FOR IMMEDIATE RELEASE
April 8, 2021
Maddy McDaniel, Communications Director
[email protected] or 914-471-7716
STATEMENT: JOBLESS CLAIMS REMAIN HIGH, SHOWING NEED FOR LARGE-SCALE INVESTMENTS IN AMERICAN JOBS PLAN
S&P Global Predicts A Multi-Trillion Infrastructure Package Could Create 2.3 Million Jobs, Inject $5.7 Trillion Into Economy, Raise Per Capita Income By $2,400
73% of Voters — Including 57% of Republicans — Support the American Jobs Plan
WASHINGTON, D.C. — Another 744,000 Americans filed for unemployment benefits last week, according to the latest data from the Bureau of Labor Statistics.
Invest In America’s spokesperson Maddy McDaniel issued the following statement:
“These stubbornly high jobless claims are a reminder that we have a long way to go before the economy is fully recovered from the pandemic. Conditions are improving as the American Rescue Plan is implemented across the country, but as we still have 8 million jobs missing from the economy since the beginning of the pandemic, there is much more that needs to be done.
“Major investment in American infrastructure, manufacturing, clean energy, and care through the American Jobs Plan will give us the boost we need to create millions of high paying jobs, boost GDP, and turbocharge the economy. After a devastating year, voters across the aisle stand firmly in support of another multi-trillion dollar package. It’s time for bold action to build a stronger, more equitable economy than we had before the pandemic.”
Economists are available to discuss the implications of this week’s jobless claims — reach out to [email protected] to get in touch.
Americans need major public investments to address the problems exacerbated by the pandemic.
- The U.S. labor market is still down more than 8 million jobs from pre-pandemic levels.
- According to the American Society of Civil Engineers (ASCE), the United States faces a $2.59 trillion shortfall in infrastructure investment and $5.9 trillion in infrastructure needs, including rebuilding and repairing roads, bridges, schools, and protecting access to clean water.
- ASCE predicts that failure to address the nation’s crumbling infrastructure could cost the United States $10 trillion in GDP, more than $23 trillion in total output, 3 million jobs, and more than $3,300 in a family’s annual disposable income.
A robust public investment will boost the economy by creating millions of jobs and increasing productivity.