Data from the Statista Organization show that the African-American unemployment rate decreased from 16% in 2010 to 7.5% in 2017. The overall national unemployment rate was 4.4% in 2017. Consultoria believes that better conditions to attract companies may be the reason for the decline.
Statistic of the Statista Organization released in July this year show a decline in African American unemployment rate between 1990 and 2017. The percentage dropped from 16% in 2010 to 7.5% in 2017. For this year, experts believe that the this community’s unemployment level will be below 6%. the attraction policy of companies through tax benefits adopted by President Trump can justify the general decrease in unemployment.
It’s the which accredits the Oxford Group, US Investment Advisory, directed by Brazilian and Economist Carlo Barbieri for over 30 years in the American market. According to Barbieri, the economic policies and tax advantages designed by the President Trump has been attracting more and more foreign companies, including Brazilian ones, to the USA.
“We detected this year, an increase of more than 40% of Brazilian companies looking to internationalize to the US. Changes in tax regulations companies are attracting a large volume of new foreign entrepreneurs and also bringing back American companies that have moved abroad to avoid being taxed on profits made outside the US. This without a doubt is the math for reducing the unemployment rate in the US”, says Carlo Barbieri.
Second the economist, new trade agreements drafted by President Donald Trump and the action of canceling multilateral agreements that were always uninteresting for the US impacted the American market. In addition, the new restrictions to prevent illegal immigration and encourage qualified and better immigration pay has created the ideal scenario for increased purchasing power and growth of the economy.
“The outlook with these and other factors is that the US will grow at a rate of over 3% for at least the next three years. Many sectors will receive substantial investments – infrastructure, for example, is expected to receive an investment of more than $US 1 trillion in the next ten years. Positive news for entrepreneurs who want to internationalize their companies”, he says Carlo Barbieri.
With nearly 30 years of experience in the United States, Carlo Barbiei is President of the Oxford USA Group. Consultant, journalist, political analyst, speaker and educator. Founding member and first president of the Brazilian Business Group, founding member and president of the Brazil Club, and board member of the Deerfield Chamber of Commerce. Graduated in Economics and Law with more than 60 specialization courses in Brazil and abroad. These courses are held at various institutions, such as: Fundação Getúlio Vargas, Federal University of Brasília, Mackenzie University, Sorbonne, University of Chicago Harvard and Massachusetts Institute of Technology (MIT).