Here is a look at some of the facts we did check from Thursday night.
Among them: “More than 50 million people have filed for unemployment this year,” Biden said.
Another 15 million people have applied under the temporary pandemic unemployment assistance program, which Congress created as part of its $2 trillion coronavirus relief package in late March. It broadens the nation’s unemployment program to those who don’t typically qualify, including freelancers, gig workers, the self-employed and independent contractors. It also is open to certain people who lost their jobs because of the coronavirus, including those who have to stay at home because their children’s schools have closed.
That doesn’t equate with the number of people who are unemployed or receiving benefits, however. Some laid-off workers likely applied more than one time and others may have had their claims rejected because they didn’t meet the qualifications.
During his speech, Biden claimed that nearly 17% of small businesses have closed this year.
Facts First: That number could be right, but we don’t know if those closures are permanent.
There’s little real-time data on small business closures because they don’t often file for bankruptcy when they shut their doors. State and city lockdown orders forced many small businesses to close for weeks if not months this year. Even some of those owners who have reopened may not know if they can remain afloat as they struggle to get customers back and the pandemic lingers on.
A Biden campaign spokesman, Michael Gwin, told CNN that it took the average of the two studies
New Jersey Sen. Cory Booker slammed Trump for praising the economy at a time when the pandemic has upended many Americans’ lives.
“Last week, Donald Trump said, and I quote: ‘Our economy is doing good,’ while 40 million Americans are at risk of losing their homes, 30 million aren’t getting enough to eat and 5.4 million people have lost their health care because of this crisis,” Booker said Thursday night.
Some 44.7 million adults missed last month’s rent or mortgage payment or have slight or no confidence that their household can pay next month’s rent of mortgage on time, according to the most recent Census Household Pulse Survey, taken between July 16 and July 21. That’s 26.5% of American adults.
Likewise, 29.3 million adults — or 12.1% — were in households where there was either sometimes or often not enough to eat in the last seven days, the Census survey found.
During his speech, Michael Bloomberg made three economic claims, contrasting the administrations of Donald Trump and Barack Obama.
“Biden and Obama created more jobs over their last three years than the Trump administration did over their first three,” Bloomberg said, later adding that “Biden helped save one million auto industry jobs, Trump has lost 250,000 manufacturing jobs.”
Facts First: Bloomberg is right about all three claims, though the manufacturing job loss came in the wake of the coronavirus pandemic.
Before the coronavirus pandemic hit the US, manufacturing jobs had been increasing. As of July, they have already started rebounding from their April low.