On Wednesday, November 15, 2023 at 8:00:57 AM UTC-8, bruce bowser wrote:
Trump's Final Numbers - The unemployment rate increased by 1.6 percentage points to 6.3%
Trump's Final Numbers
Fact Check.org - Oct 8, 2021
-- https://www.factcheck.org/2021/10/trumps-final-numbers/ ==================================
"The Biden administration is releasing a playbook on best practices for training workers as the low 3.8% unemployment rate and years of underinvestment have left manufacturers, construction firms and other employers with unfilled jobs."
As employers face labor shortages, Biden administration rolls out playbook for training workers
AP News - Nov 9, 2023
-- https://apnews.com/article/biden-worker-training-apprentice-d2a8dbefa5d5d70431e9cd7073b1baa0
That’s not fair because that higher rate under Trump was caused by Covid. It is impossible to quantify how much of that was caused by Trump’s incompetence and downplaying of the pandemic. But the truth is that the unemployment rate dropped
precipitously during the Obama administration and Trump rode that wave down a little more into the 3%+ range. Under Biden all the jobs lost during Covid were recovered and a lot more. Job growth has really been spectacular under Biden, considering the
Fed has been doing everything they can to cool the job market (I think there have been 11 or 12 consecutive rate increases without a reduction) in a panic to reduce the Trump inflation which peaked briefly at 9.1% in June of 2022.
All the major economic indicators have been by and large very good under Biden (especially under the circumstances) but the right (largely through Fox Fake News and similar outlets) has been very effective at conning the public to believe the contrary,
and the Biden administration has been AWFUL in their messaging with respect to getting the real economic story across.
--- SoupGate-Win32 v1.05
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