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UNDER PRESIDENT BIDEN’S LEADERSHIP, U.S. CONTINUES TO SEE HISTORIC JOB GROWTH

FOR IMMEDIATE RELEASE: April 1, 2022
PRESS CONTACT: [email protected]

UNDER PRESIDENT BIDEN’S LEADERSHIP, U.S. CONTINUES TO SEE HISTORIC JOB GROWTH

USA Today: “The economy remarkably has now added more than 400,000 jobs a month for 11 months, the longest such streak on record”

WASHINGTON, D.C. — Today’s Labor Department report showing 431,000 jobs created last month and unemployment dropping to 3.6% underscores President Biden’s strong leadership on the economy. His strategy of taking on the pandemic and jumpstarting our economic recovery has created millions of jobs and put more money in Americans’ pockets. Under the Biden-Harris Administration, we’ve seen record job creation, the fastest fall in unemployment in history, and the strongest economic growth in nearly 40 years.

“Today we see more proof that thanks to President Biden’s economic leadership, America is back to work,” said Building Back Together Executive Director Danielle Melfi. “The Biden-Harris Administration has overseen the strongest jobs recovery in decades thanks to the President’s work to get our economy moving and Americans vaccinated. While Republicans in Congress are trying to raise taxes and increase costs for Americans, President Biden is growing our economy from the bottom up and middle out. He’ll continue to use every tool at his disposal to build on these successes and remains laser-focused on lowering prices for American families, including by bringing down the cost of health care, prescription drugs, energy bills, child and elder care, and more.”

President Biden’s broadly popular economic agenda is fueling unprecedented growth, creating millions of jobs, and driving down unemployment at a historic pace:

  • Since President Biden took office, more than 7.9 million jobs have been created, including 473,000 manufacturing jobs as companies make more things in America again.
  • Today’s data shows the American economy adding 431,000 jobs in the past month, unemployment falling to 3.6%, and more jobs created in January and February than previously reported.
  • Last week, U.S. jobless claims were down to 187,000 – their lowest level in more than five decades.


President Biden’s 2023 budget, which he announced earlier this week, demonstrates his continued commitment to lowering prices and expanding economic opportunity for Americans:

  • Along with the cost cutting measures outlined in his 2023 budget, President Biden is committed to working with Congress to give Medicare the power to negotiate lower drug prices, put a cap on insulin costs, and raise taxes on the wealthiest Americans and large corporations.


Meanwhile, Republicans in Congress are working to increase costs and raise taxes on the middle class:

  • Senator Rick Scott’s economic plan would increase income taxes on over half of Americans and potentially eliminate essential programs like Medicare and Medicaid.
  • Senator Ron Johnson has argued that Obamacare should be repealed, which would hike up health care premiums and costs for millions of Americans.
  • And Senator Chuck Grassley has openly admitted that, if Republicans in Congress won the majority, they would not stand up to Big Pharma to lower drug prices on behalf of Americans.

President Biden’s economic agenda is fueling the fastest growth in our economy in nearly 40 years, from historic job creation to record low unemployment.

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