{"id":1030542,"date":"2024-04-05T15:35:27","date_gmt":"2024-04-05T15:35:27","guid":{"rendered":"https:\/\/democrats.org\/?p=1030542"},"modified":"2024-05-10T16:41:42","modified_gmt":"2024-05-10T16:41:42","slug":"new-president-bidens-economy-added-more-than-15-million-jobs-while-trump-left-office-with-the-worst-jobs-record-since-the-great-depression","status":"publish","type":"post","link":"https:\/\/democrats.org\/news\/new-president-bidens-economy-added-more-than-15-million-jobs-while-trump-left-office-with-the-worst-jobs-record-since-the-great-depression\/","title":{"rendered":"NEW: President Biden\u2019s Economy Added More than 15 Million Jobs While Trump Left Office With the Worst Jobs Record Since the Great Depression"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

In response to today\u2019s strong <\/em>March jobs report<\/em><\/a>, <\/em>DNC Rapid Response Director Alex Floyd released the following statement:<\/em><\/strong><\/p>\n\n\n\n

\u201cThanks to President Biden, America\u2019s economy is booming \u2014 and today\u2019s jobs record proves it. After Donald Trump left office with the worst jobs record since the Great Depression, President Biden brought America back, helping to create over 15 million new jobs and overseeing an unemployment rate under 4% for the longest stretch in more than 50 years. Now, Trump is running on a disastrous MAGAnomics agenda to gift tax cuts to billionaires while he roots for our economy to crash for his own political gain. President Biden is fighting every day to grow the economy from the bottom up and the middle out and give working people a fair shot, while Donald Trump is plotting to help his billionaire buddies pay even less in taxes. This November, the American people will reelect President Biden because his economic agenda is delivering for them, while Trump is only focused on himself and his ultra-rich friends.\u201d<\/p>\n\n\n\n

NEW: Thanks to President Biden, the American economy added 303,000 jobs in March, while the unemployment rate remained under 4% for the 26th consecutive month.<\/strong><\/p>\n\n\n\n

NBC News<\/a>: \u201cThe U.S. economy rolls on, adds 303,000 jobs in March\u201d<\/strong><\/p>\n\n\n\n

\u201cThe U.S. economy added 303,000 jobs in March, blowing past expectations and indicating that growth remains on a firm footing.<\/strong><\/p>\n\n\n\n

\u201cThe reading represents the largest one-month boost in payrolls since May 2023 and is a significant increase from the 270,000 added in February and the 256,000 in January.<\/strong><\/p>\n\n\n\n

\u201cEconomists had forecast that about 200,000 jobs would be added for March.<\/p>\n\n\n\n

\u201cThe unemployment rate declined slightly to 3.8%, and wage growth came in at 4.1% over the last 12 months, the Bureau of Labor Statistics said.\u201d<\/p>\n\n\n\n

CNN<\/a>: \u201cMarch jobs report comes in hot: The US economy added 303,000 positions last month\u201d<\/strong><\/p>\n\n\n\n

\u201cThe US job market is also one of the strongest, historically: The economy has added jobs for 39 consecutive months, marking the fifth-longest period of job expansion on record, BLS data shows. The unemployment rate has been below 4% for 26 months in a row, the longest streak since the late 1960s.\u201d<\/strong><\/p>\n\n\n\n

USA Today<\/a>: \u201cToday’s jobs report shows economy added booming 303K jobs in March, unemployment at 3.8%\u201d<\/strong><\/p>\n\n\n\n

The Guardian<\/a>: \u201cUS workforce adds 303,000 jobs in March \u2013 far more than expected.\u201d<\/strong><\/p>\n\n\n\n

Reuters<\/a>: \u201cUS job growth blows past expectations; unemployment rate falls to 3.8%\u201d<\/strong><\/p>\n\n\n\n

Reminder: America has the world\u2019s best economic recovery under President Biden\u2019s watch.<\/strong><\/p>\n\n\n\n

Washington Post<\/a>: \u201cFalling inflation, rising growth give U.S. the world\u2019s best recovery\u201d<\/strong><\/p>\n\n\n\n

