Record Economic Growth Continues Under President Biden; Biden-Harris Administration Makes Historic Investment in Arkansas

LITTLE ROCK – Today, the Democratic Party of Arkansas released the following statement after the U.S. Department of Labor announced that nonfarm payrolls increased by 209,000 jobs in June, bringing the total jobs created under President Biden’s leadership to over 13.2 million:

“Today’s strong jobs report is yet another example of Bidenomics in action,” said Democratic Party of Arkansas Chair Grant Tennille. With these new good-paying jobs adding to the millions created over the past two and a half years and unemployment near a record low, families across Arkansas are reaping the benefits of the Biden boom. Despite our congressional delegation’s efforts to derail the historic infrastructure and domestic spending legislation, the Biden Administration has already committed to investing nearly $4 billion in Arkansas, including more than $1 billion for high-speed Internet for more than 215,000 families and small businesses. 

“Arkansans haven’t forgotten what it was like under Donald Trump and the MAGA Republicans’ economy: broken promises, tax handouts to the biggest corporations that left middle-class families behind, and the highest unemployment since the Great Depression. President Joe Biden and Vice President Kamala Harris are continuing to build our economy from the bottom up and the middle out, and they are refusing to leave Arkansas behind.”

Here’s a look at how Bidenomics is delivering across the country:

  • The US economy added 209,000 jobs in June, bringing the total job created since President Biden took office to a record 13.2 million jobs – including nearly 800,000 good-paying manufacturing jobs.
  • The share of prime, working-age Americans in the workforce is at its highest level in more than 20 years.
  • The unemployment rate has been below 4 percent for 17 months in a row – the longest stretch of low unemployment since the 1960s. 
  • Wages are growing at one of the fastest rates in years, up 4.4 percent in the past year.
  • Annual inflation has fallen for 11 months in a row and is down by more than half since last summer.