The American economy has made strong progress toward returning to normal and resolving high unemployment numbers over the past few months but there is still much to be done, the White House said Monday.
In a statement released Monday, the White House defended President Biden in the face of criticism, and said that although there is still work to be done, M has taken important steps toward addressing the ramifications of the prolonged economic effects of the coronavirus- citing the passage of the American Rescue Plan.
“Over the first three full months of the Biden-Harris Administration, the economy added more than 1.5 million jobs, or more than 500,000 jobs per month on average,” said a statement from the White House Monday.
The statement said that the President is working to remove barriers that are keeping Americans from returning safely to good-paying work and make it easier for employers to hire new workers.
State and local employment remains 1.3 million jobs down since before the pandemic, said the fact sheet. While over 1.5 million jobs have been created over the last three months, the Bureau of Labor Statistics reports a high 6.1% national unemployment rate.
Over 30,000 small businesses have claimed Employee Retention Credit this year, totaling over $1 billion in relief given out under the program.
Today, the Administration is sending the first grants under the Restaurant Revitalization Fund program to 16,000 restaurants and bars that have been hard hit by the pandemic, a sector that has been severely wounded by the coronavirus and its resulting guidelines.
The White House has also announced that employees who return to work but are only working part-time will be eligible for partial unemployment benefits, so they do not have to choose between working and receiving benefits.
President Biden has been criticized by some for being reluctant to encourage businesses to re-open as many are eager to return to normal and provide for themselves. However, the White House asserts that “The Biden-Harris Administration is acting aggressively to ensure that the millions of Americans who remain unemployed, through no fault of their own, can find safe, good-paying work as quickly as possible.”
As vaccination numbers continue to rise, the White House has encouraged continued adherence to CDC guidelines and expressed optimism that the American economy is on a strong path to recovery. However, there is still much to be done as has been indicated.