Political Quotes

“Madam President, there was another set of numbers that was released last Friday that testifies to good news, and America needs it. It testifies to the resilience of the American people and the American spirit. Many economists had braced for a disastrous January jobs report. The most optimistic among them predicted that the U.S. economy might grow by 150,000 or maybe 250,000 jobs last month. Some warned that it could show massive job losses. Here is what we learned: Despite the Omicron surge and the global supply chain shortages, U.S. employers added 467,000 new jobs last month--467,000. On top of that, the Bureau of Labor Statistics shows us the economy added 700,000 more jobs in November and December than we initially calculated. All told, the U.S. economy has added 6.6 million jobs in the last year--the strongest first-year job gain of any President in history. When Joe Biden took over the office a little over a year ago, he inherited one of the weakest and fraught economies in generations. At the start of the pandemic, the U.S. unemployment rate spiked to 14.7 percent. Last February, the Congressional Budget Office forecasted that the United States would not see 3.9 percent unemployment for another 5 years. The unemployment rate now is actually 4 percent. America's economic recovery is breaking records. The United States was the first country in the G7 to recover all of its GDP lost by the pandemic. Average wages were up 5.7 percent last month from a year ago.…”