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Job Growth Strong Yet Again !

US job growth was strong in March 2023 resulting in an unemployment rate falling to 3.5% ! A total of 236,000 jobs were added.

So what could be fueling this economic growth and job creation ?

To date, the Administration has announced nearly $200 billion in funding and over 20,000 projects or awards, which touch over 4,500 communities.

In January 2023, the President has announced awards for regionally or nationally-significant projects including over $2 billion to upgrade some our nation’s most economically significant bridges and over $1.2 billion in Mega grants. These infrastructure investments will create good-paying jobs – including union jobs and jobs that do not require a college degree. The projects will grow the economy, strengthen supply chains, improve mobility for residents, and make our transportation systems safer for all users.

Thanks to President Biden’s Investing in America Agenda – including historic legislation signed into law by President Biden such as the American Rescue Plan, Bipartisan Infrastructure Law, CHIPS and Science Act, and Inflation Reduction Act – that is changing. Since the President took office in 2021, companies have committed over $12 billion in private sector investments across Virginia. This would have been more if Glenn Youngkin did not let paranoia and politics get in the way of Ford building a $3.5 billion and 2500 jobs EV battery plant being built in Southside Virginia. Instead, it is being built in Michigan.

The Biden economy is humming along.

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