President Biden's Update on the Economy

-In the fastest economic recovery in US history, unemployment has fallen to 4.6% – two years earlier than predicted before President Biden’s American Rescue Plan

-The economy created 531K jobs in October

-Over 5.6M jobs have been created since President Biden took office

-New unemployment claims are down over 60% since January & are at their lowest since the pandemic started

-Unemployment has decreased more this year than any other year in history

-This month, workers saw one of largest increases in average wages on record

The Biden Administration has made incredible progress since President Biden took office and we’re not slowing down. Experts predict President Biden’s Build Back Better Framework and Infrastructure Deal will add an additional add 1.5M jobs per year and increase GDP by nearly $3T in the next decade.

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