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Today, Congressman Don Beyer (D-VA), Chairman of the U.S. Congress Joint Economic Committee (JEC), released the following statement after the Bureau of Labor Statistics (BLS) reported that nonfarm payroll employment increased by 263,000 in September, and the unemployment rate decreased to 3.5%.

JEC analysis finds lower women’s earnings, higher child poverty rates in states with more restrictive abortion laws.

Pandemic disruptions contributed to increased opioid use, highest-ever number of opioid fatalities

Wealth of data show Hispanics make outsized contributions to U.S. economy but are excluded from full economic participation.

Congressman Don Beyer (D-VA), Chairman of the U.S. Congress Joint Economic Committee (JEC), released the following statement after the Bureau of Labor Statistics reported the August Consumer Price Index release showed inflation was up 0.1% over the last month on a seasonally adjusted basis, after being unchanged in July. Annual inflation slowed to 8.3% from 8.5% in July.

Today, Congressman Don Beyer (D-VA), Chairman of the U.S. Congress Joint Economic Committee (JEC), released the following statement after the Bureau of Labor Statistics (BLS) reported that nonfarm payroll employment increased by 315,000 in August, labor force participation increased to 62.4%, and the unemployment rate increased to 3.7%.

A new report from the Joint Economic Committee finds nearly one in five U.S. adults are either unbanked or underbanked, and of the roughly 20 percent who lack access to a bank account or rely on alternative financial services, a disproportionate share are lower-income earners or people of color.

Read the full article.

Black and Hispanic Americans are more than twice as likely as white Americans to be unbanked or underbanked, meaning they either don’t have a bank account or mostly use things like check cashing services or payday lenders.

Banking and financial exclusion disproportionately impact marginalized communities

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

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Oct 07 2022

JEC Chairman Beyer on September Jobs Report

Oct 03 2022

States that Most Restrict Access to Abortion Have Worse Economic Conditions

Sep 28 2022

JEC Analysis Finds Opioid Epidemic Cost U.S. Nearly $1.5 Trillion in 2020

Sep 15 2022

Joint Economic Committee, Congressional Hispanic Caucus Release New Report on Hispanic Americans’ Contributions to U.S. Prosperity, Barriers to Inclusive Growth

Sep 13 2022

JEC Chairman Don Beyer on August CPI data

Sep 02 2022

JEC Chairman Beyer on August Jobs Report

Aug 23 2022

Politico: Financial Inclusion

Aug 22 2022

Marketplace: Black, Hispanic and poorer families pay the price for being “unbanked”

Aug 22 2022

New JEC Report Finds Barriers to Financial Inclusion Cause Widespread Economic Harm

Aug 17 2022

JEC Chairman Don Beyer Testifies Before the Rules Committee on the IRA