U.S. unemployment rate improves to 8% The two candidates debated for the presidential election September 5 at 10:06 a.m.
While President Trump stressed a V-shaped recovery in the U.S. unemployment rate last month from just over 10 percent to 8 percent, Democratic candidate Biden criticized the widening gap and the debate over the economic situation is fierce in the run-up to the presidential election.
Last month’s unemployment rate, announced by the U.S. Department of Labor, fell to 8.4 percent from 10.2 percent the previous month, better than market expectations.
On this, President Trump said, “I’m seeing the fastest job recovery in history, like the previous administration. This is a V-shaped recovery,” he said, appealing the effects of the administration’s employment measures.
In response, Democratic candidate Biden said, “The president’s failure is only worsening the economic gap. While the wealthy up are getting better, the middle class is going down.”
Mr Biden pointed out that the recovery was a so-called “K-shaped recovery” in which it becoming clear where the recovery was going well and where it was not, and indicated that he would take measures to improve the employment environment in the future.
In the U.S., the unemployment rate in April worsened to a post-war high of 14 percent due to the spread of the new coronavirus, and ale it has continued to improve since then, voters’ economic feeling is expected to be the focus of the November presidential election, and the debate between the two candidates over the economic situation is fierce.