Thanks to President Biden and Democrats’ leadership, millions of Floridians are reaping the benefits of a booming economy.
Today, the Florida Democratic Party released the following statement after the U.S. Department of Labor announced that nonfarm payrolls increased by 339,000 jobs in May:
“Today’s strong jobs report is yet another proofpoint that President Biden and Democrats’ economic plan is paying dividends for working Americans. With thousands of new good-paying jobs, families all across Florida are seeing the results.
“The numbers speak for themselves: President Biden and Vice President Harris are building an economy that works from the bottom up and the middle out and it’s more critical than ever that we re-elect them to finish the job.”
Here’s a look at the economic progress our country has made thanks to President Biden and Democrats’ leadership:
- The US economy added 339,000 jobs in May – up from 294,000 in April and far exceeding the 190,000 that economists were expecting.
- A record 13 million jobs have been created since President Biden took office, including more than 800,000 good-paying manufacturing jobs.
- The share of working age Americans in the workforce is at its highest level in 16 years.
- The unemployment rate has been under 4 percent for 16 months in a row – the longest stretch of low unemployment since the 1960s.
- Overall wage growth is rising faster than it has in years for earners on the lowest end of the wage scale, up 4.3 percent in the last year.
- Inflation has fallen for 10 months in a row and is down more than 40 percent since last summer.