INDIANAPOLIS — Today’s August Jobs Report out on the eve of Labor Day weekend shows continued progress made by the Biden-Harris administration in creating new sustainable jobs and growing wages for families.
Wages grew by over four percent year over year in August, and the American economy added over 187,000 jobs — 17,000 more than the expected number of 170K. It’s yet another example of Bidenomics delivering in the heartland.
“With today’s jobs announcement, the economy has added nearly 13.5 million jobs since President Biden and Vice President Harris took office in January 2021,” said Indiana Democratic Party Chair Mike Schmuhl. “It’s great to have a president who believes in the power of union labor. Ahead of this Labor Day, unions are more popular than they’ve been in decades, and memberships are climbing. Democrats are committed to strengthening unions, and raising wages for workers. It’s why the Infrastructure and Jobs Act, as well as the Inflation Reduction Act contained provisions to have in the industries of the future — like electric vehicle and battery production, and biomanufacturing — built right here in Indiana. Democrats are creating jobs, supporting unions, and taking on Big Pharma because protecting workers builds stronger communities.”
Here’s how Democrats and President Biden have delivered for Hoosiers ahead of Labor Day 2023:
- Nearly 13.5 million jobs created since January 2021;
- Wages up over four percent in the last year;
- The share of prime working age Americans in the workforce is at a 20-year high;
- Over $15 billion of private investment slated for Indiana since the start of the Biden administration;
- Over $8 billion worth of public investment has been earmarked for Indiana;
- Hundreds of thousands of auto industry jobs created across the country, including over 120,000 auto manufacturing jobs;
- Ensuring the overwhelming majority of the investments in the Bipartisan Infrastructure Law and the CHIPS and Science Act are covered by Davis-Bacon prevailing wage requirements.
- Raised the minimum wage for federal workers and contractors.
- Annual inflation is down by over 60% from last summer.