PRESS RELEASE: STATEMENT: NEW LOW IN JOBLESS CLAIMS SHOW AMERICAN RESCUE PLAN WORKING BUT MILLIONS OF UNEMPLOYED STILL NEED AMERICAN JOBS & FAMILIES PLANS NOW 

FOR IMMEDIATE RELEASE 
May 6, 2021

Contact: 
Lauren Chou, Deputy Press Secretary

[email protected], 480-559-0093

STATEMENT: NEW LOW IN JOBLESS CLAIMS SHOW AMERICAN RESCUE PLAN WORKING BUT MILLIONS OF UNEMPLOYED STILL 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 8.4 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 498,000 Americans filed for unemployment benefits last week, according to the latest data from the Bureau of Labor Statistics, marking the first time jobless claims have dropped below 500,000 since the onset of the Covid pandemic. While the American Rescue Plan has put the U.S. on the road to recovery, millions of Americans — especially women, Hispanic, Black, and low-income workers — need the job-creating public investments in the American Jobs and Families Plans to get back on track.

Invest In America’s spokesperson Lauren Chou issued the following statement:

“This week’s new low in jobless claims is proof that going big on public investments like the American Rescue Plan work — but we can’t stop here. Millions of Americans, especially women, Black, Hispanic, and low-income workers who have suffered disproportionately during Covid, are counting on more major public investments through the American Jobs and Families Plans to get back on their feet. 

“President Biden’s robust American Jobs and Families Plans, which invest heavily in American infrastructure, jobs, manufacturing, education, and care, will boost economic productivity and rebuild the country from the bottom up and the middle out. In order to truly come back stronger after a devastating year, we need to continue to think big and ensure that all Americans, regardless of their race, ZIP-code, or income, can compete in a 21st century global economy.” 

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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