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.
“Gasoline prices are now $5, $6, $7 and even $8 a gallon.”
PolitiFact says: Although some stations are charging $5 to $7 a gallon, about 99.2% of U.S. gas stations are selling gasoline for less than $5 a gallon, GasBuddy.com data shows. Not one is charging $8.
“General Shavendra Silva and his wife travelled on a private jet, spending public money during a time of economic crisis in Sri Lanka !!”
“Subpoenaed bank records that show Hunter Biden’s business entity, Owasco PC, made direct monthly payments to Joe Biden.”
FactCheck.org says: Hunter Biden’s attorney said the payments — which totaled a little over $4,000 — simply reflect Hunter Biden repaying his father, who bought him a truck while Hunter was in the throes of drug and alcohol addiction.
“Nikki Haley “raised taxes.”
PolitiFact says: As South Carolina governor, Haley supported tax swaps.
“Record low unemployment — 21 straight months of unemployment below 4%.”
FactCheck.org says: The rate was below 4% for 27 straight months from late 1967 to early 1970, and for 35 straight months from 1951 to 1953.
“The donations contributed to the AFBCWF bank account of the Indian Army will be utilized to purchase weapons for the army and paramilitary forces”
FACTLY says: The donations contributed to AFBCWF, run by the Indian Army for the Ministry of Defence, are utilized to pay financial assistance or grant to the families of soldiers who were injured or died during military operations.…
“The new Inflation Reduction Act has just been updated to give Americans making less than $50,000 per year up to $6,400 in subsidies every single month.”
PolitiFact says: The U.S. government has not updated the Inflation Reduction Act, a 2022 law, to give Americans $6,400 in monthly subsidies. The link included with the post is not affiliated with the federal government.
“Labor cut $3.2 billion from the foreign aid budget, which was later put back in”
RMIT ABC Fact Check says: Senator Birmingham's claim is fanciful. The senator argues that $3.2 billion of foreign aid spending was "left in the budget" by the Coalition, but the reality is more uncertain. Labor's alleged $3.2 billion "cut" — whi…
“Scammers can access personal and bank details through missed calls from unknown international numbers. Dialling #90 and #09 codes on phone will allow scammers to access individual’s SIM card details”
FACTLY says: The post highlights the ‘One-Ring’ phone scam, where scammers exploit the opportunity to collect commissions from high international rates or connection fees imposed on individuals for making international calls. Howeve…
“He’s done it again! Mr. Pallywood (aka #MrFAFO) has turned up in…Qatar. After posing in a dozen different jobs, adopting all the orphans in Gaza, dying and coming back to life more times than I can count, he is now living his best life in Qatar.”
“Social Media Posts Requesting Customer Details To Create Online Bank Accounts in Sri Lanka!”
“Video shows Black Friday shoppers “in Biden’s thriving economy.”
PolitiFact says: Footage of a lone shopper entering a store on Black Friday was filmed in London in 2017.
“Because wages are rising, this Thanksgiving dinner is the fourth-cheapest ever as a percentage of average earnings.”
PolitiFact says: The statement squares with a comparison of median U.S. wages to Thanksgiving dinner costs as calculated by the American Farm Bureau Federation since 1986.
“The federal government and the Federal Reserve were “raising inflation,” something that “had nothing to do with … getting our economy back in line” but rather to fund a “war against a bunch of civilians.”
PolitiFact says: Hamas’ surprise terrorist attacks Oct. 7 precipitated the war in Gaza. These occurred on Hamas’ own timetable, and happened when inflation in the U.S. had cooled to near-the Fed’s 3% target level.
“Jim Justice “broke his pledge, raised the gas tax.”
PolitiFact says: Justice signed a gasoline tax increase in 2017, about six years before he signed a taxpayer protection pledge. He couldn’t have broken a pledge he hadn’t signed yet.
“A question about the Madhya Pradesh loan waiver scheme was posed on KBC”
FACTLY says: The original episode’s question was unrelated to the loan waiver scheme. The viral video is an edited one
“DSWD is offering unemployment assistance to Filipinos in exchange for answering a survey”
“Ron [DeSantis], you are the chair of your economic development agency that, as of last week, said Florida is the ideal place for Chinese businesses.”
FactCheck.org says: The agency was abolished in May. Its report cited by Haley was about three years old and the fact that it was still available on the website doesn’t necessarily mean that it reflects the agency’s current goals.
“BJP has promised to waive loans of up to Rs. 2 lakhs for farmers and self-help groups in Chhattisgarh”
FACTLY says: The BJP’s manifesto for the Chhattisgarh Assembly elections does not incorporate a loan waiver scheme for farmers or self-help groups