My economic plan will create 7 million more jobs than his in four years.

Biden was quoting Moody’s Analytics recently published forecast that indicated he would produce significantly faster job growth compared to Trump

Economic-research firm Moody’s Analytics recently forecasted that Democratic presidential candidate Joe Biden would produce quicker job growth and higher wages for workers compared to President Donald Trump. According to the report, Biden’s proposals would lead to 18.6 million new jobs during his first term, with the average American’s income increasing by $4,800.

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.

Reference links

BBC

supports

Intelligencer

supports

Business Insider

supports

Have a question or correction on one of our fact-checks?

If you think a claim has been misjudged or requires correction, please send us evidence to support your error claim. We will revisit our evidence and verdict and conduct additional research to verify new information.

Fact Check of the Day

false

The BBC censored the crowd booing Boris Johnson at the Queen’s Platinum Jubilee celebrations.