The nation’s gross domestic product, the value of all goods and services produced in the U.S., increased at a seasonally adjusted annual rate of 6.9% in the October-December period, the Commerce Department said Thursday. Economists surveyed by Bloomberg had forecast a 5.3% rise in GDP.
President Biden and Vice President Harris delivered results for the American people in their first year in office. The President and Vice President made history growing our economy, addressing the climate crisis, and building a judiciary and government that represents America. Despite unprecedented challenges, 2021 was a year of record progress for working families.
Jobs: President Biden’s first year was the greatest year of job creation in American history, with more than 6 million jobs created.
Unemployment Rate: The unemployment rate dropped from 6.2% when Biden took office to 3.9%, the biggest single year drop in American history.
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 were receiving unemployment benefits, today only 2 million are—also the biggest single year drop in history.
Economic Legislation Passed: Most significant by economic impact of any first-year president.
Child Poverty: Experts estimate the lowest child poverty rate ever in 2021.
Expanded Access to Health Care: Nearly 5 million Americans have newly gained health insurance coverage.
Reduced Hunger: The number of households reporting that they sometimes or often did not have enough food to eat dropped by 32%.
Judges Confirmed: More judges confirmed to lower federal courts than any president since President Kennedy.
Judges That Reflect Our Nation: More Black women appointed to the U.S. Court of Appeals than any president – even over 8 years – in history.
Cabinet: First majority non-white Cabinet in history, with most women in the Cabinet, including first woman Treasury Secretary, first LGBTQ+ and Native American Cabinet officials, and first woman Director of National Intelligence.
Climate Investments: Largest investments ever in the power grid, electric vehicle chargers, and climate resilience.
Clean Water: Largest investment and national, bipartisan plan to get safe and clean drinking water to all Americans.
Cleaner Cars: Strongest vehicle emissions standards ever to save drivers money at the pump and reduce pollution.
Wind: First-ever approvals of large-scale offshore wind projects.
Personnel: Most diverse Administration in history – most women, people of color, disability, LGBTQ+, first generation American, and first-generation college graduates.
1) $1.2 trillion bipartisan infrastructure package
2) The $1.9 trillion COVID relief deal
3) Highest appointment of federal judges since Reagan
4) Halt on Federal Executions
5) Commitment to Combating Climate Change
6) Support for Transgender Service Members
7) Reduced unemployment