‘Bidenomics’ is About Creating Good Jobs and Empowering America’s Workers

Acting Secretary Julie Su speaks at the Employment and Training Administration's Job Quality Academy Summit, part of President Biden's Investing in America tour.

When President Biden took office, he made a promise to rebuild our middle class and bring good jobs to communities across the nation – and he delivered. 

President Biden has proven that an economy that invests in and prioritizes growth and opportunities for workers is not only possible, it’s essential.

President Biden’s economic agenda, coupled with game-changing investments, places its faith in America’s workers to build roads, repair bridges, strengthen our ports, expand reliable, affordable broadband, deliver clean drinking water and pave the way to a clean energy future – all while creating good paying jobs in communities across the nation.

Let’s look at ‘Bidenomics’ by the numbers:  

  • Over 13 million jobs created since the President took office;  
  • A historic low unemployment rate of 3.7%, and an unemployment rate below 4 percent for the longest period since the 1960s;  
    • Including record low unemployment rates for African Americans, Hispanic Americans, and people with disabilities—and a 70-year low for women.
  • The highest labor market participation rate for women since the BLS series began in 1948.
  • More than 35,000 projects already funded, spurring job growth in communities across the country,  

With these once-in-a-generation investments, we’re doing more than creating a record number of jobs.

Through our Good Jobs Initiative, the Department has embedded job quality and equity incentives into nearly $100 billion in Bipartisan Infrastructure Law funds. And we’re laser-focused on ensuring that these investments help create good quality jobs that expand pathways to the middle class, particularly in communities that need them the most.

The Department is working hand-in-hand with our partners at the federal, state, and local level to ensure that workers, families, and communities who have historically been left behind can now benefit from these historic investments. Through our workforce development initiatives, we’re focused on making sure all workers have equitable access to opportunities – including individuals without college degrees, those in rural communities and urban centers, veterans, workers of color, LGBTQIA+ workers, workers with disabilities, and those formerly incarcerated.

At the Department of Labor and across the Administration, we’re committed to empowering workers and building equity into everything we do, from making it easier to join a union, to expanding labor-management partnerships, to ensuring workers get the education and training they need to get good-paying jobs—including jobs that don’t require a 4-year degree.  

As President Biden says, a job is about more than just a paycheck. It’s about dignity and peace of mind that comes with knowing you can put food on the table, support loved ones and plan for your future. Good jobs build up families and communities.  

The President’s Investing in America agenda is essential to making structural, long-term changes. I’m excited and honored to continue that work and finish the job of growing our economy in a way that benefits all of America's workers.