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Joint Economic Committee Democrats

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Sep 13 2023

JEC Chairman Heinrich on August CPI Data

Washington, D.C. – Today, Senator Martin Heinrich (D-NM), Chairman of the U.S. Congress Joint Economic Committee (JEC), released the following statement after the Bureau of Labor Statistics (BLS) reported that prices measured by the Consumer Price Index (CPI) increased 0.6% in August compared with the 0.2% increase in June and July. Data also show that annual prices grew only 3.7%, down sharply from the peak rate of 9.1% last June.

Sep 01 2023

JEC Chairman Heinrich on August Jobs Report

Washington, D.C.—Today, Senator Martin Heinrich (D-NM), 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 187,000 in August and the unemployment rate rose slightly to 3.8%. The unemployment rate was 5.3% for Black workers, 4.9% for Hispanic workers, 3.4% for white workers, 3.1% for Asian workers, and 8.3% (not seasonally adjusted) for American Indian and Alaska Native workers.

Aug 10 2023

JEC Chairman Heinrich on July CPI Data

Washington, D.C.—Today, Senator Martin Heinrich (D-NM), Chairman of the U.S. Congress Joint Economic Committee (JEC), released the following statement after the Bureau of Labor Statistics (BLS) reported that prices measured by the Consumer Price Index increased only 0.2% in July compared with the 0.2% increase in June and the 0.1% increase in May. Data also show that annual prices grew only 3.2%, down sharply from the peak rate of 9.1% last June.

Aug 04 2023

JEC Chairman Heinrich on July Jobs Report

Washington, D.C.—Today, Senator Martin Heinrich, (D-NM), 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 187,000 in July and the unemployment rate fell slightly to 3.5%. The unemployment rate was 5.8% for Black workers, 4.4% for Hispanic workers, 3.1% for white workers, 2.3% for Asian workers, and 6.7% (not seasonally adjusted) for American Indian and Alaska Native workers.??

Jul 27 2023

JEC Chairman Heinrich on Second Quarter GDP Growth

Washington, D.C.—Today, Senator Martin Heinrich, (D-NM), Chairman of the U.S. Congress Joint Economic Committee (JEC), released the following statement after the Bureau of Economic Analysis (BEA) reported its initial estimate that second-quarter gross domestic product (GDP) expanded 2.4% on an annual basis.

Jul 26 2023

JEC Chairman Heinrich on Federal Reserve Interest Rate Hike

Washington, D.C.—Today, Senator Martin Heinrich, (D-NM), Chairman of the U.S. Congress Joint Economic Committee (JEC), issued the following statement in response to the Federal Reserve Open Market Committee’s decision to raise interest rates.