job growth in america this year, 5.6 million jobs just since i was sworn in on january the 20. more jobs created at this point in a new presidency than ever before in american history. we have seen a dramatic drop in the unemployment rail. from a high of 14.8% in april of 2020 to 4.6% today. earlier this year, independent experts were predicting it would take until the end of 2023 to see unemployment that low. our economy is creating new businesses, lots of new businesses. in fact, americans are starting small businesses at a record rate. up 30% compared to before the pandemic. economists will tell you that an increase in new business is one of the best signs of an economy, an economy that s becoming more innovative and more dynamic, and that s because small businesses aren t just the heart and soul
but now let me turn to today s announcement. 20 months ago, the covid-19 pandemic exploded in america, creating the worst economic crisis we have faced since the great depression. wreaking havoc not only on our economy, but the economies across the world. in two months, over 20 million americans lost their jobs and an unemployment rate shot up to 14.8%. the highest ever recorded in america. all of us remember the scenes, major cities and small towns, main streets that looked like ghost towns, boarded up businesses, empty roads and highways and airports and train stations. offices were closed, schools were closed, and hospitals were taken to the breaking point. when you remember the depths of the crisis we faced it s the more amazing the progress that
coalition. let mejust their price for coming into a coalition. let me just pause for a moment, because we have been talking about exit polls, showing youtube for the last hour or so. we now have a projection. this has come and while we were listening to the party leaders, and these are. listen to this. it is putting the spd on 24.9, and the cdu on 24.7, so .2 of a percentage points between the two biggest parties and then has a greens on 14.8, very close to what we were told the free market liberals on 11, and die linke on fire. that was expected the far right also on 11%. those are first projection is largely in line with what the exit polls were sent, but one had given it separately to the social democrats and one didn t. the first project are suggesting this is as tight as it could possibly be.
no agents to apprehend them. this is the sort of thing that happens every day. you could be on some random road and you could have a group of runners come running across. look at our fox drone this is why we are here. at what you are looking at is a compound, emergency compound in the park that was built by the city of mcallen and what it is is a compound to house a covid positive illegal immigrants who have been released from border patrol custody in the city said they had to build this as an emergency shelter because the federal government was that just dumping 70 migrants into downtown mcallen, releasing them into the custody of the catholic charities and so many were testing positive for covid that they had to put them somewhere because the feds were just releasing them in the latest numbers we have is 14.8% of those migrants were testing positive for covid 19 and in one week alone the feds dropped off more than 11,000 migrants to get that compound you are looking at is the city sa
going to be they are going to be some ups and downs. we need to make this economy work better for working families in the long run. these challenges were with us long before the pandemic and before i took office. laura: okay, here s the reality. unemployment peaked at 14.8% in april of 2020. economists thought it was going to stay high for a long time, but what happened? and the red states reopened the economy, causing unlimited plunge down to 3.6% in january when trump left office. under biden, unemployment has only fallen 0.9 points. before the pandemic, median household income, remember, it went up $5,000 during terms presidency, and unemployment is at historic lows. joe, you may be feeling the rest of the press, but not the angle. it s easy to understand why