By virtually every major measure of economic achievement, the economy has performed better during recent Democratic administrations than during Republican ones, according to a short report released Thursday by JEC Democrats.
Mar 04 2016
Maloney Echoes Warren Buffett: Don't Bet Against America
February Jobs Report Extends Record Streak of Job Growth
Congresswoman Maloney says: “The jobs indicator arrow continues to point skyward. The creation of 230,000 jobs last month is ample evidence that, as Warren Buffett says, you shouldn’t bet against America... This record of consistent growth, however, does not mean our work is done. We know that many Americans are still struggling to regain the economic status they held before the Great Recession. That’s why Congress should step in to help the economy grow even more by investing in infrastructure, coming to grips with our broken immigration system, increasing the minimum wage and making higher education more affordable."
JEC Ranking Member Maloney releases the Democratic response to the “Economic Report of the President”. The annual report and the committee’s response are required by statute.The Democratic portion of the report puts the seven-year recovery in context, demonstrating how it has taken place in the wake of the worst economic catastrophe since the Great Depression. The response also contains a macroeconomic overview, a section on the global economy, a discussion of long-term economic challenges and appropriate policy solutions.
Mar 02 2016
Maloney Points to Economic Progress; Calls on Congress to Tackle Structural Challenges Facing Economy
Ranking Member Maloney Wednesday pointed to a number of long-term challenges to the economy that public officials must tackle now that the economy is back on track following the 2008 financial crisis.
Feb 18 2016
Fashion Industry Creates High-Value Jobs Across the U.S.
From Big Cities to Small Cities, Fashion Jobs Are Economic Drivers
As the 2016 Fall/Winter Fashion Week winds down in New York City, a new report released Thursday by JEC Ranking Member Maloney found that the multi-trillion dollar industry employs 1.8 million people nationwide in jobs that include designers, market research analysts and computer systems developers. These high-value, high-paying jobs spark innovation, raise productivity and benefit other industries in the same geographic area.
In recognition of Black History Month, the Joint Economic Committee (JEC) and the Congressional Black Caucus (CBC) Thursday released an update to their 2015 report on the economic status of African Americans. The study finds that African Americans lag far behind white Americans in almost every measure of economic well-being in all 50 states.
JEC Ranking Member Maloney said Tuesday the President’s Fiscal Year 2017 budget proposal "embodies the best of what America can be. The plan puts the middle class first with investments that ensure everyone has a chance at economic opportunity and security.
Feb 05 2016
Jobs Report Demands Focus on the Middle Class
Ranking Member Maloney on the latest Department of Labor jobs report, showing the economy added 158,000 jobs in January and the unemployment rate edged down to 4.9 percent, for the 71st consecutive month of private-sector job growth:
“The pace of job creation in January and the slight dip in the unemployment rate are welcome news given the turbulence of the global economy and the financial markets. Inflation remains low, wages are starting to pick up and gasoline is relatively cheap. But still-struggling American families could use some help from Congress, which has done so little to reinforce the economic gains we have made since the depths of the Great Recession..."
“The pace of job creation in January and the slight dip in the unemployment rate are welcome news given the turbulence of the global economy and the financial markets. Inflation remains low, wages are starting to pick up and gasoline is relatively cheap. But still-struggling American families could use some help from Congress, which has done so little to reinforce the economic gains we have made since the depths of the Great Recession..."
Feb 02 2016
Obama Recovery Reaches Across the States
44 States and D.C. Saw Private-Sector Job Gains in 2015
All but six states experienced private-sector job gains for the year ending December 31, 2015, and unemployment declined in 42 states and the District of Columbia over the same period, according to a JEC report out Tuesday.“The Obama recovery touched almost every corner of these great United States in 2015, with businesses adding 2.6 million jobs last year,” said Ranking Member Maloney.