![]() ![]() Jobs have been recovered 23 times faster than the previous administration’s recovery.Since coronavirus lockdowns ended, the economy has added back over 12 million jobs, more than half the jobs lost.During the third quarter of 2020, the economy grew at a rate of 33.1 percent – the most rapid GDP growth ever recorded.An October 2020 Gallup survey found 56 percent of Americans said they were better off during a pandemic than four years prior.Strengthened America’s rural economy by investing over $1.3 billion through the Agriculture Department’s ReConnect Program to bring high-speed broadband infrastructure to rural America.Īchieved a record-setting economic comeback by rejecting blanket lockdowns.Signed an Executive Order on Modernizing the Regulatory Framework for Agricultural Biotechnology Products, which is bringing innovative new technologies to market in American farming and agriculture.Rebuilding and investing in rural America. The S&P 500 and NASDAQ have repeatedly notched record highs.The DOW closed above 20,000 for the first time in 2017 and topped 30,000 in 2020.Hit record stock market numbers and record 401ks. Small business optimism broke a 35-year old record in 2018.Put in place policies to bring back supply chains from overseas.Created more than 1.2 million manufacturing and construction jobs.African American homeownership increased from 41.7 percent to 46.4 percent.īrought jobs, factories, and industries back to the USA.Wages rose fastest for low-income and blue collar workers – a 16 percent pay increase.The bottom 50 percent of American households saw a 40 percent increase in net worth.Income inequality fell for two straight years, and by the largest amount in over a decade.Poverty rates for African Americans and Hispanic Americans reached record lows.Lifted nearly 7 million people off of food stamps.Unemployment for women hit its lowest rate in nearly 70 years.Unemployment rates for African Americans, Hispanic Americans, Asian Americans, Native Americans, veterans, individuals with disabilities, and those without a high school diploma all reached record lows.Incomes rose in every single metro area in the United States for the first time in nearly 3 decades.ĭelivered a future of greater promise and opportunity for citizens of all backgrounds.The number of people claiming unemployment insurance as a share of the population hit its lowest on record.Jobless claims hit a nearly 50-year low.More Americans reported being employed than ever before – nearly 160 million. ![]() Achieved 40 months in a row with more job openings than job-hirings.The unemployment rate reached 3.5 percent, the lowest in a half-century.Middle-Class family income increased nearly $6,000 – more than five times the gains during the entire previous administration.America gained 7 million new jobs – more than three times government experts’ projections.Before the China Virus invaded our shores, we built the world’s most prosperous economy. ![]()
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