Minorities account for more than half of all new jobs created during the Trump Presidency

See A Tale of Two Economies: Trump’s policies are helping workers more than Obama’s did. WSJ editorial. Excerpts:

"Start with Mr. Booker’s claim that minorities are being left behind. Really? The jobless rate for blacks is 6.2%, which is only 2.9 percentage-points higher than for whites versus a 4.6 percentage-point difference before the start of the 2008 recession. Unemployment has fallen twice as much among blacks as whites since December 2016.

Nearly one million more blacks and two million more Hispanics are employed than when Barack Obama left office, and minorities account for more than half of all new jobs created during the Trump Presidency. Unemployment among black women has hovered near 5% for the last six months, the lowest since 1972, and a mere 3.5% of high school graduates are unemployed.

But what about Senator Harris’s assertion that folks are stringing together jobs to make ends meet? About 5% of Americans hold more than one job, and this rate has held relatively constant since 2010. Yet there are now 1.3 million fewer Americans working part-time for economic reasons than at the end of the Obama Presidency.

A tighter job market is also pushing up wages for the average Cory or Kamala. Average hourly earnings for production-level manufacturing workers have grown at an annual rate of 2.8% during the Trump Presidency compared to 1.9% during Barack Obama’s second term. Production-level manufacturing wages have accelerated even faster in Pennsylvania, Michigan and Indiana. (See the nearby chart.)

While parts of Appalachia continue to struggle from a decline in coal mining, shale-gas drilling has created thousands of jobs including downstream in pipeline construction and petrochemicals—all of which Democrats want to kill. Private worker wage growth in West Virginia has averaged 5.1% annually during the Trump Presidency versus 1.2% in the second Obama term."

"And here is the great paradox of the Barack Obama economy. The Federal Reserve’s bond purchases and near-zero interest rates for eight years drove up asset values and let corporations borrow cheaply while the Administration’s punishing regulations bred business uncertainty that depressed investment in human and physical capital. Those with financial assets prospered more than middle-class wage earners. The Obama Democrats talked constantly about inequality rather than growth, and the result was less growth and more inequality."