\u201cSince 2020, the United States has powered through a once-in-a-century pandemic, the highest inflation in 40 years and fallout from two foreign wars. Now, after posting faster annual growth last year than in 2022, the U.S. economy is quashing fears of a recession while offering lessons for future crisis-fighting.<\/strong><\/p>\n\n\n\n

\u201cOn Friday, President Biden hailed fresh government data showing that annual inflation over the second half of 2023 fell back to the Federal Reserve\u2019s 2 percent target. Coupled with Thursday\u2019s news that the economy grew by 3.1 percent over the past 12 months, the Commerce Department report showed that the United States appears to have achieved an economic soft landing.\u201d<\/p>\n\n\n\n

Axios<\/a>: \u201cU.S. winning world economic war\u201d<\/strong><\/p>\n\n\n\n

\u201cThe United States economy grew faster than any other large advanced economy last year \u2014 by a wide margin \u2014 and is on track to do so again in 2024.\u201d<\/p>\n\n\n\n

Associated Press<\/a>: \u201cAmerican consumers feeling more confident than they have in two years\u201d<\/p>\n\n\n\n

Forbes<\/a>: \u201cU.S. Economy Grew 2.5% Last Year, Defying Recession Calls\u201d<\/p>\n\n\n\n

Politico<\/a>: \u201cUS growth shatters expectations, boosting Biden\u2019s economic pitch\u201d<\/strong><\/p>\n\n\n\n

Meanwhile, Donald Trump owns 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<\/strong><\/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<\/strong><\/p>\n\n\n\n

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

Trump\u2019s MAGAnomics tax scam gifted handouts to the ultra-rich and big corporations while leaving working families behind.<\/strong><\/p>\n\n\n\n

Forbes<\/a>: \u201cTrump Tax Cuts Helped Billionaires Pay Less Taxes Than The Working Class In 2018\u201d<\/strong><\/p>\n\n\n\n

CBS News<\/a>: \u201cTwo years after Trump tax cuts, middle-class Americans are falling behind\u201d<\/strong><\/p>\n\n\n\n

The Guardian<\/a>: \u201cThey were billed as a \u2018middle-class miracle\u2019 but according to a new book Donald Trump\u2019s $1.5tn tax cuts have helped billionaires pay a lower rate than the working class for the first time in history.\u201d<\/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.<\/strong> 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

Trump is now rooting for the economy to crash to help his political standing.<\/strong><\/p>\n\n\n\n

Trump<\/a>: \u201cAnd when there\u2019s a crash \u2014 I hope it\u2019s going to be during this next 12 months because I don\u2019t want to be Herbert Hoover. The one president I just don\u2019t want to be, Herbert Hoover.\u201d<\/p>\n\n\n\n

Daily Beast<\/a>: \u201cDonald Trump admitted Monday that he wants a severe economic downturn to happen during the next year, because it will help his odds of winning the presidential election.\u201d<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

In response to today\u2019s strong March jobs report, DNC Rapid Response Director Alex Floyd released the following statement: \u201cThanks to President Biden, America\u2019s economy is booming \u2014 and today\u2019s jobs record proves it. After Donald Trump left office with the worst jobs record since the Great Depression, President Biden brought America back, helping to create […]<\/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-1030542","post","type-post","status-publish","format-standard","hentry","category-press-release"],"acf":[],"yoast_head":"\nNEW: President Biden\u2019s Economy Added More than 15 Million Jobs While Trump Left Office With the Worst Jobs Record Since the Great Depression - 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-president-bidens-economy-added-more-than-15-million-jobs-while-trump-left-office-with-the-worst-jobs-record-since-the-great-depression\/\" \/>\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=\"2024-04-05T15:35:27+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-05-10T16:41:42+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=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/democrats.org\/news\/new-president-bidens-economy-added-more-than-15-million-jobs-while-trump-left-office-with-the-worst-jobs-record-since-the-great-depression\/\",\"url\":\"https:\/\/democrats.org\/news\/new-president-bidens-economy-added-more-than-15-million-jobs-while-trump-left-office-with-the-worst-jobs-record-since-the-great-depression\/\",\"name\":\"NEW: President Biden\u2019s Economy Added More than 15 Million Jobs While Trump Left Office With the Worst Jobs Record Since the Great Depression - 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