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Democratic News

From Chairman
Don Beyer
U.S. Congressman (D-VA)
October 15, 2021
Congressional Hispanic Caucus and Joint Economic Committee Release New Repo...
Today, the Congressional Hispanic Caucus (CHC), led by Congressman Raul Ruiz, M.D. (D-CA), and the U.S. Congress Joint Economic Committee (JEC), led by Congressman Don Beyer (D-VA), released a new report that examines the wealth disparities that thre...
October 12, 2021
House Democrats Introduce Legislation To Strengthen And Reform Unemployment...
U.S. Representatives Don Beyer (D-VA), Alexandria Ocasio-Cortez (D-NY), Mikie Sherrill (D-NJ), Jimmy Gomez (D-CA), Cori Bush (D-MO), and Scott Peters (D-CA) today announced the introduction of the Unemployment Insurance Improvement Act, H.R. 5507, le...
October 8, 2021
JEC Chairman Beyer on September Jobs Report
Today, Congressman Don Beyer (D-VA), Chairman 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 194,000 in September ...
October 7, 2021
Build Back Better revenue provisions “rebalance the scale,” create long-ter...
Yesterday, the U.S. Congress Joint Economic Committee (JEC)—led by Chairman Don Beyer (D-VA)—held a hearing titled “Building Back Better: Raising Revenue to Invest in Shared Prosperity” to examine the economic benefits of the revenue provisions inclu...

Republican News

From Ranking Member
Mike Lee
U.S. Senator (R-UT)
October 8, 2021
Ranking Member Mike Lee on September Jobs Report
WASHINGTON—Sen. Mike Lee (R-UT), Ranking Member of the Joint Economic Committee, made the following statement on this morning’s jobs report issued by the U.S. Department of Labor:
October 6, 2021
The Economics of Inflation and the Risks of Ballooning Government Spending
Prices today are rising at their fastest pace in decades and American concern about inflation is growing. While some amount of inflation can be the result of a healthy and growing economy, rapid, sustained inflation harms American families by wiping ...
September 28, 2021
Occupational Licensing Stands in the Way of Recovery
In the most recent Bureau of Labor Statistics data, there were a record 10.9 million open jobs and 2.2 million more unfilled positions than people looking for work. With unemployment still high, returning more Americans to work continues to be a top ...
September 22, 2021
Keep the Lights On: Fixing U.S. Power Issues Through Policy Reform
An improved system of power generation and transmission in the U.S. would prevent some outages, and also reduce the price of electricity to American families, businesses, and institutions through increased production and competition. This would make ...

State Unemployment Data

Latest Economic Data

Total nonfarm payroll employment rose by 194,000 in September, and the unemployment rate fell by 0.4 percentage point to 4.8 percent, the U.S. Bureau of Labor Statistics reported today. Notable job gains occurred in leisure and hospitality, in professional and business services, in retail trade, and in transportation and warehousing. Employment in public education declined over the month.
Real gross domestic product (GDP) increased at an annual rate of 6.7 percent in the second quarter of 2021, reflecting the continued economic recovery, reopening of establishments, and continued government response related to the COVID-19 pandemic.
In the week ending October 9, initial weekly unemployment insurance claims declined by 36,000 to 293,000, a new pandemic low. Initial claims are now 65% lower than when President Biden took office and 95% lower than during the height of the pandemic. The 4-week moving average was 334,250, a decrease of 10,500 from the previous week's revised average. This is the lowest level for this average since March 2020.