"Home ownership is at its lowest rate in 51 years...58 percent of African-American youth are either outside the labor force or not employed...Meanwhile, American households are earning more than $4,000 less today than they were sixteen years ago," he said in Detroit.
Let's look at these one at a time:
On home ownership at its lowest level in half a century:
Some 62.9% of Americans owned a home in the second quarter of 2016, according to the latest figures from the U.S. Census Bureau. The rate hasn't been that low since the third quarter of 1965. The share of Americans owning homes peaked in the fourth quarter of 2004 at 69,2% and has declined since. We rate this claim as TRUE.
On 58% of young African-Americans being either outside the labor force or unemployed:
Trump has used this line before, often saying 58% of African-American youth have no job. The figure is likely extrapolated from the employment-population ratio, which shows that 42.7% of blacks ages 16 to 24 had a job in July. But that doesn't mean that the rest -- or 57.3% -- were unemployed. To be considered unemployed, one has to be looking for a job. Those in school or not looking for work are not included in the labor force. So Trump's statement is technically true, but it's misleading because many young Americans don't have jobs. Only 49% of all Americans age 16 to 24 are employed. We rate this claim TRUE, BUT MISLEADING.
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