During Kevin Hassett’s latest appearance on Fox Business, the director of the National Economic Council got an earful from host Larry Kudlow about the state of the economy. (This was, incidentally, a rare instance in which the top economist in Donald Trump’s White House from his first term interviewed the top economist in Trump’s second term.)
This Video Is Trending Right Now →
As part of a rather animated pitch, Kudlow declared: “The unemployment rate is 4.3%, for heaven’s sakes! … That’s a boom, for God’s sake!”
Hassett nodded in agreement, before ultimately telling viewers that he, too, believes the United States has seen “an employment boom” since the president’s return to power.
There are a few things to keep in m ind about misguided boasts like these.
Right off the bat, while it’s true that a 4.3% unemployment rate is, in historical terms, quite low, it’s also true that when Trump returned to the White House in January 2025, the same jobless rate was 4%. In other words, nearly a year and a half after the Republican administration got to work implementing its economic agenda, the unemployment rate has gotten worse, not better, making this an awkward subject for Trump loyalists to brag about.
This Video Is Trending Right Now 👇
For more Naija celebrity news and updates, keep following Gist News for the latest Naija celebrity news and trends in Newspaper Nigeria Headlines.
Naija gist news
latest Naija gist
Naija news live