Economy and jobs
1,152 claims on this topic checked by other fact-checking organisations. Topics are sorted by the words in each claim and cover English-language checks.
“The last guy had the worst jobs record since the Great Depression. Our record is a little different," including a chart that showed a monthly average loss of 57,000 jobs under Donald Trump and an average gain of 409,000 under Biden.”
FactCheck.org says: Employment under Trump was positive until the economy lost 20.5 million jobs in April 2020, as efforts to slow the spread of the novel coronavirus led to business closures and layoffs.
“Inflation has been at the pre-pandemic level of 2% over the last half year.”
PolitiFact says: Using two main inflation metrics, the U.S. inflation rate has ranged from 2.6% to 3% over the past six months. The White House said it’s referring to a different calculation that's less familiar to the public.
“Entire GDP of Pakistan inside that donation box at Ram Mandir, Ayodhya”
“Nirmala Sitharaman held a press conference & a journalist asked a question about the budget. She went arrogant. Look at blood-boiling expressions. A neutral media would rip this govt apart into pieces for this. #Budget2024”
“In April last year, our state unemployment rate hit a record low of 2.4%. Last year, Wisconsin had an all-time lowest number of unemployed workers ever in modern history.”
“Marshall and their local distributor Beyond The Box are selling earbuds at a heavily discounted price.”
“The Land Bank of the Philippines is offering a new scholarship program this year.”
“Those cars are all going to be made in China. … There’s no such thing as fair transition that destroys over 100,000 auto manufacturing jobs.”
Washington Post says: With the investments made by Biden experts expect jobs to be saved and made in the USA
“Tens of thousands of auto jobs were lost nationwide during Trump's presidency,” but during Biden’s presidency, “we've created more than 250,000 auto jobs.”
PolitiFact says: Biden's right if you count both auto manufacturing jobs and positions with auto and parts dealers. Counting only manufacturing jobs, his claim falls short.
“There are a thousand billionaires now and you know what their average tax rate is? 8%.”
“Huge crowds recently gathered in Beijing to protest against an economic crisis in China”
“We had the best unemployment rates ever. And they were real unemployment, not like you have today where nobody’s working and they consider it to be.”
Washington Post says: There's been no change in the way the unemployment rate is calculated
“Look, folks, you know how many billionaires we have in America today? One thousand. You know what their average federal tax rate is? Federal tax rate is 8.5 percent.”
Washington Post says: The math mostly adds up but Biden is assuming income not currently counted for tax purposes
“U.S. tax dollars “have gone to promote transgenderism in Bangladesh.”
PolitiFact says: The Bangladeshi population has long included communities of people who identify as "third-gender." Since 2018, U.S. foreign aid has gone to local nongovernmental organizations that work with the LGBTQ+ community.
“We had no inflation" during the Trump administration.”
PolitiFact says: Inflation was low under Trump, but at no point did the Department of Labor’s Consumer Price Index record "no inflation."
“Why is it that (Florida) is named the American hotspot for inflation? Why is it that his state is now known to have the highest cost of living increases?”
PolitiFact says: The federal government doesn’t collect inflation data by state. But it does collect it for a range of metropolitan areas, and the two Florida metro areas tracked in this way currently have high inflation.
“Before the Aragalaya Gas Prices of Sri Lanka Low and After Aragalaya,Prices Increased !!”
“Share of states in the GDP of Bharat ~ here are the top five: Maharashtra ~ 15.7% Uttar Pradesh ~ 9.2% Tamilnadu ~ 9.1% Gujarat ~ 8.2% West Bengal ~ 7.5%”
“Under the Trump administration's trade deal, “China's only fulfilled one-third of the promises of agricultural products that they were supposed to buy from our farmers.”
PolitiFact says: By conventional calculations, China met 83% of its commitment for agricultural purchases. Christie offered an alternative calculation that doesn’t credit China for the purchases it was already making in 2017.