PPolithread
Statement·other·said 2022-05-15

“When unemployment goes down, inflation goes up.”

Proof of utterancewhere they said it
Verdict
Mixedby PolitiFact
2022-05-17
Reasoning

The claim reflects the Phillips Curve theory popular in the 1960s-70s, but modern data contradicts it. From 2012 to 2020 unemployment fell from 8.3% to 3.5% while inflation remained between 0% and 2.9%. Economists say supply shocks, productivity gains, and globalization have overwhelmed the relationship.

Proof of outcomewhat backs the verdict