The American economist Stephen Moore said on Sunday, Sept. 6, that the last four months have been “the most important four months of job creation” in U.S.’s history.
“May, June, July, and August have been the four most important months of job creation in U.S. history. We’ve recovered more than 10 million jobs in four months,” Moore said on John Catsimatidis’s WABC 770 AM show.
As the Boston Herald noted, of the 22 million jobs lost due to the CCP Virus pandemic, less than 50 percent have been recovered. More than 29 million people have received some form of unemployment benefit since mid-August. That number includes millions of self-employed and gig workers not included in the monthly payroll count.
According to the Department of Labor, the economy is projected to add 6 million new jobs between 2020 and 2029.
The Department reported Friday that the United States added 1.4 million jobs in August and the unemployment rate declined to 8.4 percent from 10.2 percent in July.
The Bureau of Labor Statistics expects economic growth to slow to an annual rate of 1.8 percent from 2.3 percent a decade earlier, which marked the longest economic expansion on record until it ended in February due to the CCP Virus pandemic.
However, the unemployment rate remains higher than in January, and the economic recovery has proven to be contingent on the scale of the virus being high, according to The Hill.
Moore also said to the Boston Herald that President Trump “is going to win a larger percentage of the black vote in America than any Republican in 50 years” because of his stance on the economy and public safety.
According to the economist, President Trump won 11 percent of the black vote in 2016, and he would not be surprised if he were to get more than 25 percent of the black vote on this occasion.
“You can write that down,” Moore said, “and the reason is that Donald Trump is a job creator. And Donald Trump is someone who believes in public safety … and keeping business open,” Moore added.