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Joint Economic Committee Democrats Chairman - Senator Martin Heinrich (D-NM)

Press Center

Dec 03 2010

JEC Chair Maloney’s Statement on November Jobs Report

Congresswoman Carolyn B. Maloney, Chair of the JEC, released the following statement on the Bureau of Labor Statistics' November jobs report showing that the unemployment rate increased to 9.8 percent and 39,000 total nonfarm jobs were added.

Nov 05 2010

JEC Chair Maloney’s Statement on October Jobs Report

Congresswoman Carolyn B. Maloney, Chair of the JEC, released the following statement about the October jobs report showing that while the unemployment rate was unchanged at 9.6 percent, 151,000 total nonfarm jobs were added.

Oct 22 2010

JEC Releases September State-by-State Economic Snapshots

Washington, D.C. – The U.S. Congress Joint Economic Committee (JEC) released its monthly state-by-state report today, showing that the recovery, while uneven from state to state and across different sectors, continued in September, with eighteen states and the District of Columbia experiencing private sector job growth during the month.

The unemployment rate in September 2010 declined from the prior month in 23 states and the District of Columbia.  Since the end of 2009, the unemployment rate has fallen in 29 states and the District of Columbia.

“This new round of state data provides fresh evidence of a steady recovery.  More than 80 percent of states have added private sector jobs in at least five months this year and most states are making consistent, significant progress,” said Rep. Carolyn Maloney, Chair of the JEC.  “I am optimistic that as the policies we have put in place such as the Small Business Jobs Act begin to take hold, we will see these state reports continue to improve."

Other highlights include:

  • Forty-one states and the District of Columbia have added private sector jobs in at least five of the first nine months of 2010.
  • In an improvement over August, 21 states added manufacturing jobs in September 2010, compared to only 17 states in August, and 27 states have experienced growth in manufacturing employment in at least five of the first nine months of 2010.
  • Twenty-four states and the District of Columbia added jobs in the professional and business services sector in September 2010, with California gaining jobs in this sector in each of the first nine months of 2010.
  • Half of the states (25) had jobs gains in September 2010 in the financial activities sector.  This was the largest number of states to gain jobs in this sector since April of this year.

The report, entitled “Understanding the Economy: State-by-State Snapshots,” features key economic statistics for each state.  The report is the tenth edition released by the JEC and uses recently released state-level data to explain how the economic recovery is unfolding in each state.

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The Joint Economic Committee, established under the Employment Act of 1946, was created by Congress to review economic conditions and to analyze the effectiveness of economic policy.
www.jec.senate.gov

Oct 21 2010

Rep. Maloney Applauds White House Report on Women and the Economy

Washington, D.C. – Representative Carolyn Maloney, Chair of the U.S. Congress Joint Economic Committee (JEC) and a senior member of the House Financial Services Committee, today applauded the Administration’s newly-released report, “Jobs and Economic Security for America’s Women,” prepared by the National Economic Council (NEC).

“Women’s economic equity and success are integral to getting our economy thriving again,” said Rep. Carolyn Maloney.  “As this White House report and previous reports from the Joint Economic Committee have pointed out, we still have significant challenges.”

Trends driving women’s increasing influence in the economy that both the JEC and NEC highlight include:

  • Women are a growing share of the workforce, and their earnings are crucial for families’ economic well-being.  Women are either co-breadwinners or primary breadwinners in nearly two-thirds of American families.
  • While women have lost jobs and seen their earnings fall during this recession, women’s work has become more important than ever because men’s unemployment has risen even more sharply.  Working wives are the sole breadwinner for millions of families across the nation.

Despite women’s importance to the economy as a whole and to their families’ economic security, serious challenges remain for working women.  As a recent GAO report requested by Maloney demonstrates, the wage gap persists even at the highest levels of the economy – female managers earn just 81 cents for every dollar earned by their male peers, and that gap is even larger for Manager Moms.

Maloney said, “A persistent gender wage gap means that families pay a price.  Add in that working women bear the significant burden of balancing work and family and one can see how we still have a long way to go to unleash women’s full economic potential.”

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The Joint Economic Committee, established under the Employment Act of 1946, was created by Congress to review economic conditions and to analyze the effectiveness of economic policy.
 www.jec.senate.gov