WASHINGTON—Senator Mike Lee (R-UT), Ranking Member of the Joint Economic Committee, made the following statement after the Bureau of Labor Statistics announced that the economy added 263,000 jobs in November:

"As we head into the holidays, the slowing of the job market does not bode well for the millions of Americans who are struggling to get by. The past two years of rapid price increases will make this Christmas by far the most expensive we have ever seen. Given that reckless spending policies led to skyrocketing prices in the first place, it would be irresponsible for Congress to engage in additional reckless spending this holiday season and make the inflation problem even worse." 

The Joint Economic Committee is Congress's bicameral economic research center and home of the Social Capital Project, led by Ranking Member Mike Lee.