Yesterday, the U.S. Congress Joint Economic Committee (JEC) held a hearing titled “Examining the Economic Benefits of Electrifying America’s Homes and Buildings.” The hearing explored how residential and building electrification is critical to addressing climate change and advancing economic growth that is stronger, stable, and broadly shared. Vice Chair Martin Heinrich (D-NM) presided.
WASHINGTON, D.C. — To commemorate National Hispanic Heritage Month, which begins today and runs through October 15, the Congressional Hispanic Caucus (CHC), led by Congressman Raul Ruiz, M.D. (D-CA), and the U.S. Congress Joint Economic Committee (JEC), led by Congressman Don Beyer (D-VA), released a new report that examines the contributions of Hispanic workers to the U.S. economy. Despite being among those most affected by the health and economic effects of the coronavirus and pervasive structural barriers to full economic participation, Hispanic workers are helping to drive the ongoing economic recovery and are poised to serve as catalysts of future economic growth.
Sep 03 2021
Chairman Beyer Statement on August 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 235,000 in August and the unemployment rate was 5.2%. The unemployment rate was 8.8% for Black workers, 6.4% for Hispanic workers and 4.6% for Asian workers.
“Today’s jobs numbers remind us that economic recovery hinges on controlling the spread of the coronavirus. Recovering from the worst economic crisis since the Great Depression will not be without its challenges, and with strong leadership, we can continue to rise to meet them."
“Today’s jobs numbers remind us that economic recovery hinges on controlling the spread of the coronavirus. Recovering from the worst economic crisis since the Great Depression will not be without its challenges, and with strong leadership, we can continue to rise to meet them."
Today, Congressman Don Beyer (D-VA), Chairman of the U.S. Congress Joint Economic Committee (JEC), issued the following statement following the House adoption of legislation that included a measure approving S. Con. Res. 14, a continuing budget resolution.
The latest report from the Intergovernmental Panel on Climate Change underscores the dire consequences of further delays on climate action. We now know that the climate crisis is both more severe and worsening more quickly than was understood just a few years ago. Across the country, we are already experiencing its harmful effects, and as a nation, we cannot afford the cost of inaction.
Today, U.S. Representative Marie Newman (D-IL-03) and Joint Economic Committee Chairman (JEC) Representative Don Beyer (D-VA-08) released their first-ever Worker’s Economy Report, a new shortcut guide designed to provide constituents with an understanding of America’s post-pandemic economy. Released quarterly, the new report examines how the passage of the American Rescue Plan coupled with the Biden Administration’s successful national vaccination campaign has created new jobs, boosted entrepreneurship, lifted up our restaurant industry, and driven down unemployment across the nation. These economic indicators demonstrate that our nation is on the right track to a worker’s economy in which growth is strong, stable, and sustained for every American.
Aug 06 2021
Chairman Beyer Statement on July 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 943,000 in July and the unemployment rate was 5.4%. The unemployment rate was 8.2% for Black workers, 6.6% for Hispanic workers and 5.3% for Asian workers.
Today, Congressman Don Beyer (D-VA), Chair of the U.S. Congress Joint Economic Committee (JEC), released the Democratic response to the 2021 Economic Report of the President (the Report). The JEC is required by law to submit findings and recommendations in response to the Report, which is prepared and released each year by the Council of Economic Advisers (CEA). This year’s report was published by the outgoing Trump administration in January 2021.
Jul 29 2021
JEC Chairman Beyer on Q2 GDP Growth
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 second quarter gross domestic product (GDP) growth of 6.5% on an annualized basis.
Jul 20 2021
ICYMI: JEC, Chairman Beyer Highlight Strengthening Recovery, Push Back Against Economic Misinformation
Amid a successful vaccination rollout and a strengthening economy, the Joint Economic Committee (JEC) and Chairman Don Beyer (D-VA) are elevating the evidence of economic progress and pushing back strongly against partisan attacks and misinformation. The economy is growing at a pace not seen in 30 years, unemployment is down, last month’s job growth exceeded expectations, and retail sales are above pre-pandemic levels, reflecting pent-up demand as people can safely resume more normal levels of economic activity.
