Luntz: 'This Is Strongest Economy in All of Our Lives That We're Having Right Now'

By Michael W. Chapman | November 8, 2019 | 3:07pm EST
Pollster and strategist Frank Luntz.  (Getty Images)
Pollster and strategist Frank Luntz. (Getty Images)

Commenting on the U.S. economy under the Trump administration, pollster and political strategist Frank Luntz noted that many critics back in 2016 said the goals Trump set were impossible, but today, he added, "is the strongest economy in all of our lives that we're having right now."

Speaking on CNBC's Squawk Box on Friday, Luntz said, "We have a lower unemployment rate among African Americans than at any time they started measuring this."

"We have a 50-year-unemployment low among Latino Americans," he added. "It's been a quarter-century before we've had this low unemployment among 18-to-29-year olds."

"We have wages going up," said Luntz, and "this economy is working for people."

"And I'll remind you," he said, "you go back to 2016 when Donald Trump suggested we could have a 3-point growth rate and actually get to that point, everybody said this is impossible."

Luntz continued, "That he could bring unemployment below 4%, they said this is impossible. This is the strongest economy in all of our lives that we’re having right now."

In October 2019, the national unemployment rate for blacks (age 16 and over) was 5.4%, the lowest it has been in recorded history by the Bureau of Labor Statistics (BLS). 

For Hispanics, the unemployment rate was 4.1%, not the lowest -- it was 3.9% in September -- but the second lowest in recorded history by the BLS. The BLS started to track this number in 1973, some 46 years ago. 

(Getty Images)
(Getty Images)

For whites, the national unemployment rate was 3.2% in October, among the lowest it has been since the late 1960s, and lower than Trump's projection of 4%.  (One exception: In April 2019, the rate was 3.1%.)

Also, October broke another record for the highest number of employed Americans -- 156,562,000.  This is the twelfth employment record set under President Donald Trump. 

Speaking about those numbers after they were released, President Trump said, "The unemployment rate just fell to the lowest level in over 50 years. More Americans are working now than any time in history. Think of that... So today, right now, we have more Americans working than at any time, any time in the history of our country."

That's pretty good," he said. "That's pretty good!"

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