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Economic Report of the President: March 2023 - Full Size 8 1/2 by 11 inch

The White House

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March 2023 - Full Size 8 1/2 by 11 Printed in Black and White
Together with the annual report of the council of economic advisers.
Our Nation has faced tremendous challenges in recent years. A deadly pandemic
and unprovoked war in Ukraine have tested our economy unlike any
time since the Great Depression. When I was sworn into office, COVID-19
was raging and our economy was reeling. Millions of workers were out of
a job, through no fault of their own. Hundreds of thousands of businesses
had closed, our supply chains were snarled, and many schools were still
shuttered. Families across the country were feeling real pain.

Today, two years later, 230 million Americans have been vaccinated,
and COVID no longer controls our lives. We have created a record 12 million
jobs, which constitute the strongest two years of job gains on record.
Unemployment is at a more than 50-year low, with near-record lows for
Black and Latino workers, and manufacturing jobs have recovered faster
than in any business cycle since 1953. Growth is up, wages are up, and inflation
is coming down. At the same time, a record 10 million Americans have
applied to start small businesses—each of their applications an act of hope.
More Americans have health insurance today than ever before in our history,
and real household wealth is 10 percent above what it was before COVID.
It is safe to Our economic plan is working, and American families are
starting to have a little more breathing room.

It is important to remember, however, that the economic anxiety so
many have felt did not start with the pandemic. For decades, the backbone of
America, the middle class, has been hollowed out. Too many American jobs
have been shipped overseas. Unions have been weakened. Once-thriving cities
and towns have become shadows of what they used to be, robbing people
of hard-earned pride and self-worth.

USGOVPUB.COM

Language: English

Pages: 512

Format: Paperback

Release: July 14, 2023

ISBN 13: 9798852325549

Economic Report of the President: March 2023 - Full Size 8 1/2 by 11 inch

The White House

0/5 ( ratings)

March 2023 - Full Size 8 1/2 by 11 Printed in Black and White
Together with the annual report of the council of economic advisers.
Our Nation has faced tremendous challenges in recent years. A deadly pandemic
and unprovoked war in Ukraine have tested our economy unlike any
time since the Great Depression. When I was sworn into office, COVID-19
was raging and our economy was reeling. Millions of workers were out of
a job, through no fault of their own. Hundreds of thousands of businesses
had closed, our supply chains were snarled, and many schools were still
shuttered. Families across the country were feeling real pain.

Today, two years later, 230 million Americans have been vaccinated,
and COVID no longer controls our lives. We have created a record 12 million
jobs, which constitute the strongest two years of job gains on record.
Unemployment is at a more than 50-year low, with near-record lows for
Black and Latino workers, and manufacturing jobs have recovered faster
than in any business cycle since 1953. Growth is up, wages are up, and inflation
is coming down. At the same time, a record 10 million Americans have
applied to start small businesses—each of their applications an act of hope.
More Americans have health insurance today than ever before in our history,
and real household wealth is 10 percent above what it was before COVID.
It is safe to Our economic plan is working, and American families are
starting to have a little more breathing room.

It is important to remember, however, that the economic anxiety so
many have felt did not start with the pandemic. For decades, the backbone of
America, the middle class, has been hollowed out. Too many American jobs
have been shipped overseas. Unions have been weakened. Once-thriving cities
and towns have become shadows of what they used to be, robbing people
of hard-earned pride and self-worth.

USGOVPUB.COM

Language: English

Pages: 512

Format: Paperback

Release: July 14, 2023

ISBN 13: 9798852325549

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