President Trump continues to argue that the real number of unemployed Americans is much higher than economists claim. He places the true number of unemployed at 96 million, or every American over the age of sixteen who doesn't have a job, even if he doesn't want one.

Bloomberg reports that Trump's unemployment exaggerations resonate with many of today's unemployed, who are often held back by geography, disability, felon status, or age discrimination. The official unemployment rate might be at an historically low 4.9%, but broader unemployment measures have stayed relatively high, with many Americans being shut out of the labor force altogether.

Data: Bureau of Labor Statistics

What's coming next: Structural forces like the aging of the workforce and the increasing importance of education will likely push this number lower, whatever the policies coming out of Washington.

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Updated 1 min ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 3 p.m. ET: 18,149,860 — Total deaths: 690,624 — Total recoveries — 10,753,318Map.
  2. U.S.: Total confirmed cases as of 3 p.m. ET: 4,690,404 — Total deaths: 155,124 — Total recoveries: 1,468,689 — Total tests: 56,812,162Map.
  3. Politics: White House will require staff to undergo randomized coronavirus testing — Pelosi says Birx "enabled" Trump on misinformation.
  4. Business: Virtual school is another setback for retail — The pandemic hasn't hampered health care.
  5. Public health: Former FDA chief says MLB outbreaks should be warning sign for schools.

Trump says TikTok will be banned if not sold by Sept. 15, demands cut of sale fee

President Trump said Monday that TikTok will be shut down in the U.S. if it hasn't been bought by Microsoft or another company by Sept. 15, and claimed that the U.S. Treasury should get "a very substantial portion" of the sale fee.

Why it matters: Trump appears to have backed off his threat to immediately ban TikTok after speaking with Microsoft CEO Satya Nadella, who said Sunday that the company will pursue discussions with TikTok’s Chinese parent company ByteDance to purchase the app in the U.S.

Filing suggests Manhattan DA is investigating Trump for possible fraud

Photo: Brendan Smialowski/AFP

The Manhattan District Attorney's office suggested for the first time Monday that it's investigating President Trump and his company for "alleged bank and insurance fraud," the New York Times first reported.

The state of play: The disclosure was made in a filing in federal court that seeks to force accounting firm Mazars USA to comply with a subpoena for eight years of Trump's personal and corporate tax returns.