Presidential debate crib sheet: U.S. economy numbers to know

When Vice President Kamala Harris and former President Donald Trump take the controversy stage in Philadelphia on Tuesday night time, anticipate them to reach with a stockpile of speaking factors in regards to the U.S. financial system.

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

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

1.4%: The Shopper Worth Index in January 2021 in the beginning 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 below 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 12 months, the newest studying. That is the bottom 12-month inflation charge since March 2021. The subsequent CPI report will probably be launched Wednesday.19.4% The cumulative enhance in costs since Biden and Harris took workplace, in accordance with a CNBC evaluation of CPI knowledge. Trump has falsely claimed that cumulative costs have soared greater than 50% since Jan. 2021.7.8%: The cumulative enhance in costs over the 4 years Trump was in workplace, in accordance with a CNBC evaluation of CPI knowledge 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 consequence of Covid-19. This was additionally the very best month-to-month charge for the reason that 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 up to now.17.6%: The typical hourly wage enhance since Biden took workplace, in accordance with a CNBC evaluation of BLS knowledge. 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 below the Biden-Harris administration up to now, in accordance with BLS knowledge.2.7 million: The web variety of jobs misplaced in the course of 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 internet whole spending by the Trump administration. This determine represents the quantity Trump authorised in gross ten-year borrowing, minus the quantity he authorised in deficit discount, in accordance with the nonpartisan Committee for a Accountable Federal Price range. If Covid-19 stimulus and reduction packages are faraway from the overall, that quantity drops to $4.8 trillion.$4.3 trillion: The estimated internet 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 enhance of the U.S. nationwide debt from Trump’s inauguration till the day of Biden’s inauguration, in accordance with a CNBC evaluation of figures from the Congressional Analysis Service.30.6%: The p.c enhance in U.S. nationwide debt from Biden’s inauguration day till this month, in accordance with a CNBC evaluation of Treasury knowledge.

2.7%: The typical 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, in accordance with World Financial institution knowledge. GDP measures the worth of the products and companies that the U.S. produces.3.4%: The typical 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 sizzling 2021, stoked partly 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, in accordance with 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.