{"id":1029138,"date":"2024-01-05T18:21:49","date_gmt":"2024-01-05T18:21:49","guid":{"rendered":"https:\/\/democrats.org\/?p=1029138"},"modified":"2024-05-16T16:19:41","modified_gmt":"2024-05-16T16:19:41","slug":"new-jobs-report-shows-that-thanks-to-bidenomics-more-jobs-were-created-in-2023-than-any-year-in-trumps-administration","status":"publish","type":"post","link":"https:\/\/democrats.org\/news\/new-jobs-report-shows-that-thanks-to-bidenomics-more-jobs-were-created-in-2023-than-any-year-in-trumps-administration\/","title":{"rendered":"New Jobs Report Shows That Thanks to Bidenomics, More Jobs Were Created in 2023 Than Any Year in Trump\u2019s Administration"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

Today\u2019s jobs report, boasting 216,000 new jobs, shows that President Biden is delivering for America\u2019s hardworking families, building the economy from the bottom up and middle out. Since President Biden took office, he has helped create over 14 million jobs and unemployment has remained under 4 percent for 23 months in a row \u2014 the longest stretch in over 50 years. Under President Biden, more jobs have been created every year of his administration than any year under Trump \u2014 and in 2023 alone, Bidenomics created more jobs than in any year under the previous administration. It\u2019s clear that President Biden\u2019s economic agenda is succeeding where Donald Trump\u2019s failed. While Trump spent four years putting American workers and families last, President Biden is creating new jobs and growing the economy for hardworking Americans across the country.<\/p>\n\n\n\n

The December jobs report confirms that President Biden continues to help deliver a strong economy and new jobs for hardworking Americans across the country.<\/strong><\/p>\n\n\n\n

Heather Long, Washington Post<\/a>: \u201cJUST IN: Another good jobs report. The US economy added 216,000 jobs in December to finish the year on a strong note.<\/p>\n\n\n\n

Unemployment rate: 3.7% (same as Nov.)<\/p>\n\n\n\n

Wage growth: 4.1% in past year (well above 3.1% inflation)\u201d<\/p>\n\n\n\n

Gabe Gutierrez, NBC News<\/a>: \u201cBetter than expected jobs report.\u201d<\/p>\n\n\n\n

Associated Press<\/a>: \u201cUS employers added a surprisingly strong 216,000 jobs in December in a sign of continued economic strength.\u201d
<\/p>\n\n\n\n

Rather than witnessing a recession like economists predicted, 2023 saw an economic \u201cmiracle\u201d and a triumph for American workers. <\/strong><\/p>\n\n\n\n

New York Times: Opinion<\/a>: \u201cThe economy was projected to lose 10,400 jobs a month. Instead, it gained an average of 232,000 a month. The unemployment rate, which started 2023 at a five-decade low, was projected to rise to nearly 5 percent by the end of the year. Instead it ticked up only trivially, to 3.7 percent.\u201d<\/p>\n\n\n\n

Washington Post<\/a>: \u201cMore vulnerable groups of workers are faring remarkably well compared with previous periods of economic recovery. The unemployment rate for Black workers, which is often double the White unemployment rate, hit an all-time low in May, at 5 percent, though it has since risen to 5.8 percent. And the unemployment rate for those without college degrees also dropped near its lowest point on record. Typically, higher wage earners recover their losses faster, as they did after the 2008 Recession, but the pandemic recovery turned that logic on its head.\u201d<\/p>\n\n\n\n

Vanity Fair<\/a>: \u201cFox Anchor, Through Gritted Teeth, Admits Biden\u2019s Economy \u2018Is a Lot Stronger Than Anybody Understands\u2019\u201d<\/p>\n\n\n\n

Under Trump, MAGAnomics consistently failed American families in favor of tax cuts for large corporations and the ultra-wealthy, running up the deficit.<\/strong><\/p>\n\n\n\n

Washington Post Analysis<\/a>: \u201cOne of President Donald Trump\u2019s lesser-known but profoundly damaging legacies will be the explosive rise in the national debt that occurred on his watch. The financial burden that he\u2019s inflicted on our government will wreak havoc for decades, saddling our kids and grandkids with debt. The national debt has risen by almost $7.8 trillion during Trump\u2019s time in office.\u201d<\/p>\n\n\n\n

