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PRESS RELEASE: STATEMENT: UPTICK IN JOBLESS CLAIMS SHOWS URGENT NEED FOR JOB-CREATING INVESTMENTS IN BUILD BACK BETTER AGENDA

Jobless claims rose slightly to levels last seen in June, as 419,000 Americans filed for unemployment benefits, according to the latest data from the Bureau of Labor Statistics. While unemployment figures have been trending downward thanks to the American Rescue Plan, this week’s rise shows that Americans are counting on the passage of both the Bipartisan Infrastructure Framework and the Build Back Better agenda to create millions of jobs and strengthen the economy.


ICYMI: ROOSEVELT INSTITUTE ANALYSIS: BUILD BACK BETTER INVESTMENTS WILL LEAD TO “FASTEST ECONOMIC GROWTH SEEN IN DECADES”

The investments in the Build Back Better agenda could help the U.S. reach higher levels of employment than conventionally projected, according to a new analysis released today by the Roosevelt Institute. Combined with stimulus measures from earlier this year, the passing of Biden’s Build Back Better agenda would put the U.S. in position to deliver a historic economic boom that opens the economy for millions more workers, according to the authors. Not only would the investments in Biden’s Build Back Better agenda create millions of jobs and boost overall productivity — but they would do so by reducing long-standing racial and gender inequalities in the economy.




INVEST IN AMERICA WEEKLY ROUNDUP

Invest in America pushed back on inflation fear-mongering in a press call featuring the Roosevelt Institute’s Mike Konczal, Economic Policy Institute’s Josh Bivens, and Groundwork Collaborative’s Rakeen Mabud, responding to the latest Consumer Price Index (CPI) and Federal Reserve Chair Jerome Powell’s testimony in front of Congress this week. The economists made the case that the slight uptick in inflation is the transitory result of an economy opening back up from the pandemic, and pushed back on those in Congress trying to use the CPI report as an excuse not to make much-needed investments in infrastructure, caregiving, clean energy, and more.



PRESS RELEASE: STATEMENT: NEW LOW IN JOBLESS CLAIMS PROVES PUBLIC INVESTMENT WORKS, BUILD BACK BETTER AGENDA NEEDED TO BUILD ON PROGRESS

Jobless claims hit another pandemic low last week as 360,000 Americans filed for unemployment benefits, according to the latest data from the Bureau of Labor Statistics. While the steady decline in jobless claims serves as proof of the nation’s economic recovery thanks to the American Rescue Plan, millions of unemployed Americans are still counting on the public investments in the American Jobs and Families Plans. 


PRESS RELEASE: ECONOMISTS: TRANSITORY INFLATION SHOULD NOT HINDER INVESTMENTS IN CLEAN ENERGY, CAREGIVING 

During yesterday's House Financial Services Committee hearing, Federal Reserve Chair Jerome Powell testified that he still believes the uptick in inflation is the transitory result of an economy opening back up from the pandemic. Despite those assurances, some in Congress are trying to use Tuesday's Consumer Price Index as an excuse not to make much-needed investments in infrastructure, caregiving, clean energy, and more.


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