Skip to main content

Joint Economic Committee Democrats

Reports & Issue Briefs

Mar 15 2022

State-by-State Fact Sheets: January Employment Data

Each month, the Bureau of Labor Statistics (BLS) releases national and state-level data on U.S. employment, which provide useful information about the state of the labor market and progress toward building back better.

Mar 09 2022

UPDATE: Six Months of Advance CTC Payments Dramatically Reduced Childhood Poverty and Improved Family Finances

The expansion of the CTC, included in President Biden’s American Rescue Plan, was one of the largest-ever single-year tax cuts for families with children. It dramatically increased the value of the CTC from $2,000 per child to up to $3,600 per child under age 6 and $3,000 per child between age 6 and 17, putting money in the pockets of low- and middle-income families to pay for household expenses like food, rent, utilities and child care.

Mar 01 2022

The U.S. Economy Experienced a Record Rebound During President Biden’s First Year in Office

The U.S. economy improved more during President Joe Biden’s first year in office than in the first 12 months of any other president in the past 50 years. Job growth, economic growth, retail sales and business creation are all up, while unemployment and unemployment insurance claims are down significantly. While there have been challenges, President Biden’s bold leadership has continued to meet them, and across all of these metrics, conditions not only improved but exceeded expectations as the United States continues its robust recovery from the pandemic recession.