Over the last four years, the US economy has witnessed significant growth, adding more than 14.8 million jobs, including a remarkable increase of 800,000 manufacturing jobs—the largest gain since the 1970s. This period has also seen the creation of 10 million new small businesses in 2021 and 2022 alone, marking the strongest two-year period on record. Amidst this growth, the unemployment rate has plummeted to under 4%, the lowest level in 54 years. Notably, American wages have surged at the fastest rate this century, with inflation falling for 11 consecutive months to half its post-COVID peak. This has allowed US wages to not only outpace inflation but also to achieve the greatest gains among major economies worldwide, with young Americans and those starting families experiencing wage growth at four times the average rate.

The US economy is now outpacing China's for the first time since the 1970s, with significant contributions from the manufacturing sector, which has seen wages increase by over 25% from pre-pandemic levels. Nearly 90% of manufacturing positions now qualify for healthcare benefits, underscoring the enhanced quality of these new jobs. The manufacturing sector's resurgence has added nearly $12 trillion to the US economy and exported $1.6 trillion in goods last year alone. American workers are now enjoying greater financial security, with savings for retirement at an all-time high, showcasing the robust health and promising outlook of the US economy in a post-pandemic world.