A new report by the Democratic staff of the U.S. Congress Joint Economic Committee, produced at the request of Ranking Member-Designate Martin Heinrich (D-NM), outlines specific areas of the U.S. economic recovery under President Obama that are threatened by the stated policies and cabinet appointees.
Joint Economic Committee Ranking Member Carolyn Maloney (D-NY) today announced the release of Portrait of a Changing Economy, a new series of 12 charts that show how decades-long trends in the U.S. economy have led to less retirement security, an increase in income inequality and stagnant wages for many American workers.
“Today’s jobs numbers show just how far we have come in the past eight years. When President Obama took office in 2009, we were losing 800,000 jobs every month. In November 2016 we gained 156,000 private sector jobs. Unemployment soared up to 10.0 percent at the height of the recession. In November it dropped to 4.6 percent, its lowest level since August of 2007, before the Great Recession started."