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Sat Oct 10, 2020, 02:16 PM

Trump has the worst job losses on record heading into the election

The one thing Fox News and many business channels push is the fiction that Republican presidents are better for the economy.

https://www.mercurynews.com/2020/10/02/trump-has-the-worst-job-losses-on-record-heading-into-the-election/

Heading into the November election, the US jobs recovery is running out of steam.

The economy added 661,000 jobs in September, the Bureau of Labor Statistics said Friday. The unemployment rate stood at 7.9%.

This is the highest the unemployment rate has been ahead of a presidential election since the government started tracking the monthly rate in 1948.

In 2012, when the country re-elected President Barack Obama, the pre-election unemployment rate was initially also reported at 7.9%, before getting revised down to 7.8%.

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