Last updated on July 18th, 2023 at 02:05 pm
Republicans have had nothing to say after May’s bigger-than-expected jobs report revealed that President Biden has overseen the creation of 13 million jobs.
Biden said in a statement provided to PoliticusUSA:
Today is a good day for the American economy and American workers. We learned this morning that the economy created 339,000 jobs last month. We have now created over 13 million jobs since I took office. That is more jobs in 28 months than any President has created in an entire 4-year term.
We also learned that the unemployment rate has been under 4 percent for 16 months in a row. The last time our nation had such a long stretch of low unemployment was in the 1960s. And the share of working age Americans in the workforce is at its highest level in 16 years. Meanwhile the annual inflation rate has fallen for 10 months in a row, and it’s down more than 40 percent since last summer. During that time, take-home pay for workers has gone up, even after accounting for inflation.
In short, the Biden economic plan is working. And due to the historic action taken by Congress this week, my economic plan will continue to deliver good jobs for the American people in communities throughout the country. I look forward to signing the bipartisan budget agreement into law. The agreement protects our historic and hard-earned economic recovery and all the progress that American workers have made in the last two years. And it protects key priorities and accomplishments from the last two years. Our work is far from finished, but this agreement is a reminder of what’s possible when we act in the best interests of our country.
Let’s compare Biden’s 13 million jobs in less than one term with three previous presidents who were known as job creators:
Bill Clinton – created 18. 6 million jobs during his two terms from 1993 to 2001.
Ronald Reagan – created 16.5 million jobs during his two terms from 1981 to 1989.
Franklin D. Roosevelt- created 15 million jobs during his four terms in office.
Barack Obama- created 8.9 million jobs during his two terms in office.
Donald Trump- lost 2.9 million jobs during his single term in office.
Reagan and Clinton are both hailed for presiding over good economies, but Biden is on pace to blow past Reagan and be the second biggest job creation president since 1933. If the economy keeps up at its current pace, Biden will eventually pass Bill Clinton as well.
Republicans have gone silent with the new jobs report. There are no claims about how they could create more jobs, or how Biden is failing to create jobs.
House Republicans tried to use the debt limit to sabotage the Biden economy because if the President goes into his reelection campaign with this sort of jobs record, he will be difficult to beat in 2024.
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