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Nearly two-thirds of American families rely on a mother’s income, and mothers now out-earn their husbands in more than one-third of married-couple families 

Klobuchar calls for passage of the Paycheck Fairness Act and other policies to ensure fair pay and economic opportunity for women 

WASHINGTON, D.C. – U.S. Senator Amy Klobuchar (D-MN), Vice Chair of the U.S. Congress Joint Economic Committee, today released a new ‘Mother’s Day’ report showing that nearly two-thirds of American families rely either in part or entirely on a mother’s income, underscoring the increasingly critical role mothers play in ensuring the financial success of their families. Nationwide, roughly 45 million children have a mother who works outside the home, and 17 million children live in households where the mother is the sole breadwinner. Klobuchar called for the passage of the Paycheck Fairness Act and other policies to ensure fair pay and economic opportunity for women.

“This report confirms what most of us already knew: American moms are a force of nature, both in our families and in our economy,” Klobuchar said. “With two-thirds of today’s families relying all or in part on a mother’s income, the economic impact of these women has never been more important. We need to do everything we can to ensure women can succeed in the workforce in the workforce and lift up their families.”  

Across the country, 70 percent of mothers with children under the age of 18 are in the labor force. More than one-quarter of mothers employed outside the home are single moms. In married-couple families, 65 percent of mothers are employed, and on average, they contribute more than 40 percent of their family’s income. In more than one-third of those families, mothers now out-earn their husbands, serving as their household’s primary income earner.

Despite recent progress, another recent JEC report acknowledges that women—both mothers and those without children—continue to face challenges in the workforce. Women who work full time earn between 77 and 82 cents for every dollar men earn, and that wage gap has far-reaching implications for women at all stages of their lives, but particularly in retirement: As Klobuchar noted in that report, lower lifetime earnings often translate into lower Social Security payments, pension incomes and personal savings for women. 

Klobuchar’s ‘Mothers’ Day’ report looks at potential policy solutions for helping more women and mothers gain financial security.  Klobuchar is a cosponsor of the Paycheck Fairness Act, legislation that would have helped close the gender pay gap but fell short of passing the Senate in early April. Two-thirds of family caregivers are women, and for mothers looking after aging relatives, Klobuchar has introduced legislation that would help ease the financial strain, called the Americans Giving Care to Elders Act.

 

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In first JEC hearing with new Federal Reserve Chair Janet Yellen, Klobuchar urges the Fed to combat long-term unemployment by maintaining dual focus on employment and price stability

Klobuchar says Congress must also do its part, calling on her colleagues to advance bipartisan policies that promote growth while responsibly reducing the deficit

WASHINGTON, D.C. - U.S. Senator Amy Klobuchar (D-MN), Vice Chair of the U.S. Congress Joint Economic Committee (JEC), today discussed the current state of the U.S. economy in the JEC’s first hearing with new Federal Reserve Chair Janet Yellen. Citing Chair Yellen’s past statements on long-term unemployment, Klobuchar urged the Fed Chair to continue efforts to promote job creation and economic growth, including the Fed’s twin objectives of promoting maximum employment and price stability. Klobuchar called on her colleagues in Congress to come together on legislative proposals that would reduce the deficit and unleash innovation, such as comprehensive immigration reform and an overhaul of the U.S. tax code.

“The unemployment rate is the lowest it’s been in five and a half years, but there are still millions of Americans looking for work, and now is not the time for the Fed to take its eye off job creation,” Klobuchar said. “Congress needs to do its part as well, by stepping up to advance common-sense bills that would boost our economy and help more Americans get ahead, from streamlining our outdated tax code to reforming our broken immigration system.”

During the hearing, Klobuchar asked Chair Yellen to discuss the advantages and limitations of monetary policy in encouraging economic growth, as well as the Fed’s efforts to address the ongoing challenge of long-term unemployment. While the overall unemployment rate is now close to what is was before the recession, the long-term unemployment rate remains at 2.2 percent – well more than double its pre-recession levels. Klobuchar recently met with the President of the Federal Reserve Banks of Minneapolis to discuss ideas for reducing long-term unemployment in Minnesota.

