Trump’s economy is working for minorities

While Trump’s tweets may be hurting him among minorities, the economy is no doubt helping. As the president is fond of pointing out, unemployment rates among African Americans, Hispanics and Asians are all at historic lows (though it should be noted that data on Asian unemployment rates dates to only 2000).

Just as important, the unemployment gaps between both blacks and whites as well as Hispanics and whites have reached all-time lows. It’s not just that the job market has been good: For minorities, it has been historically good.

This pattern is not uncommon during economic expansions. The longer a tight labor market persists, the more willing employers become to consider applicants they once would have passed over. Social networks between employers and marginalized communities strengthen, and companies get better at attracting and retaining minority workers.

As opportunities for racial minorities grow, wages rise faster as well. Over the past 12 months, wage gains for nonwhites have been not only substantially higher than those of whites, but also higher than economists’ estimates of inflation plus productivity. That implies that minority workers are getting a greater share of GDP.