"In Obama's final three years as president, more jobs were created, a million and a half more jobs, than in the first three years of your presidency." Wallace was echoing one of the Biden campaign's favorite talking points.
Rather than an economic shortcoming, this shortage was a result of the Trump economy "Booming," producing job openings so abundant that they exceeded the number of people looking for work - by a lot.
By contrast, once Trump cut taxes and slashed regulations in 2017, business growth accelerated, and business owners identified "Finding qualified workers" as the most pressing problem they faced.
For the eight years of the Obama-Biden administration, there wasn't a single month when job openings exceeded the number of people unemployed.
With wages rising, people started coming out of the woodwork to fill those abundant good-paying job openings.
During Biden's eight years in office, the labor force participation rate - the share of people working or actively looking for work - dropped from 65.7 to 62.8 percent.
Before a once-in-a-generation pandemic decimated the whole global economy, Trump took the weakest economic recovery since the Great Depression and turned it into the strongest labor market in modern times, maybe ever.
https://nypost.com/2020/10/01/unpacking-joe-bidens-lies-about-the-trump-job-creation-miracle/
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