U.S. President Joseph R. Biden Jr. on Thursday praised his economic scorecard since taking office last January, saying that apart from creating over 4 million jobs, unemployment claims have fallen by more than half, from 830,000 to below 378,000.
“This morning, we learned that the number of Americans filing initial unemployment insurance claims fell to the lowest level since the pandemic began.This reflects the important progress we are making in our economic recovery,” the president said in a statement.
Although U.S. news outlets are currently focused on Afghanistan, when President Biden took office in January, an average of more than 830,000 Americans were filing initial unemployment insurance claims. That number has now fallen by more than half to below 378,000, while the economy has created more than 4 million jobs since.
In his statement, President Biden said he has created more jobs “at this point than any previous administration,” while the economy is also growing at the fastest rate in the first half of a year in nearly 40 years.
“This morning’s news reinforces the historic nature of our economic recovery, due in part to the American Rescue Plan that got relief to those who needed it most, resources to our communities to fight COVID and vaccinations in the arms of the American people,” he said.
“While our economic recovery is far from complete – and while we will have ups and downs along the way as we continue to battle the Delta surge of COVID – the Biden plan to grow the economy from the bottom up and middle out is working, and delivering real results for American workers.”