FACT-CHECK: One analysis of the Clinton-era North American Free Trade Agreement (NAFTA) found that about 851,700 U.S. jobs were displaced by the U.S. trade deficit with Mexico between 1993 (shortly before NAFTA was implemented) and 2014. That's a data point that was cited by Bernie Sanders during his 2016 campaign, when he frequently decried job losses due to NAFTA.
A 2014 study found that while NAFTA has caused about 203,000 jobs to be displaced by NAFTA-related imports annually, imports support 188,000 new jobs, leading to a net loss of only about 15,000 annually.
And the nonpartisan Congressional Research Service wrote in 2017 that "in reality, NAFTA did not cause the huge job losses feared by the critics... because trade with Canada & Mexico accounts for a small percentage of U.S. GDP."
The video features Warren Gunnels, the senator's top aide on the Senate budget committee. Trump said in the SOTU speech, "unemployment has reached the lowest rate in over half a century." The official unemployment rate dropped as low as 3.7% in November--marking the first time it had been that low since 1969.
In the "fact-check" video, Gunnels says "the real unemployment rate--which includes those who have given up looking for work and those who are working part time when they need a full-time job--is 8.1%, not 4%." Gunnels is referring to the U-6, an "alternative measure of labor underutilization." Gunnels is right that the U-6 rate is 8.1%. But this is what he doesn't tell his viewers: Under Trump, the U-6 rate had dropped to its lowest level in 17 years, the lowest since April 2001.
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The above quotations are from Fact-checking on 2019 Presidential and Gubernatorial campaigns.
Click here for other excerpts from Fact-checking on 2019 Presidential and Gubernatorial campaigns. Click here for other excerpts by Bernie Sanders. Click here for a profile of Bernie Sanders.
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