Quote:Not only are black Americans employed at record rates, but the number of black business owners is skyrocketing under President Donald Trump's economy.

Trump has been boasting about the decline in black unemployment since he took office. In fact, many minority worker groups have been thriving.

Minority communities aren't just finding jobs, they are creating jobs, too.

According to the Minority 2018 Small Businesses Report, the number of businesses owned by black business owners increased by 400 percent from 2017 to 2018.

The report gathered by Guidant Financial, 44 percent of those black-owned businesses have two or more employees, creating jobs for thousands of people.

It isn't just African Americans who are opening new businesses. In 2015, just 15 percent of businesses were minority-owned. Now, in 2018, 45 percent of businesses are minority-owned.

The state with the largest number of black entrepreneurs was Texas, which makes sense. Texas the second lowest corporate tax rate in the nation.