Today, the Joint Economic Committee (JEC) Democrats released a new report detailing how the United States government can maintain American leadership in artificial intelligence (AI) through public investment and workforce development.
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 15 2023
Joint Economic Committee, Senate Democrats Release New Data Ahead of Inflation Reduction Act Anniversary
Washington, D.C.—Today, Senator Martin Heinrich (D-NM), Chairman of the U.S. Congress Joint Economic Committee (JEC) and Senate Majority Leader Chuck Schumer (D-NY) released new data ahead of the one-year anniversary of the Inflation Reduction Act being signed into law.
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.??
Washington, D.C.—This week, Senator Martin Heinrich (D-NM), Chairman of the U.S. Congress Joint Economic Committee (JEC), released the following statement after Fitch downgraded the U.S. credit rating from AAA to AA+:
Washington, D.C.—This week, Senator Martin Heinrich (D-NM), Chairman of the U.S. Congress Joint Economic Committee (JEC), released the annual response to the Economic Report of the President (the 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 Economic Analysis (BEA) reported its initial estimate that second-quarter gross domestic product (GDP) expanded 2.4% on an annual basis.
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.
Jul 25 2023
JEC Chairman Heinrich Writes to Federal Reserve Chairman Powell on Concerns About Future Interest Rate Hikes
Yesterday, Senator Martin Heinrich, (D-NM), Chairman of the U.S. Congress Joint Economic Committee (JEC), sent a letter to Federal Reserve Chairman Jerome Powell ahead of the July meeting of the Federal Reserve Open Market Committee, urging caution around additional monetary tightening in light of current economic developments.