Iran and North Korea.
But White House officials and allies spent much of the week quietly touting lower unemployment numbers as a sign of Trump administration achievements on the economic front.
Of some particular significance were Black unemployment numbers: while still nearly double the national official Bureau of Labor Statistics average of 3.9 percent, jobless claims by African Americans are now down to 6.6 percent, more than 1 percent less than what it was in January.
Faced with challenging Congressional midterm prospects, Republicans were quick to point out the latest Black unemployment numbers as proof that signature legislative items such as tax reform were working.
Yet, even as the economy added 164,000 jobs, that number was below economist expectations or hopes for a more dramatic upswing. Other analysts openly worried that wage growth was stubbornly flat as the annual rate of pay increases stood flat at 2.6 percent.
There were also skeptics on the declining Black jobless numbers. National Urban League president Marc Morial, who was in Washington that same week releasing the latest annual State of Black America report, was quick to point out that the Black jobless rate was not only double that of the overall jobless data, but still very much behind white, Asian and even Latino jobless rates.
It’s an indication, said Morial, that “there is implicit and explicit bias in the labor market.”
That underscored a major theme touched on throughout the week as the NUL held its annual policy convening.
Observers expressed particular anxiety over how much the increasingly digitized marketplace would impact Black workers and families struggling to keep up.
“Jobs are going to disappear. Certain types of jobs are going to disappear, and new jobs are going to emerge,” Morial said.
Creative Investment Research’s William Cunningham, however, expressed mixed optimism.
“Bottom line is that this economy is strong, one of the strongest we’ve seen,” Cunningham said. “Black unemployment is at a historic low. Of course, many of these are low wage jobs in food service, but some are in high skilled areas like construction.”
Since the dawn of the Trump administration, analysts have wrangled over the precise dimensions of the Black unemployment rate.
While the latest BLS numbers might show a substantial decrease (that rate was about 6.9 percent as reported in April), that’s not counting the labor participation rate — the number of people employed and the number actively looking for work.
A Tribune analysis of labor participation rates, those have declined from nearly 68 percent in 2000 to just 62.8 percent in 2018.
White labor participation matches national averages; for white males 20 years and over, it’s over 72 percent.
But for African Americans, the labor participation rate is 61.9 percent — slightly lower than the national average and way below the white participation rate.
Even the Latino participation rate, at 66.4 percent, and the Asian participation rate, at 63 percent, are much higher.
Hence, nearly 40 percent of African Americans able to work are on some level not participating in the labor market with many out of work or not actively seeking work due to a variety of circumstances.
Black workers account for just over 12 percent of the national labor force, proportional to their official population count.
They are over 10 percent of the labor force in Pennsylvania. But the growth of their participation in that market continues to be slow. “Although Blacks’ labor force growth rate is not as rapid as in past decades, their share of the labor force has increased from 9.9 percent in 1976 to 12.3 percent in 2016,” notes BLS economists Emily Rolen and Mitra Toossi.
“This increase is expected to continue, reaching a projected 12.7 percent by 2026.”
Cunningham points out the lowered participation rate may be a sign of people taking time off before looking for a new job. But there are signs suggesting the official Black unemployment rate could understated.
Typical BLS unemployment tallies don’t included the so-called “U-6 rate” that measures three types of discouraged workers: short-term, those on the margins of the workforce and those forced to work part time. Once those latter factors are counted, the national unemployment average, in its complete assessment, is nearly 22 percent.
According to Tribune analysis of BLS and Federal Reserve data, it has been hovering over 20 percent since 2010.
If the national unemployment rate is actually near 22 percent, the real Black unemployment rate is over 36 percent.
In Philadelphia, the official BLS unemployment rate is 5.3 percent for April 2018; however, if other factors were assessed outside the BLS official rate, overall unemployment in the city may actually be near 30 percent. That would make the real or “U-6” Black unemployment rate somewhere near half.
