Biden was quoting Moody’s Analytics recently published forecast that indicated he would produce significantly faster job growth compared to Trump
Meanwhile, Trump’s policies would lead to an increase of 11.2 million new jobs by 2025, with minimal real income gain for average households. The unemployment rate would drop below 4% in late 2022 in a Biden presidency, while under Trump, that would occur in the first half of 2024, the report stated.
"The economy suffers in Trump’s second term, as we expect he will double down on the foreign trade and immigration policies he pursued in his first term," according to the report. It also claims a Democratic sweep is better for the U.S. than any other scenario in every possible category.
Moody's is a reputable forecaster, but growth predictions are never foolproof.