The good news about the economy that you’re not hearing enough about

Rose Khattar and Andres Vinelli examine how the U.S. economic recovery has actually been remarkably strong, in large part due to the Biden administration's fiscal policy; but more needs to be done to ensure that this historic recovery continues.

Media Contact

Sarah Nadeau

Associate Director, Media Relations

[email protected]

Julia Cusick

Vice President, Communications

[email protected]

Government Affairs

Madeline Shepherd

Senior Director, Government Affairs

[email protected]

Jerry Parshall

Senior Director, Safety and Justice Campaign; Director, State and Local Government Affairs

[email protected]

Over the last several weeks, headlines about inflation and the U.S. supply chain have been unavoidable. While news about the costs of everyday items and the ways in which the COVID-19 crisis has snarled the supply chain are certainly newsworthy, there are two other economic indicators that are just as—if not more—important but receiving less coverage: gross domestic product (GDP) and employment.

It may be surprising to some but there is actually a lot of positive economic news on these two fronts. In fact, the U.S. economy has recovered faster than comparable countries, continues to grow at a rapid pace, and is recovering jobs lost to the pandemic much faster than anticipated.

The above excerpt was originally published in MarketWatch. Click here to view the full article.

The positions of American Progress, and our policy experts, are independent, and the findings and conclusions presented are those of American Progress alone. American Progress would like to acknowledge the many generous supporters who make our work possible.

Authors

Rose Khattar

Former Director of Economic Analysis, Inclusive Economy

Andres Vinelli

Former Vice President, Economic Policy

Topics

States

The good news about the economy that you’re not hearing enough about