Skip to main content

Joint Economic Committee Democrats

Issue Briefs

Dec 06 2021

Inaction On Climate Change Will Have Devastating Consequences For The Economy, Families, And Communities

Failure to address climate change will prove catastrophic. The economic and social costs are enormous. Climate change will increase the frequency and impact of natural disasters such as hurricanes and floods, and increase the likelihood of unbearable heat and droughts. From an economic point of view, a hotter planet will make workers and agricultural land less productive, slowing economic growth and lowering living standards over time. All Americans will bear the costs of climate change, and the small fraction of the global population that has not yet been affected shrinks every day. Unchecked, these costs—which disproportionately impact marginalized communities—will continue to compound, harming working families through reduced wages, property loss, and worse health outcomes.

Dec 02 2021

Estimates of Advance Child Tax Credit Distribution By Congressional District (2021)

Using state-level data from the Treasury Department on advance Child Tax Credit (CTC) payments, the Joint Economic Committee estimated, by congressional district, the cumulative total CTC payment amounts in 2021 and the number of eligible children receiving the benefit at year’s end. Advance CTC payments began on July 15 and were authorized to continue each month through the end of the year. JEC estimates are based on data available through November 15.

Nov 19 2021

State-By-State Fact Sheets: October 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.

Nov 04 2021

Hispanic Entrepreneurs and Businesses Are Helping to Drive the Economy’s Entrepreneurial Growth and Job Creation

Entrepreneurship and business creation are fundamental to a dynamic economy. Companies less than five years old create an average of 1.5 million new jobs each year. Hispanic Americans are helping to drive this engine of job creation. Nearly 1 in 4 new businesses—which provide critical sources of new jobs—are Hispanic-owned, and the nearly 5 million Hispanic-owned businesses contribute over $800 billion to the American economy annually. In the decade preceding the pandemic, the number of Hispanic business owners increased 34% compared to an increase of just 1% among non-Hispanic business owners.