Job Recovery Wiped Out Because Of Trump’s Failed Response
July 22, 2020
Yesterday, Trump justified slashing unemployment benefits by claiming he was creating jobs, but new data from the Census Bureau indicates that all of the job gains since mid-May have been wiped out after Trump’s failed response led to a resurgence in new cases.
Yesterday, Trump justified slashing unemployment benefits by claiming he had created a “tremendous number of jobs.”
TRUMP: “They’re thinking about doing 70 percent of the amount. The amount would be the same, but doing it in a little bit smaller initial amounts so that people are going to want to go back to work, as opposed to making so much money that they really don’t have to. But we were very generous with them. I think that it’s been a tremendously successful program. The whole thing has been successful, if you look. I mean, we have — we’re in a pandemic, and yet we’re producing tremendous number of jobs.”
Today, new Census Bureau data shows the number of employed people fell by four million last week, wiping out all the job gains since mid-May.
New York Times: “Data from the Census Bureau on Wednesday showed that the number of employed people fell by more than four million last week, the fourth-straight weekly decline. Taken literally, the results indicate that the economy has given up all the job gains since mid-May, before the recent surge in coronavirus cases.”