For Black men and women who are 16-19 years of age, the labor participation rate is actually 29 percent, which means more than 70 percent of young African Americans are not participating in the labor force.
That’s compared to nearly 40 percent of whites in the same age group.
Contact Johann Calhoun at [email protected] or call at (215) 893-5739
(0) comments
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Unreadable mess, try again.
Well then I guess I'm seeing the fake news in my paycheck every two weeks. I guess my tax preparer is going to prepare her clients taxes next year with fake news. I guess the likelihood of denuclearizing NK is fake news. I guess the most recent capture of five top ISIS members is fake news. I guess defeating them in Iraq is fake news. I guess the lowest unemployment rate in history for black workers is fake news. I guess the release of three NK American prisoners is fake news. Any other fake news you'd like me to tell you about?
The tax cut is exactly hurting the economy.The lowest unemployment rate for blacks is a lie.The so called mr.trump has lied 3,000 times and he's a criminal may i keep going.
“Something I’m very proud of: African American unemployment stands at the lowest rate ever recorded. And Hispanic American unemployment has also reached the lowest levels in history,” President Trump said Tuesday.
He’s right on black unemployment but not quite right on the rate for Latinos.
The Bureau of Labor Statistics reported last month that the unemployment rate for blacks dropped to 6.8% in December, the lowest since the government began tracking the figure in 1972.
Fact check: Black unemployment rate is at a record low; Latino rate is close
Is the LA Times left enough for you to believe it's true?
News
Metros
Religion
Sports
Entertainment
Obituaries
Commentary
Lifestyle
Digital Editions
Across America
Philly Connection
Multimedia
NEXT UP
North Carolina officer chokes, slams man at a Waffle House after prom
Trump's Black unemployment claims don't tell whole story
- Charles Ellison Tribune Washington Correspondent
- 7 hrs ago
- 0
For Blacks between the ages of 16 and 19, the labor participation rate is actually 29 percent, which means more than 70 percent of young African Americans are not participating in the labor force. — AP Photo
Johann Calhoun Tribune News Editor
Washington was abuzz with chatter and concerns over President Trump’s moves on Iran and North Korea.
But White House officials and allies spent much of the week quietly touting lower unemployment numbers as a sign of Trump administration achievements on the economic front.
Of some particular significance were Black unemployment numbers: while still nearly double the national official Bureau of Labor Statistics average of 3.9 percent, jobless claims by African Americans are now down to 6.6 percent, more than 1 percent less than what it was in January.
Faced with challenging Congressional midterm prospects, Republicans were quick to point out the latest Black unemployment numbers as proof that signature legislative items such as tax reform were working.
Yet, even as the economy added 164,000 jobs, that number was below economist expectations or hopes for a more dramatic upswing. Other analysts openly worried that wage growth was stubbornly flat as the annual rate of pay increases stood flat at 2.6 percent.
There were also skeptics on the declining Black jobless numbers. National Urban League president Marc Morial, who was in Washington that same week releasing the latest annual State of Black America report, was quick to point out that the Black jobless rate was not only double that of the overall jobless data, but still very much behind white, Asian and even Latino jobless rates.
It’s an indication, said Morial, that “there is implicit and explicit bias in the labor market.”
That underscored a major theme touched on throughout the week as the NUL held its annual policy convening.
Observers expressed particular anxiety over how much the increasingly digitized marketplace would impact Black workers and families struggling to keep up.
“Jobs are going to disappear. Certain types of jobs are going to disappear, and new jobs are going to emerge,” Morial said.
Creative Investment Research’s William Cunningham, however, expressed mixed optimism.
“Bottom line is that this economy is strong, one of the strongest we’ve seen,” Cunningham said. “Black unemployment is at a historic low. Of course, many of these are low wage jobs in food service, but some are in high skilled areas like construction.”
Since the dawn of the Trump administration, analysts have wrangled over the precise dimensions of the Black unemployment rate.
