Biden to tout economic plan in Labor Day remarks in Philadelphia

President Biden will travel to Philadelphia Monday to mark Labor Day and deliver remarks likely centered on his administration’s economic plan for American workers, a White House official said.

Biden is slated to speak at the Annual Tri-State Labor Day Parade in Philadelphia where he is likely to discuss his “Bidenomics” agenda and its role in supporting workers. 

The White House has spent the last few weeks lauding its Bidenomics agenda in the wake of the one-year anniversary of the Inflation Reduction Act (IRA), a sweeping economic legislation aimed at tackling inflation, increasing jobs and decreasing unemployment levels. 

In an op-ed published Sunday, Biden touted the working economy in Wisconsin, one of the few remaining battleground states. The president pointed to increasing wages, rising job satisfaction and restored union pensions and claimed inflation is “near its lowest point in over two years.” 

The president claimed his economic policies have created over 13 million jobs, including 800,000 in manufacturing, and brought the unemployment level below 4 percent for the longest stretch in 50 years. 

Biden has pledged to be the “most pro-worker and pro-union president in American history, though his administration has received criticism over the county’s stubborn inflation in the past two years and increasing interest rates from the Federal Reserve. 

In a fact sheet released by the White House ahead of Labor Day, the Biden administration said support for unions is at its highest level in over half a century, inflation adjusted income is up 3.5 percent since Biden took office and the largest wage gains have gone to the lowest-paid workers. 

“Under the leadership of the Biden-Harris administration, all workers – including those who are often left behind in recoveries – are experiencing record-low unemployment rates,” the statement from The White House wrote. 

The Biden administration announced last week a series of actions to “empower workers” including increased wages, the creation of more clean energy jobs, a “fair and just” transition to electric vehicles and continued research on the benefit of unions. 

Biden has also touted the Department of Labor’s proposed rule, which would increase the overtime salary threshold from under $36,000 to roughly $55,000 per year, and extend overtime pay to as many as 3.6 million Americans.

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