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.
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.
Over the last year, for example, real inflation accounted for wages for the average American worker is up by all of 1.2 percent--just $9.11 a week. In fact, real wages for that same worker are lower today than they were in 1973. Let me repeat. The average American worker, after adjusting for inflation, is earning less today than he or she did 46 years ago--despite huge increases in productivity. Sadly, millions of American workers today are forced to work 2 or 3 jobs just to pay the bills and to keep their heads above water economically.
And, let us never forget that, in America today, millions of our people are working for starvation wages--$8, $9, $10 an hour and here is the simple truth. Nobody can raise a family or pay the rent on these poverty wages.
Wages are rising at the fastest pace in decades, and growing for blue collar workers faster than anyone else. The economy is growing almost twice as fast today as when I took office, and we are considered far and away the hottest economy anywhere in the world.
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| 2020 Presidential contenders on Jobs: | |||
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Democrats running for President:
Sen.Michael Bennet (D-CO) V.P.Joe Biden (D-DE) Mayor Mike Bloomberg (I-NYC) Gov.Steve Bullock (D-MT) Mayor Pete Buttigieg (D-IN) Sen.Cory Booker (D-NJ) Secy.Julian Castro (D-TX) Gov.Lincoln Chafee (L-RI) Rep.John Delaney (D-MD) Rep.Tulsi Gabbard (D-HI) Sen.Amy Klobuchar (D-MN) Gov.Deval Patrick (D-MA) Sen.Bernie Sanders (I-VT) CEO Tom Steyer (D-CA) Sen.Elizabeth Warren (D-MA) Marianne Williamson (D-CA) CEO Andrew Yang (D-NY) 2020 Third Party Candidates: Rep.Justin Amash (L-MI) CEO Don Blankenship (C-WV) Gov.Lincoln Chafee (L-RI) Howie Hawkins (G-NY) Gov.Jesse Ventura (I-MN) |
Republicans running for President:
V.P.Mike Pence(R-IN) Pres.Donald Trump(R-NY) Rep.Joe Walsh (R-IL) Gov.Bill Weld(R-MA & L-NY) 2020 Withdrawn Democratic Candidates: Sen.Stacey Abrams (D-GA) Mayor Bill de Blasio (D-NYC) Sen.Kirsten Gillibrand (D-NY) Sen.Mike Gravel (D-AK) Sen.Kamala Harris (D-CA) Gov.John Hickenlooper (D-CO) Gov.Jay Inslee (D-WA) Mayor Wayne Messam (D-FL) Rep.Seth Moulton (D-MA) Rep.Beto O`Rourke (D-TX) Rep.Tim Ryan (D-CA) Adm.Joe Sestak (D-PA) Rep.Eric Swalwell (D-CA) | ||
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