While the latest BLS numbers might show a substantial decrease (that rate was about 6.9 percent as reported in April), that’s not counting the labor participation rate — the number of people employed and the number actively looking for work.
A Tribune analysis of labor participation rates, those have declined from nearly 68 percent in 2000 to just 62.8 percent in 2018.
White labor participation matches national averages; for white males 20 years and over, it’s over 72 percent.
But for African Americans, the labor participation rate is 61.9 percent — slightly lower than the national average and way below the white participation rate.
Even the Latino participation rate, at 66.4 percent, and the Asian participation rate, at 63 percent, are much higher.
Hence, nearly 40 percent of African Americans able to work are on some level not participating in the labor market with many out of work or not actively seeking work due to a variety of circumstances.
Black workers account for just over 12 percent of the national labor force, proportional to their official population count.
They are over 10 percent of the labor force in Pennsylvania. But the growth of their participation in that market continues to be slow. “Although Blacks’ labor force growth rate is not as rapid as in past decades, their share of the labor force has increased from 9.9 percent in 1976 to 12.3 percent in 2016,” notes BLS economists Emily Rolen and Mitra Toossi.
“This increase is expected to continue, reaching a projected 12.7 percent by 2026.”
Cunningham points out the lowered participation rate may be a sign of people taking time off before looking for a new job. But there are signs suggesting the official Black unemployment rate could understated.
Typical BLS unemployment tallies don’t included the so-called “U-6 rate” that measures three types of discouraged workers: short-term, those on the margins of the workforce and those forced to work part time. Once those latter factors are counted, the national unemployment average, in its complete assessment, is nearly 22 percent.
According to Tribune analysis of BLS and Federal Reserve data, it has been hovering over 20 percent since 2010.
If the national unemployment rate is actually near 22 percent, the real Black unemployment rate is over 36 percent.
In Philadelphia, the official BLS unemployment rate is 5.3 percent for April 2018; however, if other factors were assessed outside the BLS official rate, overall unemployment in the city may actually be near 30 percent. That would make the real or “U-6” Black unemployment rate somewhere near half.
For Black men and women who are 16-19 years of age, the labor participation rate is actually 29 percent, which means more than 70 percent of young African Americans are not participating in the labor force.
That’s compared to nearly 40 percent of whites in the same age group.
Contact Johann Calhoun at [email protected] or call at (215) 893-5739
(0) comments
Welcome to the discussion.
Log In
Videos sponsored by:
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Philadelphia Mama’s Day Bailout
The Philadelphia Community Bail Fund, a coalition of activist organizations working to end cash bail and pre-trial detention, worked to post bail for several Black mothers just in time for them to head home and celebrate Mother’s Day. Tribune Digital Reporter Samaria Bailey was there as "mam…
The Intruders "I'll Always Love My Mama" (1973)
911 calls & #StarbucksWhileBlack
Temple honors Booker, Bogle, Oliver and Levitz
Girl born without hands wins national penmanship award
Recent Photos
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PHOTOS: Lovely Baptist Church 100th anniversary
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- Delta Sigma Theta calls for national gun reform
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- Icon Mary Mason's grandson pleads guilty
- Devon Still's new career: trying to tackle childhood cancer
- Uptick in 911 calls for Starbucks manager
- Yale: Officers admonished white student for calling police
- TMZ's Van Lathan talks Kanye, Childish Gambino
- Delphine Gibson, oldest person in US, dies at 114
- Univ. of Florida Black students manhandled for strolling at graduation
How do you feel about Temple's proposed new football stadium?
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520 S. 16th Street
Philadelphia, PA 19146
Phone: 215-893-4050
Email: [email protected]
© Copyright 2018 phillytrib.com, 520 S. 16th Street Philadelphia, PA
Powered by BLOX Content Management System from TownNews.com.
Unreadable mess, try again.
