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Joint Economic Committee Democrats

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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.

Dec 08 2021

Beyer Statement On FSC Digital Asset Hearing

Rep. Don Beyer (D-VA), the Chairman of Congress’ Joint Economic Committee and author of the Digital Asset Market Structure and Investor Protection Act today issued the following statement as the House Financial Services Committee held a hearing on digital assets:

Dec 07 2021

Joint Economic Committee Releases New Report Detailing “Catastrophic” Cost of Inaction on Climate Change

The Joint Economic Committee released a new report detailing the devastating consequences for families, communities and businesses of failing to act on climate change. Unchecked, the economic and social costs of climate change will continue to compound, harming working families through reduced wages, property loss, and worse health outcomes. In 2020 alone, extreme weather events and climate disasters cost the United States over $100 billion.

Dec 03 2021

JEC Chairman Beyer on November 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 210,000 in November and the unemployment rate declined to 4.2%, a new pandemic-era low. The unemployment rate was 6.7% for Black workers, 5.2% for Hispanic workers and 3.8% for Asian workers.

Nov 22 2021

JEC Chairman Beyer Statement on Federal Reserve Nominations

“Under Chair Powell and Governor Brainard, the Fed’s decisive action was critical to limiting the economic fallout and jumpstarting the U.S. economic recovery. I applaud President Biden’s announcement to nominate Chair Powell for a second term and to nominate Governor Brainard to serve as the Vice Chair. Their unwavering commitment to ensuring the economic recovery is strong, stable and broadly shared has put us on a path to building back better. I have every confidence in their leadership to capably maintain price stability, steward the U.S. economy to full employment and address the financial risks of the growing threat of climate change.”