October Job Numbers Show Economy Building Back Better Thanks to President Biden
MADISON, Wis. — This morning, the Department of Labor announced that the U.S added back 531,000 jobs in October, beating expectations and proving that President Biden’s economic plan is working. The national unemployment rate also fell to 4.6% — the lowest level since the beginning of the pandemic.
Thanks to Gov. Evers and President Biden, Wisconsin is on its way to bouncing back stronger than before. Gov. Evers has made record investments in the state’s economic recovery with funds from the American Rescue Plan, including in rural broadband, small businesses, the vital tourism industry, farmers, and more.
These numbers, paired with the fact that the U.S. has recovered about 80% of all jobs lost during the pandemic, prove that President Biden’s economic plan is working. New studies from the Economic Policy Institute (EPI) and Moody’s Analytics show this economic recovery will only continue with the passage of the Build Back Better Framework and Bipartisan Infrastructure Deal, which will create durable economic growth, ease supply chain bottlenecks, lower inflationary pressures, and create millions of good-paying jobs. In fact, the EPI analysis finds that “the Build Back Better Act’s macroeconomic boost looks more valuable by the day.”