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Mr. SCHNEIDER. Mr. Speaker, I rise to reflect on the remarkable progress of our Nation's economy over the previous 12 months in what I suspect history will label the Biden boom.
The progress achieved in 2021, helped along by the American Rescue Plan, is unmatched in American history. Our economy is growing at its fastest rate in 40 years. The Nation added 6.4 million new jobs, and unemployment is now at 3.9 percent, representing the sharpest ever 1- year decline.
J.P. Morgan CEO Jamie Dimon recently said: ``The consumer balance sheet has never been in better shape,'' predicting continued extraordinary growth.
A Bloomberg analysis found that President Biden's first year is ranked either first or second among Presidents for, among other things, GDP growth, S&P 500 performance, nonfarm payrolls, manufacturing jobs, and business productivity.
I recognize we still have real challenges, including worker shortages, supply chain disruptions, and inflation. But working together, Congress and President Biden are positioned to move our economy forward and get us through this pandemic stronger than when we went in.
Whether Republican, Democrat, Independent, or anything else, every American should be celebrating the resilience of the American spirit.
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