Here are some facts we checked out Thursday night.
Among them: “More than 50 million people have applied for unemployment this year,” Biden said.
Another 15 million people applied under the Temporary Unemployment Assistance Program for Pandemic, which Congress created at the end of March as part of its $ 2 billion coronavirus relief package. It broadens the country’s unemployment program to those who do not normally qualify, including freelancers, performers, independent and self-employed contractors. It is also open to certain people who have lost their jobs due to the coronavirus, including those who have to stay home because their children’s schools have been closed.
However, this is not equal to the number of people who are unemployed or receiving benefits. Some fired workers probably applied more than once and others may have turned down their claims because they did not meet the qualifications.
Small businesses
During his speech, Biden claimed that nearly 17% of small businesses were closed this year.
Facts first: That may be right, but we do not know if the closures are permanent.
There is little real-time data on closing small businesses because they do not regularly file for bankruptcy if they close their doors. The closure orders from the state and the city have forced many small businesses to close for weeks or not months this week. Even some of the owners who have reopened may not know if they can stay afloat as they struggle to get customers back and continue the pandemic.
A Biden campaign spokesman Michael Gwin told CNN that it took the average of the two studies
Discuss
New Jersey senator Cory Booker has blamed Trump for praising the economy at a time when the pandemic has claimed the lives of many Americans.
“Last week, Donald Trump said, and I quote, ‘Our economy is doing well,’ while 40 million Americans are at risk of losing their homes, 30 million are not getting enough to eat and 5.4 million people are losing their health care. “because of this crisis,” Booker said Thursday night.
About 44.7 million adults missed out on last month’s rent or mortgage loan or trust that their household can pay next month’s rent on time, according to the most recent census survey of household censuses, conducted between July 16 and July 21. This is 26.5% of American adults.
29.3 million adults – or 12.1% – were also in households where the past seven days sometimes or often were not enough to eat, the census survey found.
Bloomberg
During his speech, Michael Bloomberg made three economic demands, as opposed to the administrations of Donald Trump and Barack Obama.
“Biden and Obama have created more jobs over the past three years than the Trump administration has done over their first three,” Bloomberg said, adding later that “Biden has helped save one million jobs in the automotive industry. Trump has lost 250,000 manufacturing jobs. ”
Facts first: Bloomberg is right about all three claims, although the loss of jobs arose after the coronavirus pandemic.
Before the coronavirus pandemic hit the US, manufacturing work increased. As of July, they have already started bouncing back from their low point in April.