The President’s economic agenda has powered a historic economic recovery and is building an economy from the bottom up and the middle out, not the top-down.

• 253,000 jobs created last month for 12.7 million created since President Biden took office.
• We’ve regained all the jobs lost during the pandemic, and created 3 million more.
• 3.4% unemployment—the lowest rate since 1969.
• Black unemployment is at a record low of 4.7% and Hispanic unemployment remains low at 4.4%.
• More Americans are joining the labor force—highest prime-age labor participation since 2008.
• Annual inflation has fallen over the last 9 months.
• Wages are higher than they were 10 months ago, adjusted for inflation.

The President is Investing in America to make our economy even stronger:

• Investments in infrastructure, innovation, and manufacturing to create good-paying jobs that don’t require a college degree.
• Unleashing private sector investments, with more than $435 billion announced since President Biden took office.
• Benefitting hardworking Americans in every community across the country—making sure no community is left behind.
• Lowering the costs of prescription drugs, insulin, health care, energy bills, and more to give families more breathing room.

Extreme MAGA House Republicans passed a bill that would put all that progress at risk:

• Threaten to default, which would wreak havoc on working people, seniors and the middle class and cost millions of jobs while increasing costs.
• Cut veterans’ care, Meals on Wheels, food safety inspections, education, food assistance, health care and Medicaid, and border security.
• Send the unprecedented investments we’ve made in America—and good-paying manufacturing jobs—overseas.
• Adds to the debt by helping wealthy tax cheats get away with it as they continue to advance $3 trillion in tax giveaways skewed for the super-wealthy, big corporations, and special interests.

Press Links to Share:

• Axios: U.S. labor market booms in April, adding 253,000 jobs
• Reuters: US job growth beats expectations; unemployment at a half-century low
• New York Times: U.S. Job Growth Remains Strong
• Bloomberg: US Job Gains and Wages Pick Up, Signaling Labor Resilience
• Yahoo Finance: Jobs report: April job reports shocks with 253,000 jobs created, unemployment falls