Washington Post Analysis<\/a>: \u201cThe growth in the annual deficit under Trump ranks as the third-biggest increase, relative to the size of the economy, of any U.S. presidential administration, according to a calculation by Eugene Steuerle, co-founder of the Urban-Brookings Tax Policy Center.\u201d<\/p>\n\n\n\n

Politico<\/a>: \u201cThe nation\u2019s fiscal outlook looks ever bleaker, thanks in part to deficit spending during President Donald Trump\u2019s first term, Congress\u2019 nonpartisan budget scorekeeper projected Tuesday.\u201d<\/p>\n\n\n\n

Let\u2019s not forget Trump\u2019s economic legacy as president: the worst jobs record in modern American history. <\/strong><\/p>\n\n\n\n

Fortune<\/a>: \u201cTrump to leave office with the worst jobs record since Herbert Hoover\u201d<\/p>\n\n\n\n

Washington Post<\/a>: \u201cPresident Trump took office at the crest of the longest economic expansion in U.S. history. He leaves presiding over the worst labor market in modern U.S. history, as an already-sputtering economic recovery has turned negative.\u201d<\/p>\n\n\n\n

Even before the COVID-19 pandemic, Trump\u2019s jobs record was falling short and his failed economic agenda was slowing growth. <\/strong><\/p>\n\n\n\n

Bloomberg<\/a>: \u201cTrump\u2019s Jobs Record Fell Short of Promises Even Before the Virus\u201d<\/p>\n\n\n\n

Bloomberg<\/a>: \u201cJob growth was slightly slower in Trump\u2019s first three years before Covid than it was during the last three years of the Obama administration, when the economy added 2.7 million jobs a year on average. Under Trump, that average was 2.2 million, until this year\u2019s tumult more than wiped out the gains.\u201d<\/p>\n\n\n\n

Trump\u2019s reckless trade policies created incentives for large corporations to send jobs overseas, shuttering factories and leaving hardworking Americans without jobs. <\/strong><\/p>\n\n\n\n

Brookings<\/a>: \u201cSo over the years of the Obama administration there was a gradual recovery in manufacturing jobs and hours worked. Trump managed to destroy that through his ill-advised tariff tantrums in a short two years and put manufacturing into a recession.\u201d<\/p>\n\n\n\n

Bloomberg<\/a>: \u201cAnother signature Trump policy, the trade war with China, actually hurt some of the manufacturers and farmers it was supposed to help. The Tax Foundation estimates if tariffs remain, 179,800 full-time equivalent jobs could be lost.\u201d<\/p>\n\n\n\n

Washington Post<\/a>: \u201cU.S. manufacturing was in a mild recession for all of 2019, according to data released Friday by the Federal Reserve.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Today\u2019s jobs report, boasting 216,000 new jobs, shows that President Biden is delivering for America\u2019s hardworking families, building the economy from the bottom up and middle out. Since President Biden took office, he has helped create over 14 million jobs and unemployment has remained under 4 percent for 23 months in a row \u2014 the […]<\/p>\n","protected":false},"author":263,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1029138","post","type-post","status-publish","format-standard","hentry","category-press-release"],"acf":[],"yoast_head":"\nNew Jobs Report Shows That Thanks to Bidenomics, More Jobs Were Created in 2023 Than Any Year in Trump\u2019s Administration - Democrats<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/democrats.org\/news\/new-jobs-report-shows-that-thanks-to-bidenomics-more-jobs-were-created-in-2023-than-any-year-in-trumps-administration\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:site_name\" content=\"Democrats\" \/>\n<meta property=\"article:published_time\" content=\"2024-01-05T18:21:49+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-05-16T16:19:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/democrats.org\/wp-content\/uploads\/2024\/05\/War-Room-Master-Image.png?w=1024\" \/>\n<meta name=\"author\" content=\"Claire DePree\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Claire DePree\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/democrats.org\/news\/new-jobs-report-shows-that-thanks-to-bidenomics-more-jobs-were-created-in-2023-than-any-year-in-trumps-administration\/\",\"url\":\"https:\/\/democrats.org\/news\/new-jobs-report-shows-that-thanks-to-bidenomics-more-jobs-were-created-in-2023-than-any-year-in-trumps-administration\/\",\"name\":\"New Jobs Report Shows That Thanks to Bidenomics, More Jobs Were Created in 2023 Than Any Year in Trump\u2019s Administration - 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