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

You can't have a good job without a healthy business

Q: So, what is waiting for unemployed people on the other side of this? I don't see how it can be just weeks.

KUDLOW: It could be four weeks; it could be eight weeks. I say that hopefully, and I say that prayerfully. That's what some of the science experts are telling us. I don't know if they'll be right.

You can't have a good job unless you have a healthy business. And what we've tried to do is to provide tremendous, tremendous assistance to the individual men and women, and therefore, on the other side, tremendous assistance to the small businesses for which they work. We're trying to balance this out.

We've got a $6.2 trillion assistance package. We're trying to keep folks working. And we're also protecting payrolls.

Source: ABC This Week 2020 interview of Trump Cabinet , Mar 29, 2020

Boost in unemployment insurance won't go on forever

Q: Do you worry that assistance has people making more money to stay home than they would be making on the job?

KUDLOW: We have to do whatever it takes to keep people going. That's #1, just daily living expenses and so forth. #2, we did plus up the unemployment insurance. The package is designed for four months. It's not going to go on forever. We are dependent on the state of the virus and whether it's flattening out and going to hook down. But it is not something that's going to go on for years.

Source: Fox News Sunday interview of Trump Cabinet , Mar 29, 2020

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Page last updated: Aug 31, 2021