Bidenomics At Work: Unemployment Under 4% for Longest Period in 50 Years With Job Boom in Clean Energy Sector
WASHINGTON, D.C. – Bidenomics is delivering for families across the nation, creating jobs, investing in clean energy, and lowering costs. In less than a year, President Biden’s clean energy plan has created over 142,000 jobs in the clean energy sector – most of which are in Republican-held districts – contributing to an unemployment rate under 4% for the longest stretch in 50 years.
Clean energy is at the center of Bidenomics; continued investment in clean manufacturing means more jobs for workers. In a speech on Thursday, President Biden touted Bidenomics working for all Americans:
“Look, folks, on a very serious note, when I ran, when I got elected, when I proposed these pieces of legislation, I made a commitment that I would be president for all Americans, whether their elected officials voted for the — the events or not — all Americans, whether you voted for me or not. And I’ve kept my promise.
“In fact, some analyses have said that the laws I’ve signed are going to do more to help red America than blue America. Well, that’s okay with me, because we’re all Americans. Because my view is: Wherever the need is most, that’s the place we should be helping. And that’s what we’re doing. Because the way I look at it, the progress we’re making is good for all Americans, all of America.”
- Clean energy projects creating 142,016 new jobs in 41 states were announced or advanced between August 16, 2022 and March 31, 2023.
- As of March 31, 2023, there are 191 new clean energy projects in small towns and bigger cities nationwide totaling $242.81 billion in new investments.
- American companies restored almost 350,000 manufacturing jobs in 2022 — a 25 percent increase from 2021.
- A new study from BlueGreen Alliance shows the Inflation Reduction Act will create over 9 million clean energy and climate-related jobs over the next decade.