From the News

Job growth rose far more than expected in January despite surging omicron cases that seemingly sent millions of workers to the sidelines, the Labor Department reported Friday. Nonfarm payrolls surged by 467,000 for the month, while the unemployment rate edged higher to 4%, according to the Bureau of Labor Statistics. The Dow Jones estimate was for payroll growth of 150,000 and a 3.9% unemployment rate.

“Decades of diminished bargaining power, stagnant wage growth, diminishing returns from additional years of working, and increasingly strenuous and dangerous jobs have contributed to widespread economic insecurity among older workers and constricted broad-based economic growth,” Beyer contended.

Access to safe and legal abortion enables people to make the decisions that are right for them and their financial security. These decisions have lifelong economic consequences not only for the people directly impacted, but also their families and communities.

The U.S. unemployment rate fell below 4% and wages jumped last month, adding to evidence of a tight labor market that’s expected to help spur Federal Reserve interest-rate liftoff as soon as March despite disappointing payroll growth. The jobless rate dropped to 3.9% and monthly wage growth accelerated in December, a Labor Department report showed Friday.

U.S. companies hired employees at the fastest pace in seven months in December, before a surge in the new omicron coronavirus variant cast a fresh threat over the economic recovery, according to the ADP National Employment Report released Wednesday morning.

On Tuesday, Democrats in Congress voted to raise the debt limit — staving off what would have been a catastrophic and unprecedented default on the U.S. government's outstanding debts — while 49 Republican senators and 209 Republican House members voted against the measure.

The Internal Revenue Service is delivering the last monthly Child Tax Credit (CTC) payment Wednesday as the future of the tax benefit hangs in the balance on Capitol Hill.

The U.S. House voted early Wednesday to raise the nation’s debt ceiling by $2.5 trillion, an amount intended to extend the government’s borrowing authority past next year’s congressional elections and into early 2023.

Joint Economic Committee Democrats Chairman - Senator Martin Heinrich (D-NM)

From the News

Feb 14 2022

CNBC: Payrolls Show Surprisingly Powerful Gain of 467,000 in January Despite Omicron Surge

Feb 10 2022

FORBES: Older Americans Are Better Off Than Ever Asserts Conservative Senator, Think Tank Researcher

Jan 31 2022

FALLS CHURCH NEWS PRESS: Congressman Don Beyer: “Abortion Access Is Key to Economic Freedom”

Jan 19 2022

NEW YORK TIMES: Tales From Crypto: A Billionaire Meme Feud Threatens Industry Unity

Jan 10 2022

BLOOMBERG GOVERNMENT: U.S. Jobless Rate Falls as Wages Jump, Adding Pressure on Fed

Jan 07 2022

MSNBC: U.S. Job Growth in Biden's First Year Tops 6.4 Million

Jan 05 2022

FOX BUSINESS: Private-sector job growth blows past expectations in December, ADP says

Dec 16 2021

AMERICAN INDEPENDENT: 258 congressional Republicans vote for catastrophic debt default

Dec 15 2021

YAHOO MONEY: Child Tax Credit: Families get their last payment as its future remains uncertain

Dec 15 2021

BLOOMBERG: House Clears $2.5 Trillion Debt Ceiling Boost, Sends to Biden