This article originally appeared on Fox Business on October 23, 2020.
In an unabashedly obvious attempt to avoid addressing the Hunter Biden scandal, Biden spokesman Andrew Bates issued a statement Wednesday with the absurd claim that President Trump is “the worst jobs president since the Great Depression.”
When it comes to altered reality, it must be nice to be on the Biden campaign team.
Let’s look at President Trump’s jobs record.
In 2019, prior to the coronavirus pandemic hitting our shores from China, the labor market was the strongest in modern times, and perhaps ever.
For example:
1. At nearly 159 million, we had the largest number of Americans employed ever. Period.
2. At 3.5%, we had the lowest unemployment rate in 50 years and hit record or near record lows for Blacks, Hispanics, Asians, women, people with only a high school education, the handicapped, and veterans.
3. Every month of 2019 experienced 3 percent or better yearly wage growth, something that hadn’t happened since 2008 (the year before Biden assumed office as Vice-President).
4. Every month of 2019 saw more job openings than people unemployed, most with over 1 million more job openings than people unemployed. Prior to the Trump presidency, no president had even a single month where job openings exceeded people unemployed since the government began reporting the data in 2000.
5. With more jobs, higher wages, and a shortage of workers, people started coming out of the woodwork to take those jobs. In the fourth quarter of 2019, 74.2% of workers who found jobs came from out of the labor force rather than the ranks of the unemployed, the highest share since 1990 when the government began reporting the data.
6. As a result, with more people working for higher wages, median family income rose 6.8%, the largest one year increase on record going back to 1967, and rose to a record high of $68,700.
7. The poverty rate decreased 1.3 percentage points, the largest decrease on record going back 60 years to 1959, and hit a new all-time low of 10.5 percent.
8. Finally, income inequality decreased for the second year in a row.
Seriously – the worst jobs president since the Great Depression?? What planet are these people living on?
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