Chris Smalls, fired from Amazon, protesting outside an Amazon.com facility in the Staten Island borough of New York on Friday, May 1, 2020. Photo: Bloomberg

Trump’s bet on jobs unravels on America’s worst slump since the Great Depression, as does his path back to the White House

  • The collapse of the US jobs market robs Trump of his chief argument for re-election and will fuel his drive to quickly “reopen” the US economy, even as solid majorities of Americans are reluctant to return to public life
  • One decades-old formula, from Yale economist Ray Fair, estimates that each percentage-point increase in the unemployment rate costs the incumbent 2.3 points in vote share come Election Day
Topic |   Jobs
Chris Smalls, fired from Amazon, protesting outside an Amazon.com facility in the Staten Island borough of New York on Friday, May 1, 2020. Photo: Bloomberg
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