Three months after Democrats enacted the landmark American Rescue Plan to provide direct assistance to American workers and families as we build back from COVID-19, unemployment data shows that President Biden’s economic plan is working. Defeating the COVID-19 pandemic through expanded vaccine distribution, supporting small businesses, and getting direct economic relief to the American middle class has helped contribute to a strong decline in initial unemployment insurance claims. For the first time since the COVID-19 pandemic began, the four-week moving average for new unemployment insurance claims is below 400,000.
Earlier this week, the World Bank doubled its projection for how much the American economy will grow this year and just yesterday, the Federal Reserve reported that the American economy will grow 7% this year – the fastest rate since 1984. The numbers don’t lie – economic growth is up and unemployment is down; further proof that America is back under the Biden Administration and the Democratic-led Congress.
But don’t just take our word for it, see for yourself:
Earlier this week, the World Bank doubled its projection for how much the American economy will grow this year and just yesterday, the Federal Reserve reported that the American economy will grow 7% this year – the fastest rate since 1984. The numbers don’t lie – economic growth is up and unemployment is down; further proof that America is back under the Biden Administration and the Democratic-led Congress.
But don’t just take our word for it, see for yourself: