What would Biden’s and Trump’s policies mean for unemployment?

The Millennial Source
6 min readOct 21, 2020

This appeared in The Millennial Source

With a new stimulus unlikely until after November’s presidential election, addressing US unemployment could be left to whoever occupies the White House in January.

Despite dropping from its astronomical heights reached in April 2020 as a result of the coronavirus pandemic, unemployment in the United States remains high, with millions of Americans out of work.

The latest figures from the Bureau of Labor Statistics show that some 7.9% of Americans remain unemployed as of September 2020, down from 14.7% in April.

Though joblessness has fallen, the economic recovery hailed by President Donald Trump as “leading the world” may be beginning to lag. Unemployment claims have begun to rise once more and the addition of new jobs to account for those millions lost as a result of the pandemic has also begun to slow down.

In the midst of all this, talks on additional economic stimulus are no closer to completion, with President Donald Trump himself taking a number of contradictory stances, at times signaling an end to negotiations only to then call for more stimulus than is being requested by Democrats.

With no further stimulus agreed by America’s politicians, it is likely that the economic recovery will fall apart into a protracted stagnation that will see unemployment remain in the millions.

The two presidential candidates vying for election in November both have radically different stances on the economy and its current recovery. Both present very different paths to resolving America’s current unemployment crisis, but both may have to contend with a virus that is still far from under control.

Coronavirus shock

Before the outbreak of the pandemic, President Donald Trump frequently boasted of his record on US unemployment figures, calling himself “the greatest jobs president that God ever created.”

While it is true that in December 2019, prior to the pandemic, US unemployment figures stood at 3.5%, a low last achieved in 1969, this record low was largely in line with a continued decline in unemployment since October 2009.