PRESS RELEASE: STATEMENT: DIP IN JOBLESS CLAIMS SHOWS AMERICAN RESCUE PLAN IS WORKING, BUT LARGE-SCALE PUBLIC INVESTMENT NEEDED TO BUILD BACK BETTER

FOR IMMEDIATE RELEASE 
March 25, 2021

Contact: 
Maddy McDaniel, Communications Director

[email protected] or 914-471-7716

STATEMENT: DIP IN JOBLESS CLAIMS SHOWS AMERICAN RESCUE PLAN IS WORKING, BUT LARGE-SCALE PUBLIC INVESTMENT NEEDED TO BUILD BACK BETTER

The American Rescue Plan Will Help Boost 2021 Economic Growth to 6.5%, According to the Federal Reserve — But Economy is Still Down 9.5 Million Jobs

69% of Voters, Including 65% of Independents and 50% of Republicans, Support A Multi-Trillion Dollar Build Back Better Plan To Invest In American Infrastructure

WASHINGTON, D.C.  Another 684,000 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 dip in this week’s jobless claims show that the American Rescue Plan is working, providing a lifeline to the economy by ramping up vaccines, supporting small businesses and keeping essential workers on the job. But the fact that these numbers still rival some of the worst weeks of the Great Recession makes clear that there is much work left to do.

“Much more is needed to fully recover from the pandemic and address the fact that there are 9.5 million fewer jobs than when the pandemic began.

“That requires learning the lesson from the American Rescue Plan and continuing to go big with a multi-trillion dollar public investment in our nation’s infrastructure — from rebuilding roads and bridges to boosting our clean energy sector. This is the only way we can create millions of high-paying jobs, dramatically boost our nation’s GDP, and ensure an equitable recovery that builds our economy back stronger than ever before.” 

Economists are available to discuss the implications of this week’s jobless claims — reach out to [email protected] to get in touch. 

About Invest in America

Invest In America is a national rapid response operation advocating for robust public investment to rescue the economy from the COVID crisis and create prosperity for the future, and to fight back against fear-mongers who use deficit concerns as a scapegoat to starve American communities and businesses of resources.

The operation consists of two components: Invest in America, the charitable and public education arm, which is a fiscally sponsored project of Economic Security Project funded by the William and Flora Hewlett Foundation and Economic Security Project co-chair Chris Hughes; and Invest in America Action, the advocacy and social welfare arm, which is a fiscally sponsored project of Economic Security Project Action funded by Chris Hughes and the Omidyar Network.

Learn more at InvestInAmericaNow.com and @InvestNowUSA, and InvestinAmericaProject.com.

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