One Year Since President Biden Took Office, Georgia’s Economy is Booming

As this week marks one year since President Biden and Vice President Harris were inaugurated, Georgia’s economy is flourishing thanks to the American Rescue Plan and the Biden-Harris administration’s economic leadership. Despite unanimous opposition from Brian Kemp and Georgia’s GOP congressional delegation, President Biden and Democrats’ American Rescue Plan has gotten hundreds of thousands of Georgians back to work, reduced child poverty, and bolstered Georgia’s local and state budgets. On the whole, the country is experiencing the greatest year of job creation and the sharpest single-year drop in unemployment in American history.

Adding onto this historic economic package, President Biden also passed the Bipartisan Infrastructure Law – a once-in-a-generation investment in jobs and economic competitiveness for Georgia and America. Experts estimate that the Bipartisan Infrastructure Law could create around 400,000 new jobs in Georgia alone over the next ten years. 

“In just one year under the Biden-Harris administration’s leadership, Georgia’s economy has roared back at historic levels thanks to President Biden’s economic agenda. While Brian Kemp and Georgia Republicans opposed the same economic package they now seek to take credit for, Senators Jon Ossoff and Reverend Raphael Warnock and Georgia Democrats helped President Biden deliver hundreds of thousands of jobs for Georgians with the American Rescue Plan,” Rhyan Lake, spokeswoman for the Democratic Party of Georgia, said. “Now, the Bipartisan Infrastructure Law is already making a positive impact on our state and will create a new generation of good-paying union jobs for years to come. While there is more work to do to remedy the strains that the pandemic has put on the economy, these accomplishments are a testament to the Biden-Harris administration’s commitment to delivering results for working families.”

Read more about President Biden and Vice President Harris’ historic economic accomplishments over the past year:

• Jobs: President Biden’s first year in office was the greatest year of job creation in American history, with more than 6 million jobs created. In November 2020, Georgia employed the highest number of Georgians ever.
• Unemployment Rate: The unemployment rate dropped from 6.2% when President Biden took office to 3.9%, the biggest single year drop in American history. In December 2021, Georgia’s unemployment rate fell to a new all-time low.
• Unemployment Claims: The average number of Americans filing for unemployment has been near its lowest level since 1969. When the President took office, over 18 million Americans were receiving unemployment benefits, today only 2 million are—also the biggest single year drop in history. Georgia’s jobless claims have also dropped to pre-pandemic levels.
• Economic Legislation Passed: The American Rescue Plan has had the most significant economic impact of any first-year president.
• Child Poverty: Experts estimate that the expanded Child Tax Credits in the American Rescue Plan kept 3.8 million children out of poverty.

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