Try scrolling it actually works
That is what he said in the campaignI’ll believe it when I see it
Why doesn’t Trump force the drug companies to negotiate prices like other countries do?
Seems mostly rhetoric
I think I heard Trump say he may do just that in the campaign.
Again, I will wait and seeAnyone waiting to review the pending legislation will be very disappointed. There is no legislation even in the planning stages. All there is at hand is a promissory note in the form of yet more executive actions to inspire big pharma in "reducing patient out-of-pocket spending", "creating incentives to lower list prices", "increasing competition" and "better negotiation" according to Health & Human Services.
~~ Trump pleases insurers, angers Democrats with drug-pricing plan ~~
Of course, Trump left out of his 'talk' today that Bush's Medicare Part D Pharma give away forbids price negotiations making all of his promises moot on that huge part of the equation since there is no plan for any legislation for the proposed negotiation process let alone ability to negotiate prices. He went so far as to claim (read that as bluster and lie), "...Trump said his proposal would give Medicare "new tools to negotiate lower prices".... ~ibid~
Snake Oil for your ills anyone????
My mamma is dead you piece of shit....Go fuck yourself. I have one more thing to add, when you are man enough to become a veteran of the US Army you can also have medical care gratis, till then keep on living in yer echo chamber, a piece of shit is a step for your kind..I get my drugs for free already, it can't get any cheaper.
Once you graduate from mama's basement you will be pissed then?
Good thing mama will tell you to vote for Donald J. Trump. She's pleased there is a real winner in charge.
They hate anything aimed at benefiting REAL Americans.
This dude is such a badass...he’s always looking to piss the Left off...haha
I wonder how many good, REAL Americans are offended by ‘American Patients First’?
Trump promises to ‘derail the gravy train’ and lower drug prices in ‘American Patients First’ plan
I just don’t see the meat in Trumps drug planI’ll believe it when I see it
Why doesn’t Trump force the drug companies to negotiate prices like other countries do?
Seems mostly rhetoric
Trumps plan will not make the US's Pharma price environment cheaper than the rest of the world. Anyone, who thinks that we'll have the best prices in the world, you are in for a big disappointment. Negotiating prices is the absolute way to keep prices down.
View attachment 193152
Every country in the world, negotiates the healthcare costs, including pharmaceutical.
The only developed counties who are not negotiating pharma drug prices is Turkey and the US. The US has by far, the highest Pharmaceutical prices in the world, it's not close.
And, aren't all those pharma companies already. competing with each other? What is so evolutionary about Trump's plan?
.
They hate anything aimed at benefiting REAL Americans.
This dude is such a badass...he’s always looking to piss the Left off...haha
I wonder how many good, REAL Americans are offended by ‘American Patients First’?
Trump promises to ‘derail the gravy train’ and lower drug prices in ‘American Patients First’ plan
Yup! And more talk and empty promises is pretty much all anyone has heard from that empty suit since he started campaigning 3 years ago in 2015. It takes legislation to make changes like he proposes for big pharma, and his dumb ass knows it and he isn't going to upset any of his big campaign donors. But the rubes having their daily cup of propaganda piss turn a blind eye to reality and believe that the Clown-in-Chief can make everything better with an empty executive action that is toothless! Pitiful sophistry!!Again, I will wait and seeAnyone waiting to review the pending legislation will be very disappointed. There is no legislation even in the planning stages. All there is at hand is a promissory note in the form of yet more executive actions to inspire big pharma in "reducing patient out-of-pocket spending", "creating incentives to lower list prices", "increasing competition" and "better negotiation" according to Health & Human Services.
~~ Trump pleases insurers, angers Democrats with drug-pricing plan ~~
Of course, Trump left out of his 'talk' today that Bush's Medicare Part D Pharma give away forbids price negotiations making all of his promises moot on that huge part of the equation since there is no plan for any legislation for the proposed negotiation process let alone ability to negotiate prices. He went so far as to claim (read that as bluster and lie), "...Trump said his proposal would give Medicare "new tools to negotiate lower prices".... ~ibid~
Snake Oil for your ills anyone????
