The U.S. Bureau of Statistics today released the State Employment and Unemployment report for July. In July, North Carolina added 75,600 jobs and was reported to be in the top three states with the largest job gains. North Carolina’s unemployment rate also continues to decline, decreasing from 4.6 percent in June to 4.4 percent in July. The state’s unemployment rate is below the national unemployment rate of 5.4 percent.
As North Carolina and states across the country get back on track following the economic downturn throughout the COVID-19 pandemic, the significant decline in unemployment rates from July 2020 to July 2021 and steady gains in job numbers are further proof that President Biden, Governor Cooper and Democrats’ economic plan is working in North Carolina.
“Over 75,000 jobs were created in North Carolina just in this past month alone. This historic job growth is a direct result of President Biden, Governor Cooper and Democrats’ economic recovery plans that have created jobs, increased wages, spurred growth, and brought down costs for working families — no thanks to North Carolina Republicans, who have stood in the way, voting against historic legislation like the American Rescue Plan. The economy is on the up and up and it’s because President Biden, Governor Cooper and Democrats are delivering for working people in North Carolina,” said NCDP Spokesperson Ellie Dougherty.
By focusing on rebuilding America’s transportation infrastructure, revitalizing American manufacturing, and reducing the cost of child care and education, President Biden’s leadership has delivered historic job growth – the most in any president’s first six months.
Just yesterday, CNBC reported that the expanded Child Tax Credit included in President Biden and Democrats’ American Rescue Plan has reduced financial anxiety for 56% of American families in one month alone. Reuters also reported that unemployment claims in the U.S. fell to a 17-month low.