Trump: If Unemployment Were 5%, ‘10,000 People’ Would Not Be at My Rally

‘The unemployment is probably close to 20 percent’

STEPHANOPOULOS: “And you’re also dealing with China in an op-ed in The Wall Street Journal today you say it’s time to tell the truth on China. But critics say the policies you’re calling for will spark a trade war that will backfire on the United States. How do you respond?”
TRUMP: “Well, you know, what’s a trade war? We’re losing $400 billion a year with China in terms of imbalance. They’re killing us and in every respect and they’re currency manipulators. What they’re doing is that beating us with their currency manipulation and other things. So when you say trade war, they’ve got a trade war against us. They beat us at every front. We have people that don’t know what they’re doing. We have people literally that have no clue and if you look at what China is doing step by step by step, I mean, trade war, sure, you won’t even have a trade war. China has taken so much money out of the United States, so many jobs, so much of our base that trade war, I don’t think you’ll have one, frankly, because they can’t afford a trade war.”
STEPHANOPOULOS: “We saw last week unemployment down to 5 percent. This is on debate about economy tonight. Federal Reserve almost certain [indecipherable] raise rates. Is that the right move?”
TRUMP: “It is the right move, but the unemployment is not 5 percent. The unemployment is probably close to 20 percent. If you look at all the people out there that want to get jobs that have given up, you’re talking about unemployment that’s — that’s actually close to 20 percent. The world is not happy. You know, you talked about my big crowd at the arena last night. It was — in Illinois, it was unbelievable. Believe me, if real unemployment was at 5 percent I wouldn’t have had 10,000 people at that arena last night.”
STEPHANOPOULOS: “Finally Mr. Trump, who else is in the hot seat tonight?”
TRUMP: “I think everybody. I mean, look, it’s a contest. It’s a very interesting set of characters. And everybody has a very different point of view and I think it’s going to be an interesting time tonight. I look forward to it.”
STEPHANOPOULOS: “We do too. Thanks for joining us this morning?” 
TRUMP: “Thank you very much, George.”

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