Are they just insane? Why do the American People overwhelmingly think the economy is doing poorly?

[Celerity]

54. Black Americans are more likely to be working than white Americans for the first time on record

https://www.businessinsider.com/black-white-employment-population-ratio-unemployment-rate-racial-inequality-jobs-2023-4

Apr 7, 2023, 9:16 PM CEST

For the first time since at least 1972, Black Americans are more likely to be employed than their white peers. That's according to new job market data from the Bureau of Labor Statistics. The Black employment-population ratio climbed from 59.8% in February to 60.9% in March. The white employment-population ratio climbed from 60.1% in February to 60.2% in March.




As seen in the above chart the white employment-population ratio has been higher than the Black employment-population ratio in every month since the BLS started measuring both ratios in January 1972, until now. The employment-population ratio measures the share of a group that has a job, meaning that for the first time on record, Black Americans are more likely to currently be working than white Americans.

Additionally, the unemployment rate for Black Americans fell by 0.7 percentage points to 5.0% in March, the lowest rate on record, according to Black unemployment data starting in 1972.

Despite these records, Friday's report did show that the overall US labor market has been slowing down from its recent rapid growth. The US added 236,000 nonfarm payrolls in March, just shy of the median forecast of 239,000 from economists. It was also below February's gains, which was 326,000, according to a recent revision noted in Friday's report, as well as January's revised job gain of 472,000.

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