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

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May 05 2023

JEC Chairman Heinrich on April 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 253,000 in February and the unemployment rate declined to 3.4%. The unemployment rate was a record-low 4.7% for Black workers, 4.4% for Hispanic workers, 3.1% for white workers, 2.8% for Asian workers, and 7.5% (not seasonally adjusted) for American Indian and Alaska Native workers.

May 03 2023

JEC Chairman Heinrich on the Imminent Default Crisis

Washington, D.C.—Senator Martin Heinrich (D-NM), Chairman of the U.S. Congress Joint Economic Committee (JEC), released the following statement after U.S. Secretary of the Treasury Janet L. Yellen sent a letter to members of Congressional leadership warning that the Treasury Department will be unable to continue to finance the operations of the federal government as early as June 1 if Congress does not act to raise the debt limit.

Apr 27 2023

JEC Chairman Heinrich on First 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 first-quarter gross domestic product (GDP) expanded 1.1% on an annual basis.

Apr 26 2023

Heinrich Confirmed as Chair of the Joint Economic Committee in 118th Congress

Washington, D.C.—After a vote of the committee members, Senator Martin Heinrich (D-NM) was confirmed today as the Chairman of the U.S. Congress Joint Economic Committee (JEC) for the 118th Congress. Senator Heinrich has previously served as Vice Chair and Ranking Member. He also currently serves on the Senate Appropriations, Energy and Natural Resources, and Intelligence Committees, and as Chairman of the Appropriations Subcommittee on Agriculture, Rural Development, and Food and Drug Administration.

Apr 12 2023

JEC Chairman-Designate Heinrich on March CPI Data

Washington DC—Today, Senator Martin Heinrich, (D-NM), Chairman-Designate of the U.S. Congress Joint Economic Committee (JEC), released the following statement after the Bureau of Labor Statistics reported that prices measured by the Consumer Price Index increased 0.1% in March 2023, compared with the 0.4% increase in February. Data also show that annual prices increased 5%, down from 6% last month and significantly below the peak of 9.1% in June 2022.?

Apr 07 2023

JEC Chairman-Designate Heinrich on March Jobs Report

Today, Senator Martin Heinrich, (D-NM), Chairman-Designate 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 236,000 in March and the unemployment rate ticked down to 3.5%. The unemployment rate was a record-low 5.0% for Black workers, 4.6% for Hispanic workers, 2.8% for Asian workers, and 7.5% (not seasonally adjusted) for American Indian and Alaska Native workers.

Mar 23 2023

Senate Majority Leader Schumer, House Democratic Leader Jeffries, JEC Chairman-Designate Heinrich, Senator Smith, And Representatives Beyer And Moore Unveil JEC Report On The Catastrophic Effects Of A Republican Default Crisis

Senate Majority Leader Chuck Schumer (D-NY), House Democratic Leader Hakeem Jeffries (D-NY), Joint Economic Committee Chairman-Designate Martin Heinrich (D-NM), Joint Economic Committee Senior House Democrat Don Beyer (D-VA), Senator Tina Smith (D-MN) and Representative Gwen Moore (D-WI) unveiled a Joint Economic Committee Democratic staff report outlining the devastating cost of the Republican default crisis.

Mar 14 2023

JEC Chairman-Designate Heinrich on February CPI Data

Today, Senator Martin Heinrich, (D-NM), Chairman-Designate of the U.S. Congress Joint Economic Committee (JEC), released the following statement after the Bureau of Labor Statistics reported that prices measure by the Consumer Price Index increased 0.4% in February 2023, compared with the 0.5% increase in January. Data also show that annual prices increased 6.0%, significantly below the peak of 9.1% in June 2022.

Mar 13 2023

JEC Chairman-Designate Heinrich on Silicon Valley Bank

Washington, D.C.—Today, Senator Martin Heinrich (D-NM), Chairman-Designate of the U.S. Congress Joint Economic Committee (JEC), released the following statement after the failure of Silicon Valley Bank and subsequent actions taken by the Treasury Department, Federal Reserve, and Federal Deposit Insurance Corporation.

Mar 10 2023

JEC Chairman-Designate Heinrich on February Jobs Report

Today, Senator Martin Heinrich, (D-NM), Chairman-Designate 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 311,000 in February and the unemployment rate edged up to 3.6%, though the increase was not statistically significant. The unemployment rate was 5.7% for Black workers, 5.3% for Hispanic workers, 3.4% for Asian workers, and 6.7% (not seasonally adjusted) for American Indian and Alaska Native workers.