PRESS RELEASE: STATEMENT: JOBLESS CLAIMS DIP SHOWS PUBLIC INVESTMENT WORKS — BUT MILLIONS STILL UNEMPLOYED NEED AMERICAN JOBS & FAMILIES PLANS NOW 

FOR IMMEDIATE RELEASE 
June 3, 2021

Contact: 
Maddy McDaniel, Communications Director
[email protected] or 914-471-7716

STATEMENT: JOBLESS CLAIMS DIP SHOWS PUBLIC INVESTMENT WORKS — BUT MILLIONS STILL 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 VotersIncluding 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.  Jobless claims hit another pandemic low last week as 385,000 Americans filed for unemployment benefits — the first time that number dropped below 400,000 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:

“Thankfully, the American Rescue Plan is working and getting hundreds of thousands of people back to work. The simple truth is that public investment works. 

“But we’re not done yet — not when millions of people are still out of a job. 

“Our economy won’t fully recover until we deliver jobs and prosperity, including for the women, Hispanic, Black and low-income workers hit hardest by the pandemic.

“President Biden’s American Jobs and Families Plans will deliver jobs, jobs, and more jobs through robust investments in infrastructure, caregiving, manufacturing, and clean energy. These investments will secure American competitiveness in the global economy, and rebuild our 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.

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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