Presidential debate crib sheet: U.S. economic system numbers to know

When Vice President Kamala Harris and former President Donald Trump take the debate stage in Philadelphia on Tuesday evening, count on them to reach with a stockpile of talking points concerning the U.S. economy.

Within the weeks main as much as their head-to-head debate, hosted by ABC Information, each Harris and Trump have unveiled new economic proposals. They’ve additionally tried to color their rival as a menace to the well being and stability of the U.S. economic system.

Because the candidates attempt to body the economic system in favorable phrases Tuesday, hold these key numbers in thoughts.

• 1.4%: The Client Worth Index in January 2021 initially of the Biden-Harris administration. President Joe Biden has repeatedly claimed that he inherited a 9% inflation charge from Trump, which is fake.
• 9.1%: The CPI in June 2022, the peak of the post-pandemic inflation surge beneath Biden, and the very best charge since 1981. Trump has repeatedly claimed it was the very best inflation charge in U.S. historical past, however that is false.
• 2.9%: The annual CPI in July of this yr, the newest studying. That is the bottom 12-month inflation charge since March 2021. The subsequent CPI report can be launched Wednesday.
• 19.4% The cumulative improve in costs since Biden and Harris took workplace, based on a CNBC evaluation of CPI data. Trump has falsely claimed that cumulative costs have soared greater than 50% since Jan. 2021.
• 7.8%: The cumulative improve in costs over the 4 years Trump was in workplace, based on a CNBC evaluation of CPI information over time.

• 14.8%: The unemployment charge in April 2020, the very best single month of the Trump administration, when employers hemorrhaged jobs as a result of Covid-19. This was additionally the highest monthly rate because the BLS first started monitoring unemployment in 1948.

• 6.4%: The unemployment charge in January 2021, when Biden and Harris took workplace. This was the very best month-to-month charge of the Biden-Harris administration to this point.

• 17.6%: The average hourly wage improve since Biden took workplace, based on a CNBC evaluation of BLS information. Biden claims that wage progress outpaced inflation throughout his presidency, which isn’t true since costs have cumulatively elevated by 19.4%.

• 15.9 million: The roles created beneath the Biden-Harris administration to this point, based on BLS information.
• 2.7 million: The web variety of jobs misplaced throughout the Trump administration, a determine largely attributable to the pandemic-induced financial recession.

• 6.7 million: The roles added from the time Trump took workplace in January 2017 till February 2020, simply earlier than the pandemic tanked the U.S. job market.

• $8.4 trillion: The estimated web whole spending by the Trump administration. This determine represents the quantity Trump permitted in gross ten-year borrowing, minus the quantity he permitted in deficit discount, based on the nonpartisan Committee for a Responsible Federal Budget. If Covid-19 stimulus and reduction packages are faraway from the whole, that quantity drops to $4.8 trillion.

• $4.3 trillion: The estimated web whole spending throughout Biden’s first three years and 5 months in workplace, per the CRFB. With out the American Rescue Plan, Biden’s main pandemic stimulus package deal, the online whole falls to $2.2 trillion.

• 39.1%: The p.c improve of the U.S. nationwide debt from Trump’s inauguration till the day of Biden’s inauguration, based on a CNBC evaluation of figures from the Congressional Research Service.

• 30.6%: The p.c improve in U.S. nationwide debt from Biden’s inauguration day till this month, based on a CNBC evaluation of Treasury data.

• 2.7%: The common annual progress charge of U.S. gross home product from 2017 to 2019, the primary three years of Trump’s presidency earlier than the Covid-19-induced financial crash, based on World Bank data. GDP measures the worth of the products and companies that the U.S. produces.

• 3.4%: The common U.S. annual GDP progress charge from 2021 to 2023, the primary three years of the Biden-Harris administration. This quantity was boosted by a scorching 2021, stoked partially by the slew of pandemic-era stimulus packages handed by each Trump and Biden.

• 12.3%: Common return of the S&P 500 from 2021 to 2023, the primary three years of the Biden-Harris administration, based on figures from Berkshire Hathaway.

• 16.3%: Common return of the S&P 500 from 2017 to 2019, the primary three years of the Trump White Home.