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Democratic News

From Chairman
Don Beyer
U.S. Congressman (D-VA)
December 2, 2022
JEC Chairman Beyer on November Jobs Report
The Bureau of Labor Statistics (BLS) reported that nonfarm payroll employment increased by 263,000 in November and the unemployment rate held steady at 3.7%.
November 30, 2022
Joint Economic Committee Report: Expanded Child Tax Credit Drove Largest-Ev...
CTC lifted 5.3 million people, including 2.9 million children, out of poverty in 2021
November 10, 2022
JEC Chairman on October CPI Release
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 reported that Consumer Price Index (CPI) inflation held steady at 0.4% on a seasonally a...
November 4, 2022
JEC Chairman Beyer on October 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 261,000 in October an...

Republican News

From Ranking Member
Mike Lee
U.S. Senator (R-UT)
December 2, 2022
Ranking Member Mike Lee on November Jobs Report
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:
November 21, 2022
Policy Solutions to Reduce Inflation
The United States economy in 2022 faces sustained high inflation and slowing economic growth, largely due to demand-boosting fiscal policy and loose monetary policy.
November 10, 2022
State Inflation Tracker: October 2022
Americans are facing the highest inflation rates in decades, making it harder for them to afford everyday goods and more expensive to raise their families. Each month coinciding with the Bureau of Labor Statistics’ release of the Consumer Price Index...
November 4, 2022
Ranking Member Mike Lee on October Jobs Report
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 261,000 jobs in October:

State Unemployment Data

Latest Economic Data

Total nonfarm payroll employment increased by 261,000 in October, and the unemployment rate rose to 3.7 percent, the U.S. Bureau of Labor Statistics reported today.
Real gross domestic product (GDP) increased at an annual rate of 2.9 percent in the third quarter of 2022, in contrast to a decrease of 0.6 percent in the second quarter.
The latest data released by the Department of Labor show that the four-week moving average for unemployment claims fell to the lowest level since 1970. The number of new filings for unemployment insurance benefits was 244,000 for the week ending July 9. The four-week moving average, which smooths week-to-week volatility in the data, is 235,750, down 72% since President Biden took office.