Right now, I see more talk and empty promises. He even threatens other countries that negotiate lower costs. It seems, as usual, big pharm wins
I see no reason why Medicare can’t negotiate lower prices with drug companies....None
We should DEMAND that we pay the same low prices other countries pay
Other than politicians are in the pockets of drug companies
This is not partisan
Bush 43 failed to do it in Medicare Part D
Obama failed to do it in Obamacare
Now Trump is passing on the opportunity
They hate anything aimed at benefiting REAL Americans.
This dude is such a badass...he’s always looking to piss the Left off...haha
I wonder how many good, REAL Americans are offended by ‘American Patients First’?
Trump promises to ‘derail the gravy train’ and lower drug prices in ‘American Patients First’ plan
He delivered plenty, but if you keep watching PeeNN for your news, you''ll never know it.
The real fake news is fox news all propaganda.The idiot in the oval office hasn't done a dam thing he's a coward.
Well then I guess I'm seeing the fake news in my paycheck every two weeks. I guess my tax preparer is going to prepare her clients taxes next year with fake news. I guess the likelihood of denuclearizing NK is fake news. I guess the most recent capture of five top ISIS members is fake news. I guess defeating them in Iraq is fake news. I guess the lowest unemployment rate in history for black workers is fake news. I guess the release of three NK American prisoners is fake news. Any other fake news you'd like me to tell you about?
The tax cut is exactly hurting the economy.The lowest unemployment rate for blacks is a lie.The so called mr.trump has lied 3,000 times and he's a criminal may i keep going.
“Something I’m very proud of: African American unemployment stands at the lowest rate ever recorded. And Hispanic American unemployment has also reached the lowest levels in history,” President Trump said Tuesday.
He’s right on black unemployment but not quite right on the rate for Latinos.
The Bureau of Labor Statistics reported last month that the unemployment rate for blacks dropped to 6.8% in December, the lowest since the government began tracking the figure in 1972.
Fact check: Black unemployment rate is at a record low; Latino rate is close
Is the LA Times left enough for you to believe it's true?
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North Carolina officer chokes, slams man at a Waffle House after prom
Trump's Black unemployment claims don't tell whole story
- Charles Ellison Tribune Washington Correspondent
- 7 hrs ago
- 0
For Blacks between the ages of 16 and 19, the labor participation rate is actually 29 percent, which means more than 70 percent of young African Americans are not participating in the labor force. — AP Photo
Johann Calhoun Tribune News Editor
Washington was abuzz with chatter and concerns over President Trump’s moves on Iran and North Korea.
But White House officials and allies spent much of the week quietly touting lower unemployment numbers as a sign of Trump administration achievements on the economic front.
Of some particular significance were Black unemployment numbers: while still nearly double the national official Bureau of Labor Statistics average of 3.9 percent, jobless claims by African Americans are now down to 6.6 percent, more than 1 percent less than what it was in January.
Faced with challenging Congressional midterm prospects, Republicans were quick to point out the latest Black unemployment numbers as proof that signature legislative items such as tax reform were working.
Yet, even as the economy added 164,000 jobs, that number was below economist expectations or hopes for a more dramatic upswing. Other analysts openly worried that wage growth was stubbornly flat as the annual rate of pay increases stood flat at 2.6 percent.
There were also skeptics on the declining Black jobless numbers. National Urban League president Marc Morial, who was in Washington that same week releasing the latest annual State of Black America report, was quick to point out that the Black jobless rate was not only double that of the overall jobless data, but still very much behind white, Asian and even Latino jobless rates.
It’s an indication, said Morial, that “there is implicit and explicit bias in the labor market.”
That underscored a major theme touched on throughout the week as the NUL held its annual policy convening.
