Today, Congressman Don Beyer (D-VA), Chairman of the U.S. Congress Joint Economic Committee (JEC), released the following statement after Republicans on the Senate Banking Committee delayed a confirmation vote on President Joe Biden’s Federal Reserve nominees.
Feb 10 2022
JEC Holds Hearing on Building a Better Labor Market, Empowering Older Workers for a Stronger Economy
The Joint Economic Committee?(JEC)?held a?hearing?entitled “Building a Better Labor Market: Empowering Older Workers for a Stronger Economy”?to examine the?challenges older workers face—which have been magnified by the pandemic—and how public policy can address them to strengthen the labor market?and promote economic growth.? JEC Chairman Don Beyer (D-VA) presided.?
Feb 04 2022
JEC Chairman Beyer on January Jobs Day Data: “Today’s data blew expectations out of the water”
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 467,000 in January and the unemployment rate was steady at 4.0%.
Today, Congressman Don Beyer (D-VA), Chairman of the U.S. Congress Joint Economic Committee (JEC), released the following statement after the House passed the America COMPETES Act (H.R. 4521). The Senate’s companion bill, the U.S. Innovation and Competition Act, passed with overwhelming bipartisan support in June 2021.
Today, Congressman Don Beyer (D-VA), 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 of gross domestic product (GDP) growth of 5.7% for 2021 and 6.9% for the fourth quarter.
Today, JEC Chairman Don Beyer (D-VA), Senator Reverend Raphael Warnock (D-GA), House Energy and Commerce Committee Chairman Frank Pallone, Jr. (D-NJ) and Congresswoman Carolyn Bourdeaux (D-GA) highlighted the critical need to address the Medicaid coverage gap, which is the result of Republican state officials’ refusal to accept generous federal funding to expand their state Medicaid programs.
Jan 14 2022
JEC Chair Beyer Applauds Fed Board Nominations of Sarah Bloom Raskin, Lisa Cook, Philip Jefferson
Today, Congressman Don Beyer (D-VA), Chairman of the U.S. Congress Joint Economic Committee (JEC), released the following statement after President Joe Biden announced new nominations to the Board of Governors of the Federal Reserve.
Jan 12 2022
JEC Chairman Beyer on December CPI Data
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 reported the December Consumer Price Index rose 0.5 percent on a seasonally adjusted basis, a slower pace than in November (0.8 percent). Over the last 12 months, inflation has risen 7.0 percent, not seasonally adjusted. The index for gas prices, a major contributor to recent inflation numbers, went down by 0.5 percent in December.
Jan 07 2022
Chairman Don Beyer on December Jobs Report
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 199,000 in December and the unemployment rate declined to 3.9%, a new pandemic-era low. The unemployment rate was 7.1% for Black workers, 4.9% for Hispanic workers and 3.8% for Asian workers.
Congressman Don Beyer (D-VA), Chairman of the U.S. Congress Joint Economic Committee (JEC), released the following statement on the need to pass the Build Back Better Act.