The first black billionaire Robert Johnson, a registered Democrat praised Donald Trump for getting African Americans into the workforce.
The growing U.S. economy and improving business environment is bringing black workers back into the labor force, BET founder Robert Johnson told CNBC on Friday.
Johnson,Â the nation’s first black billionaire, spoke before Friday’sÂ jobs report, which showed nonfarm payrolls rose 103,000 in March, falling well short of the 193,000 gain economist were expecting.
In January, the Labor DepartmentÂ reportedÂ the unemployment rate among black workers was at its lowest since at least the early 1970s, when the government began tracking the data. The unemployment rate for black Americans spiked in January and then fell in February. The rate was unchanged in March at 6.9 percent.
“When you look at that [January report], you have to say something is going right,” said Johnson, a Democrat and founder and chairman of The RLJ Cos.
“You have to take encouragement from what’s happening in the labor force and the job market,” Johnson told “Squawk Box.” “When you look at African-American unemployment, … you’ve never had African-American unemployment this low and the spread between African-Americans and whites narrowing.”
Johnson said that means the jobs market is “soliciting employees who have been out of the labor force, some of it based on discrimination, some of it based on changes in education, access and technology changes.”
He also said the economy is on a strong path
Additionally, the business environment in the U.S. is also good, Johnson said. “I believe if you take into account the Trump tax cut, you take into account the drop in unemployment, … and you take into account that interest rates are fairly stable” the economy is going to grow, he said.
“I believe the economy is on a strong growth path,” he added.
I would hope that the Mainstream Media would cover this as much as they do the Russiagate nonsense. This once again proves that Donald Trump is making life significantly better for African Americans.
One thing Johnson didn’t mention was Trump’s immigration policies. Out of the entirety of Donald Trump’s platform, his immigration policies are the best at helping African Americans not only obtain work but to gather higher wages. This is only the beginning for the help Donald Trump is bringing to the African American community.