President Biden's job-generating policy should improve the lives of Americans over the next few years.
Reviving the flagging American economy is one of the major pillars of President Joe Biden’s policy goals. Just a week into his term, Biden has outlined several plans for creating jobs and otherwise improving the lives of workers across the nation. An analysis by Moody's Analyties estimates that Biden’s first major proposal, the American rescue Plan, could create 7.5 million jobs this year, with another 2.5 million jobs in 2022. But Biden has a lot of ground to make up for: the U.S. continues to slowly recover from the pandemic unemployment crisis, with millions of people still out of work or managing a reduced income. More than 40 million workers—about 25% of the entire labor force—lost their jobs last spring, as the economy shut down to try to stop the spread of the coronavirus. The unemployment rate improved in the summer and fall (as of January 2021, it’s sitting at 6.7%, or about 10.8 million people). But as recently as December 2020, four miliion people had been unemploye