Today, Senator Martin Heinrich, (D-NM), Chairman-Designate of the U.S. Congress Joint Economic Committee (JEC), released the following statement after the Bureau of Labor Statistics (BLS) reported that nonfarm payroll employment increased by 236,000 in March and the unemployment rate ticked down to 3.5%. The unemployment rate was a record-low 5.0% for Black workers, 4.6% for Hispanic workers, 2.8% for Asian workers, and 7.5% (not seasonally adjusted) for American Indian and Alaska Native workers.
Senate Majority Leader Chuck Schumer (D-NY), House Democratic Leader Hakeem Jeffries (D-NY), Joint Economic Committee Chairman-Designate Martin Heinrich (D-NM), Joint Economic Committee Senior House Democrat Don Beyer (D-VA), Senator Tina Smith (D-MN) and Representative Gwen Moore (D-WI) unveiled a Joint Economic Committee Democratic staff report outlining the devastating cost of the Republican default crisis.
Today, Senator Martin Heinrich, (D-NM), Chairman-Designate of the U.S. Congress Joint Economic Committee (JEC), released the following statement after the Bureau of Labor Statistics reported that prices measure by the Consumer Price Index increased 0.4% in February 2023, compared with the 0.5% increase in January. Data also show that annual prices increased 6.0%, significantly below the peak of 9.1% in June 2022.
Washington, D.C.—Today, Senator Martin Heinrich (D-NM), Chairman-Designate of the U.S. Congress Joint Economic Committee (JEC), released the following statement after the failure of Silicon Valley Bank and subsequent actions taken by the Treasury Department, Federal Reserve, and Federal Deposit Insurance Corporation.
Today, Senator Martin Heinrich, (D-NM), Chairman-Designate of the U.S. Congress Joint Economic Committee (JEC), released the following statement after the Bureau of Labor Statistics (BLS) reported that nonfarm payroll employment increased by 311,000 in February and the unemployment rate edged up to 3.6%, though the increase was not statistically significant. The unemployment rate was 5.7% for Black workers, 5.3% for Hispanic workers, 3.4% for Asian workers, and 6.7% (not seasonally adjusted) for American Indian and Alaska Native workers.
Washington, D.C.— Today, U.S. Senator Martin Heinrich, Chair-Designate of the Joint Economic Committee, released the following statement on President Biden’s budget request for fiscal year 2024.
Mar 03 2023
JEC Chairman-Designate Heinrich Urges Biden Administration To Address Nation’s Affordable Housing Crisis
Today, U.S. Senator Martin Heinrich (D-N.M.), Chair-Designate of the Joint Economic Committee, joined 15 Senate Committee Chairs and Majority Leader Chuck Schumer (D-N.Y.) in a letter to President Joe Biden requesting that the federal government utilize a “whole-of-government” approach to address our nation’s housing needs.
House Speaker McCarthy and congressional Republicans are playing a dangerous game. They are threatening to default on the nation’s obligations in an attempt to force through an unpopular agenda.
Inflation data from the Bureau of Labor Statistics released today show that prices increased 0.5% in January 2023, compared with the 0.1% increase in December of last year. Data show that annual prices increased 6.4%, significantly below the peak of 9.1% in June 2022.
Today, Senator Martin Heinrich (D-NM), Chairman-Designate of the U.S. Congress Joint Economic Committee (JEC), released the following statement after the Bureau of Labor Statistics (BLS) reported that nonfarm payroll employment increased by 517,000 in January and the unemployment rate fell to 3.4%, the lowest rate since May 1969. The unemployment rate was 5.4% for Black workers, 4.5% for Hispanic workers, 2.8% for Asian workers, and 5.7% (not seasonally adjusted) for American Indian and Alaska Native workers. Today’s data also show that the U.S. added over 4.8 million jobs in 2022, 311,000 more than were previously estimated.
