On the recordMarch 22, 2024
Mr. President, we have had a lot of good news in the last several months, over the last year. Unemployment remains at its lowest level ever. For the last 2 years, the unemployment rate has been under 4 percent. That is the longest stretch that we have had less than 4 percent of Americans without a job in 50 years. Inflation has cooled to the lowest level since the start of the pandemic. The U.S. economy is booming. We have seen it grow faster than any other large, advanced economy in the world. Crime is down. We saw a 12-percent reduction in urban gun violence in 2023. That is the biggest reduction in the history of the country in 1 year. That is a lot of good news if you look at the metrics that we normally look to when we assess the quality of our public policy. But here is some other striking data: In a report released this week, we come to find that despite unemployment going down, despite inflation going down, despite GDP going up, Americans are more unhappy than anytime before. This year in the global happiness rating survey, the United States, for the first time since they started doing this survey, fell out of the top 20. We are now No. 23 in the world. Even more worrying, amongst young people, the United States ranks 62nd in the world.…
Source
govinfo.gov




