Today’s blowout jobs report is the latest sign that our economy is getting back on track, thanks to President Biden’s leadership passing the American Rescue Plan. As more and more Americans receive their vaccines, families get money in their pockets, and small businesses get the relief they need to stay open, we can defeat the coronavirus, our economy can recover, and we can build our country back better.
The U.S. economy added more than 900,000 jobs in March, shattering economists’ expectations.
CNBC: “Jobs report blows past expectations as payrolls boom by 916,000 in March”
Axios: “U.S. economy added 916,000 jobs in March, crushing expectations”
NPR: “Roaring Back: Employers Add 916,000 Jobs As Economy Emerges From Winter Slump”
Thanks to President Biden’s American Rescue Plan, Americans are getting vaccinated, families have money in their pockets, and small businesses are getting the relief they need to keep their doors open.
Reuters: “The U.S. economy created the most jobs in seven months in March as more Americans got vaccinated and the government doled out additional pandemic relief money, marking the start of what could be the strongest economic performance this year in decades.”
USA Today: “The $900 billion COVID relief package, passed by Congress in December, likely bolstered hiring, in part by renewing the Paycheck Protection Program, which provides forgivable loans to small businesses, Oxford Economics says.”
Washington Post: “The $1.9 trillion stimulus package signed last month by President Joe Biden should give an additional shot of adrenaline to hiring amid renewed support for businesses and individuals.”
Now is the time to build on these gains with the American Jobs Plan, which will spur growth across the economy, and create more good-paying, union jobs for American workers.
Reuters: “President Joe Biden’s massive infrastructure plan would create millions of jobs, undoing some of the economic damage inflicted by the coronavirus pandemic, economists said, with lower middle-income workers and minorities possibly benefiting the most.”
Wall Street Journal: “Auto manufacturers, semiconductor makers and fiber-optic companies. Renewable-energy producers, pharmaceutical developers, home builders and construction firms. President Biden’s $2.3 trillion infrastructure plan touches an array of American businesses and industries. Many companies stand to benefit from an infusion of federal funds—especially those deemed vital for addressing climate change … The trucking industry would be a major beneficiary of repaired roads, and the American Trucking Associations praised the administration for spending on highways.”
The post Blowout Jobs Numbers Latest Sign U.S. Economy Recovering appeared first on Democrats.