FOR IMMEDIATE RELEASE
April 15, 2021
Maddy McDaniel, Communications Director
[email protected] or 914-471-7716
STATEMENT: DIP IN JOBLESS CLAIMS SHOWS AMERICAN RESCUE PLAN IS WORKING, BUT JOB-CREATING INVESTMENTS LIKE AMERICAN JOBS PLAN STILL NEEDED
The American Rescue Plan Will Help Boost 2021 Economic Growth to 6.5%, According to the Federal Reserve — But Economy is Still Down 8.4 Million Jobs
73% of Voters, Including 67% of Independents and 57% of Republicans, Support the Proposed $2.25 Trillion American Jobs Plan
WASHINGTON, D.C. — Another 576,000 Americans filed for unemployment benefits last week, according to the latest data from the Bureau of Labor Statistics. Thanks to the American Rescue Plan, this is the lowest number since the beginning of the pandemic, but more investment is needed to help the millions of Americans who are still unemployed.
Invest In America’s spokesperson Maddy McDaniel issued the following statement:
“The welcome dip in this week’s jobless claims show that large-scale public investment from the federal government works. The American Rescue Plan has given a lifeline to the economy by speeding up vaccine distribution, keeping essential workers on the job, and putting checks in people’s pockets. But we’re not out of the woods, and we can’t forget the economy has 8 million fewer jobs than when the pandemic began.
“We need to build on the success of the American Rescue Plan with another bold, large-scale public investment that will fix our physical infrastructure, build the care infrastructure we need to keep the economy going, and invest in manufacturing, clean energy, and education to ensure our ability to compete in a global economy. A robust plan like the American Jobs Plan will boost GDP, create millions of high-paying jobs, and build our economy back stronger and more equitable than before.”
Economists are available to discuss the implications of this week’s jobless claims — reach out to [email protected] to get in touch.