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Unemployment


Issue Summary
The Unemployment rate is often misunderstood. It represents the percentage of unemployed people divided by the total workforce population X 100. The number of Unemployed people are only counted if they are actively seeking work. This number is often understated since after 6 months they are no longer eligible to receive unemployment benefits and therefore not included. The key is to look at the unemployment rate in conjunction with the Labor Force Participation Rate, which is the amount of eligible workers working divided by the total available workforce. Notice in the charts, that under Obama the unemployment rate hit 10% and was slowly coming down, BUT at the same time the Labor Force Participation Rate also declined. That means that as people were coming off unemployment they were not being counted as working, essentially being deemed that they left the workforce. Which is not necessarily the case.
Unemployment - LaborChartsCombined.png

Liberal Position

Biden/Harris claim a solid jobs growth, despite some 800,000 downward adjustment of job creation in 2024 alone.

Biden/Harris focus on driving up Minimum wage and low wage jobs.  While many companies are cutting back their workforce, Harris claims that there will be new union jobs for the green energy segment

Conservative Position

When Trumps policies in his first term took hold, notice how the labor force participation rate reversed course and started to go up, until COVID.  Also, the Unemployment rate at the same time, was the lowest it has been before COVID and it has never gotten that low under Biden/Harris. 

Plus, new jobs created under Biden/Harris have been going mostly to foreign born workers. 

Trump plans to change the economy, as he did in 2017, to stimulate the economy to create new jobs and drive wage growth to get us back on track.  This will be done with a combination of tax incentives, tariffs on trade and a focus on domestic production. 

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