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 real fourth-quarter gross domestic product (GDP) expanded 3.3% on an annual basis.
Jan 11 2024
JEC Chairman Heinrich on December 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 (CPI) increased 0.3% in December. Data also show that annual prices grew 3.4% over the last year.
Jan 05 2024
JEC Chairman Heinrich on December 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 216,000 in December and the unemployment rate was unchanged at 3.7%. The unemployment rate was 5.2% for Black workers, 5.0% for Hispanic workers, 3.5% for white workers, 3.1% for Asian workers, and 5.9% (not seasonally adjusted) for American Indian and Alaska Native workers.
Dec 12 2023
JEC Chairman Heinrich on November 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 (CPI) increased 0.1% in November. Data also show that annual prices grew only 3.1% over the last year.
Washington, D.C.— Today, Joint Economic Committee Chairman Martin Heinrich (D-NM) and the JEC Democrats released a new analysis finding that the national average wages and salaries grew by nearly $15,000 between January 2021 and October 2023, which outpaces price growth during that period by over $3,500.
Dec 08 2023
JEC Chairman Heinrich on November 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 199,000 in November and the unemployment rate fell slightly to 3.7%. The unemployment rate was 5.8% for Black workers, 4.6% for Hispanic workers, 3.3% for white workers, 3.5% for Asian workers, and 6.1% (not seasonally adjusted) for American Indian and Alaska Native workers.
Washington, D.C.—Today, Senator Martin Heinrich (D-NM), Chairman of the U.S. Congress Joint Economic Committee (JEC) and the Joint Economic Committee Democrats released a new report titled, “Climate Risks are Already Destabilizing Insurance Markets and Threatening Americans’ Financial Security.” The report highlights the impact that climate change is already having on the financial well-being of individual American families, public and private insurance markets, local governments, and the broader financial sector.
Washington, D.C.— Hoy, los demócratas del Comité Económico Conjunto del Congreso de los Estados Unidos publicaron un nuevo informe que describe cómo la inversión de energía renovable de Puerto Rico puede apoyar el crecimiento económico en la isla. El Congreso ha asignado $12 mil millones de dólares en fondos de ayuda para reconstruir el sistema energético de Puerto Rico, incluyendo la modernización de la red eléctrica, en respuesta a la destrucción causada por múltiples desastres naturales recientes. El informe sostiene que estos fondos ofrecen una oportunidad de inversión en una red moderna.
Nov 28 2023
New Report: Investment in Puerto Rico’s Clean Energy Infrastructure Can Support Future Economic Growth
Washington, D.C.—Today, the U.S. Congress Joint Economic Committee Democrats released a new report outlining how investment in Puerto Rico’s clean energy infrastructure can support economic growth on the island. Congress has appropriated $12 billion in relief funding to rebuild Puerto Rico’s energy system, including modernization of the energy grid, in response to the destruction caused by multiple recent natural disasters. The report argues that these funds offer an opportunity for investment in a modern grid.
Nov 14 2023
JEC Chairman Heinrich on October 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 were flat in October, compared with the 0.4% increase in September. Data also show that annual prices grew only 3.2%, down sharply from the peak rate of 9.1% in June 2022.
