President Trump on Friday celebrated summer youth unemployment reaching the lowest rate since 1966.

“Just announced, youth unemployment is at a 50 year low!” Trump tweeted Friday morning.



Just announced, youth unemployment is at a 50 year low! @foxandfriends — Donald J. Trump (@realDonaldTrump) August 17, 2018

The Bureau of Labor statistics reported Thursday that the youth unemployment rate was 9.2 percent in July 2018. The number signified the lowest summer youth unemployment rate since 1966.

The youth labor force consists of 16 to 24-year-old who are seeking work. The youth workforce swells each summer as high school and college students seek summer jobs, and new college graduates pursue permanent employment.

But youth aren’t the only ones who have been help by the strength of the economy as the recovery stretches into its ninth year. The continued expansion has provided additional employment opportunities for minorities in the labor market.

Trump has often touted that black and Hispanic unemployment have touched record lows in recent months. Hispanic unemployment fell to 4.4 percent in May, and black unemployment hit 5.9 percent in the same month, both the lowest recorded.