In her role as Vice Chair of the Joint Economic Committee, Klobuchar has been focused on ways to address long-term unemployment. She was a co-sponsor of recently passed legislation that would restore federal unemployment benefits to 2.8 million job seekers, and has worked to advance policies that would help more Americans get back to work by strengthening skills training programs, investing in STEM education, boosting manufacturing and increasing exports.
                                                                     

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WASHINGTON, D.C. – U.S. Senator Amy Klobuchar (D-MN), Vice Chair of the U.S. Congress Joint Economic Committee (JEC), released the following statement on the Bureau of Labor Statistics’ April 2014 jobs report showing that 288,000 total nonfarm jobs were added and the unemployment fell from 6.7% to 6.3%:

"After a long hard winter it is good news that the employment numbers are picking up. To hit the lowest unemployment rate in five and a half years is a positive sign as we move into the summer season that should bring more construction and tourism jobs. Many American families are still struggling with high costs of housing, childcare and college and we need to continue our work to give them a fair shot."

Apr 07 2014

JEC Vice Chair Klobuchar Statement on Senate Passage of Unemployment Insurance Extension

Bipartisan Senate agreement would benefit 2.8 million job seekers; Klobuchar calls on the House to quickly pass the bill to give families the relief they need

WASHINGTON, D.C. – U.S. Senator Amy Klobuchar (D-MN), Vice Chair of the U.S. Congress Joint Economic Committee (JEC), released the following statement after the Senate passed a bill that would extend federal unemployment benefits for 2.8 million Americans:

Apr 07 2014

Ahead of Equal Pay Day, Klobuchar Releases New Report on Women’s Wages and Retirement Security

Lower lifetime earnings significantly impact women’s savings, pensions and Social Security benefits: Women age 65 and older collect $11,000 less in annual median income than men

WASHINGTON, D.C. – U.S. Senator Amy Klobuchar, Vice Chair of the U.S. Congress Joint Economic Committee, today released a new report examining recent trends in women’s wages and retirement savings, showing that lower lifetime earnings often translate into lower retirement security for women.

Apr 04 2014

Klobuchar Discusses March Employment Report, Economic Outlook in Hearing with Bureau of Labor Statistics Commissioner

Klobuchar calls for policies to expand economic opportunity by boosting manufacturing, strengthening skills training and STEM education

WASHINGTON, D.C. - U.S. Senator Amy Klobuchar (D-MN), Vice Chair of the U.S. Congress Joint Economic Committee (JEC), discussed the March employment report released today and the economic outlook in a hearing with Bureau of Labor Statistics Commissioner Erica L. Groshen. Klobuchar and Minnesota Representative Erik Paulsen led the hearing.
WASHINGTON, D.C. – U.S. Senator Amy Klobuchar (D-MN), Vice Chair of the U.S. Congress Joint Economic Committee (JEC), released the following statement on the Bureau of Labor Statistics’ February 2014 jobs report showing that 175,000 total nonfarm jobs were added and the unemployment rate edged up from 6.6% to 6.7%:

Jan 16 2014

Klobuchar Holds JEC Hearing on Income Inequality with Former Labor Secretary Robert Reich

Klobuchar releases a new report on income inequality showing the top ten percent of workers are now earning over half of total income

WASHINGTON, D.C. – U.S. Senator Amy Klobuchar (D-MN), Vice Chair of the U.S. Congress Joint Economic Committee (JEC), today held a hearing examining income inequality in America with former Labor Secretary Robert Reich. Klobuchar released a new report on income inequality showing the top ten percent of workers are now earning half of total income.

Jan 10 2014

Klobuchar Discusses Employment, Economic Outlook in Hearing with Bureau of Labor Statistics Commissioner

Klobuchar, a cosponsor of bipartisan legislation to extend federal unemployment insurance, highlights continued need for critical safety net

WASHINGTON, D.C. - U.S. Senator Amy Klobuchar (D-MN), Vice Chair of the U.S. Congress Joint Economic Committee (JEC), discussed the current employment situation and economic outlook in a hearing today with Bureau of Labor Statistics Commissioner Erica L. Groshen.