Observers expressed particular anxiety over how much the increasingly digitized marketplace would impact Black workers and families struggling to keep up.
“Jobs are going to disappear. Certain types of jobs are going to disappear, and new jobs are going to emerge,” Morial said.
Creative Investment Research’s William Cunningham, however, expressed mixed optimism.
“Bottom line is that this economy is strong, one of the strongest we’ve seen,” Cunningham said. “Black unemployment is at a historic low. Of course, many of these are low wage jobs in food service, but some are in high skilled areas like construction.”
Since the dawn of the Trump administration, analysts have wrangled over the precise dimensions of the Black unemployment rate.
While the latest BLS numbers might show a substantial decrease (that rate was about 6.9 percent as reported in April), that’s not counting the labor participation rate — the number of people employed and the number actively looking for work.
A Tribune analysis of labor participation rates, those have declined from nearly 68 percent in 2000 to just 62.8 percent in 2018.
White labor participation matches national averages; for white males 20 years and over, it’s over 72 percent.
But for African Americans, the labor participation rate is 61.9 percent — slightly lower than the national average and way below the white participation rate.
Even the Latino participation rate, at 66.4 percent, and the Asian participation rate, at 63 percent, are much higher.
Hence, nearly 40 percent of African Americans able to work are on some level not participating in the labor market with many out of work or not actively seeking work due to a variety of circumstances.
Black workers account for just over 12 percent of the national labor force, proportional to their official population count.
They are over 10 percent of the labor force in Pennsylvania. But the growth of their participation in that market continues to be slow. “Although Blacks’ labor force growth rate is not as rapid as in past decades, their share of the labor force has increased from 9.9 percent in 1976 to 12.3 percent in 2016,” notes BLS economists Emily Rolen and Mitra Toossi.
“This increase is expected to continue, reaching a projected 12.7 percent by 2026.”
Cunningham points out the lowered participation rate may be a sign of people taking time off before looking for a new job. But there are signs suggesting the official Black unemployment rate could understated.
Typical BLS unemployment tallies don’t included the so-called “U-6 rate” that measures three types of discouraged workers: short-term, those on the margins of the workforce and those forced to work part time. Once those latter factors are counted, the national unemployment average, in its complete assessment, is nearly 22 percent.
According to Tribune analysis of BLS and Federal Reserve data, it has been hovering over 20 percent since 2010.
If the national unemployment rate is actually near 22 percent, the real Black unemployment rate is over 36 percent.
In Philadelphia, the official BLS unemployment rate is 5.3 percent for April 2018; however, if other factors were assessed outside the BLS official rate, overall unemployment in the city may actually be near 30 percent. That would make the real or “U-6” Black unemployment rate somewhere near half.
For Black men and women who are 16-19 years of age, the labor participation rate is actually 29 percent, which means more than 70 percent of young African Americans are not participating in the labor force.
That’s compared to nearly 40 percent of whites in the same age group.
Gov't pays for a good deal of the R&D......I’ll believe it when I see it
Why doesn’t Trump force the drug companies to negotiate prices like other countries do?
Seems mostly rhetoric
I didn't read the article because you have to be a subscriber. However I've had this discussion with my cousin who is a retired research doctor and yes, very liberal.
Much of the cost of drugs are because of government, so it would seem sensible to look at government to lower the cost.
My cousin sent me an article years ago from a drug manufacturers prospective. It takes anywhere from three to ten years of testing and government paperwork to get a new drug to the market. Then it has to get FDA approval. This costs hundreds of millions of dollars.
So what happens after all these years of money spending and the FDA doesn't approve of the drug for market? They transfer those losses to their other products and those existing prescriptions go up in price.
So government is the first step into lowering drug costs.
They take tax deductions on remaining R and D costs.
USA is the only Nation prevented by law, from negotiating bulk discounts for drug price....thanks to republicans......
