Thanks To Democrats’ American Rescue Plan, Jobless Claims Have “Fallen Steadily” & Personal Income Is “Skyrocketing”

Unemployment fillings fell again last week –– “a sign that layoffs declined and the job market is improving,” and continuing jobless claims “sank to the lowest level since March 21, 2020.”  

“Initial filings have been unambiguously on the decline” thanks to business reopenings –– made possible by Democrats’ American Rescue Plan –– “helping stoke economic activity and demand for labor.” What’s more, the critical pandemic relief passed by Senate Democrats “sent personal income skyrocketing across the country.” And thanks to the increase in vaccinations facilitated by the American Rescue Plan, consumer spending grew at a “sizzling” rate and economists are forecasting “what could be the strongest year for the economy in growth led by strong consumer spending.” 

Reminder: Senate Republicans unanimously opposed:

• Delivering $1,400 direct relief checks
• Ramping up access to vaccines and testing
• Providing additional local funding to help schools safely reopen
• Sending critical aid to state and local governments to help keep first responders on the job
• Extending emergency unemployment insurance
• Boosting critical small business assistance

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