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Joint Economic Committee Democrats

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Jan 12 2016

Maloney Says Economy is Strong

Economic Rebound “Impressive” in Advance of Obama’s Last State of the Union

In advance of the President’s last State of the Union address, Joint Economic Committee Ranking Member Carolyn B. Maloney (N.Y.) Tuesday said the economic recovery -- from what former Federal Reserve Chair Ben Bernanke called the “worst financial crisis in global history, including the Great Depression” – has been “impressive”.

Jan 08 2016

Maloney: The Obama Economy Is Expanding

The Bureau of Labor Statistics announced Friday that the economy added 292,000 nonfarm jobs in December. The unemployment rate remained steady at 5.0 percent.

“The December jobs report is a fine way to end a year that saw 12 months of job growth," Ranking Member Maloney said. "The Obama economy is clearly expanding.

Jan 06 2016

Most Recent Data Show 35 States and D.C. Added Jobs

The most recent edition of the Joint Economic Committee (JEC) Democrats’ State Economic Snapshots shows that private-sector employment increased in 35 states and the District of Columbia in November. “We don’t need statisticians to tell us that many people are not benefiting from our economy and more work needs to be done to ensure that they do,” saidRanking Member Maloney. “But the latest data show that the economy is still improving and the picture is much brighter today than when President Obama took office.”

Dec 16 2015

Maloney: Fed Action Reflects Solid Economy

Ranking Member Maloney: “This rate increase, after six years of a zero percent interest rate, underscores just how far the economy has come from the depths of the Great Recession and reflects confidence that the objectives of maximum employment and price stability will be achieved."

Dec 04 2015

Maloney Hails November Jobs Report

“Today’s job report reinforces the stability of our economy, after seven long years digging ourselves out of the Bush-era recession. The fact that the Federal Reserve is even considering raising short-term interest rates for the first time in almost a decade is indication itself that President Obama’s economic policies have been a success.”

Dec 03 2015

Maloney: Don’t Hamstring the Fed

Ranking Member Carolyn B. Maloney criticized Republican efforts to hamstring the Federal Reserve's ability to independently conduct monetary policy.

Nov 24 2015

October Economic Data Show Employment Up in 42 States

Average Hourly EArnings Up in 47 States Over Past Year

Ranking Member Maloney said Monday a Democratic analysis of the economic recovery in all 50 states shows that private-sector employment rose in 42 states and the District of Columbia in October while the unemployment rate declined in 32 states and the District of Columbia. The state-by-state findings, released each month, also show that average hourly earnings, adjusted for inflation, increased in 47 states over the past year.

Nov 18 2015

Maloney Urges Proactive Policies to Help Millennials Succeed

“The challenges facing Millennials are real, but the solutions exist,” Ranking Member Maloney said. “Our job is to help chart the course forward… It’s not enough to block destructive actions that hurt Millennials. We must focus on targeted actions that will help them.”