PolitiQuote

Discover video-sourced quotes by politicians

Eric Hovde: “The unemployment rate hasn't gone up more because our labor…”

Featuring: Eric Hovde, Republican | Former Candidate, U.S. Senate Wisconsin

Watch on YouTube

2025 Sunwest Bank Economic Forum with Eric Hovde

Published | Video Starts at 1:20:13

That factors in people disillusioned, people that have part time jobs, that want full time jobs, all the rest. But why is the unemployment rate, I would have thought that would have been higher. There's two reasons why The unemployment rate hasn't gone up more because our labor force is shrinking [due to baby boomers retiring]. Us baby boomers are retiring and leaving the workforce. But the bigger one is the amount of illegal immigrants that were taking enormous amount of jobs the last two years. (1:20:13–1:20:25)

CLAIM

Asserts that the shrinking labor force is a reason for the unemployment rate not increasing.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.


Eric Hovde

Discover more from

Eric Hovde

Report A Transcription Error

Please report any error in the automated transcription.

About PolitiQuote

PolitiQuote is a civic library index to statements made by politicians in publicly available video records. The index is created automatically from transcripts, with no editorial oversight or analysis. Highlighted quotes are selected by AI. Words may be added in parentheses to offer context for the quote. There may be errors in the transcription and display, so listen to the video to ensure accuracy.

PolitiQuote is a service of Gigafact Foundation, a nonpartisan nonprofit advancing facts and information transparency, community by community.

Visit gigafact.org to learn more.