This morning’s report confirms that 2023 was a terrific 12 months for American employees. The economic system created 2.7 million new jobs in 2023—a 12 months when the unemployment price was persistently beneath 4 p.c—extra jobs than throughout any 12 months of the prior Administration.
The sturdy job creation continued at the same time as inflation fell to the pre-pandemic stage of two p.c during the last six months, and key costs have fallen during the last 12 months—for a gallon of gasoline, a gallon of milk, toys, home equipment, automobile leases, and airline fares. American employees’ wages and wealth are increased now than earlier than the pandemic started, adjusting for inflation.
I gained’t cease preventing for American employees and American households. I do know that some costs are nonetheless too excessive for too many People, and I’m doing every part in my energy to decrease on a regular basis prices for hard-working People—from bringing down the value of insulin, prescribed drugs, and vitality, to addressing hidden junk charges corporations use to tear you off, to calling on giant companies to cross on financial savings to shoppers as their prices reasonable. And I’ll proceed opposing efforts by Congressional Republicans to bathe huge giveaways on the rich and massive companies, lower Medicare, Medicaid, and Social Safety, and block us from reducing prices for American households.
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