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Larry Kudlow on Jobs

 

 


Fact check: unemployment fell to lowest rate of 3.5%

Kudlow claimed that the economy "was rebuilt in three years," saying, "Unemployment fell to the lowest rate of 3.5 percent." However, as good as that number was, the rate was already at 4.7 percent when Trump took office. In fact, Obama presided over a much steeper drop in unemployment in his second term, a 3.3-point drop in the rate, than Trump did in his first three years, a decline of 1.2 points. The numbers under Trump appear to be the continuation of a trend, not something new.
Source: NBC News Fact-Check on 2020 Republican Convention speech , Aug 25, 2020

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Page last updated: Oct 11, 2020