"America is finally on the move again."
Those were the words of President Joe Biden who spoke to the American People about the strong May Jobs Report that showed 559,000 jobs created and the unemployment level dropping to below six percent for the first time since the height of the pandemic.
Calling the Jobs Report "great news for our economy and our recovery and for the American people," the President also pointed out that:
- Wages rose for American workers.
- Two million jobs have been created since the beginning of the Biden/Harris Administration.
- Job Creation in the first four months of the Biden/Harris Administration is triple that of the Trump/Pence team and eight times better than the Reagan/Bush one (although to be fair, the declining pandemic numbers naturally affected the larger jobs numbers.)
- Long Term Unemployment numbers had their largest drop in a decade.
- Forecasts for United States economic growth have are now projected higher for 2021 at 6.9 percent which would be the best in 40 years.
- Manufacturing performance was at its best in 15 years.
President Biden credited the American People and the passage of the American Rescue Plan, stating:
"And none of this success is an accident. It isn’t luck. It’s doing no small part, first of all, the cooperation of the American people in responding to my effort to get COVID under control, wearing masks initially, and getting vaccinated, and is no small part to the bold action we took by passing the American Rescue Plan."
In praising the American Rescue Plan, Mr. Biden reminded the people that it provided for:
- Increasing COVID 19 vaccine supply and accessibility which has resulted in more people receiving the Coronavirus treatment.
- $1400 checks for people to make ends meet.
- Combatting food insecurity.
- Giving small business assistance like for restaurants.
- Vaccinating teachers and reopening schools.
- Aid to state and local governments.
- Childcare assistance.
- Expanded unemployment assistance.
The President finished by reminding the American People that while there is progress, there may still be hiccups along with way. He also called for more investments like the American Jobs and Families Plan, saying:
"To sum it up, look, COVID cases are down. COVID deaths are up. Unemployment filings are down. Hunger is down and vaccinations are up. Jobs are up. Wages are up. Manufacturing is up. Growth is up. People gaining healthcare coverage is up and small business confidence is up. America is finally on the move again. As we continue this recovery, we’re going to hit some bumps along the way... We can’t reboot world’s largest economy like flipping on a light switch. There’s going to be ups and downs in jobs and economic reports... In the coming weeks, my administration is going to take steps to combat these supply constraints, building on the work we’re doing on the computer chips. That is we’re providing more computer chips to be manufactured here in the United States, so it doesn’t slow up the manufacturing of automobiles, for example. Everyone needs to get their shots though. Now’s the time to accelerate the process we’ve been making. Now’s the time to build on the foundation we’ve laid. Because while our progress is undeniable, it is not assured. That’s why I propose the American Jobs Plan and the Americans Family Plan for generational investments we need today. We need to make those investments today to be able to continue to succeed tomorrow. We have a chance to seize on economic momentum of the first months of my administration. Not just to build back, but to build back better. This much is already clear. We’re on the right track. Our plan is working and we’re not going to let up now. We’re going to continue to move on. I’m extremely optimistic. I hope you are as well."
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