FOR IMMEDIATE RELEASE
May 20, 2021
Maddy McDaniel, Communications Director
[email protected] or 914-471-7716
STATEMENT: JOBLESS CLAIMS DIP SHOWS PROGRESS BUT MILLIONS OF UNEMPLOYED NEED AMERICAN JOBS & FAMILIES PLANS NOW
The American Rescue Plan Will Help Boost 2021 Economic Growth to 6.5%, According to the Federal Reserve — But Economy is Still Down 8.2 Million Jobs
73% of Voters, Including 67% of Independents and 57% of Republicans, Support the Proposed $2.25 Trillion American Jobs Plan
61% of Voters, Including 64% of Independents, Support the American Families Plan By A +29 Point Margin
WASHINGTON, D.C. — Another 444,000 Americans filed for unemployment benefits last week — the lowest since the beginning of the pandemic, according to the latest data from the Bureau of Labor Statistics. This dip is better than expected, but millions of Americans are still out of a job after a devastating year.
Invest In America’s spokesperson Maddy McDaniel issued the following statement:
“The steady decline in jobless claims we’ve seen in the last few weeks is a clear sign that the economy has turned a corner, thanks to the American Rescue Plan.
“But we still need jobs. More jobs and better jobs.
“The simple truth is that our economy will not fully recover until we can address the millions of jobs lost during the pandemic, especially for women, Hispanic, Black and low-income workers who were hurt the hardest by the economic crisis.
That’s why we need President Biden’s American Jobs and Families Plan’s robust investments in infrastructure, caregiving, manufacturing, and clean energy to create millions of jobs, secure American competitiveness in the global economy,and rebuild an economy in a more sustainable, equitable and stronger way than before the pandemic began.”
Economists are available to discuss the implications of this week’s jobless claims — reach out to [email protected] to get in touch.