When President Biden ran for office, he promised to build an economy that works for all— and he delivered. In over two years since he took office, Biden has presided over an economy that has added more than 13.2 million jobs, empowered workers, and created a more equitable economy for Latinos and all Americans. This progress is the result of policies aimed at growing the middle class. And Biden has signed historic legislation to create a solid foundation for the economy to grow further by investing in workers.
When President Biden took office, he inherited an unemployment rate of 6.3 percent and the Congressional Budget Office projected the unemployment rate would remain above 4 percent throughout his first term. Yet, the unemployment rate fell below 4 percent in December 2021, less than a year into his presidency, and the economy has not looked back since— staying at or below 4 percent for 19 months.
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The above excerpt was originally published in La Opinión.
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