STATEMENT ON STRONG CONSUMER SPENDING FROM BUILDING BACK TOGETHER EXECUTIVE DIRECTOR DANIELLE MELFI

FOR IMMEDIATE RELEASE: November 16, 2021
PRESS CONTACT: [email protected] 

STATEMENT ON STRONG CONSUMER SPENDING FROM BUILDING BACK TOGETHER EXECUTIVE DIRECTOR DANIELLE MELFI

“Today’s report showing Americans are spending more as retail sales jumped for the third straight month underscores the continued positive trajectory of our economy as we head into the holiday season. The report shows that Americans are spending more than they were before the start of the pandemic thanks to work by the Biden-Harris Administration to get direct relief to working families, help businesses keep their doors open, and get Americans back to work. This positive news comes after a new Goldman Sachs reportprojected that the unemployment rate will fall to a 50-year low in 2022 as the economy rebounds under the historic pace of job creation under President Biden’s economic agenda, with more than 5.5 million jobs created in just nine months.

The economy is recovering at a historic pace as President Biden continues to deliver real results, most recently with the signing of his historic Bipartisan Infrastructure Deal yesterday. But we still have work to do to build an economy that puts working and middle-class families first. That is why we urge leaders in Congress to deliver on President Biden’s Build Back Better Act to create millions of good-paying jobs while giving the middle-class breathing room by lowering costs from prescription drugs to utility bills, all while ensuring the ultra-wealthy and big corporations finally pay their fair share.”

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