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Joint Economic Committee Democrats

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Dec 04 2012

JEC Releases Payroll Tax Cut Fact Sheet

Tax Cut Supported Economic Recovery, Created Jobs and Bolstered the Social Security Trust Fund in 2012

WASHINGTON D.C. – Today, the U.S. Congress Joint Economic Committee released a fact sheet detailing the positive effect that the payroll tax cut had on the economy in 2012. The tax cut put about $1000 into the pocket of the average American family this year, which increased consumer spending, supported job growth, and bolstered the Social Security Trust Fund by increasing the number of employed Americans paying in to the system.

Nov 26 2012

JEC Releases November State-by-State Economic Snapshots

WASHINGTON, D.C. – Today, the U.S. Congress Joint Economic Committee (JEC) released the November edition of its state-by-state snapshots which detail each individual state’s economic progress for the previous month. The report shows that more than two out of three states recorded private sector job gains in October and nationally, 184,000 private sector jobs were added.

Nov 02 2012

JEC Chairman Casey’s Statement on October 2012 Employment Report

WASHINGTON D.C. – U.S. Senator Bob Casey (D-PA), Chairman of the U.S. Congress Joint Economic Committee (JEC), released the following statement on the Bureau of Labor Statistics’ October 2012 jobs report showing that 171,000 total nonfarm jobs were added and the unemployment rate was 7.9 percent:

Oct 05 2012

JEC Chairman Casey’s Statement on September 2012 Employment Report

WASHINGTON D.C. – U.S. Senator Bob Casey (D-PA), Chairman of the U.S. Congress Joint Economic Committee (JEC), released the following statement on the Bureau of Labor Statistics’ September 2012 jobs report showing that 114,000 total nonfarm jobs were added and the unemployment rate dropped to 7.8 percent.

Sep 07 2012

JEC Chairman Casey’s Statement on August 2012 Employment Report

WASHINGTON D.C. – U.S. Senator Bob Casey (D-PA), Chairman of the U.S. Congress Joint Economic Committee (JEC), released the following statement on the Bureau of Labor Statistics’ August 2012 jobs report showing that the unemployment rate dropped slightly to 8.1 percent:

Aug 28 2012

JEC Releases New Report on Military Spouse Employment

WASHINGTON, D.C. – Today U.S. Senator Bob Casey, Chairman of the Joint Economic Committee (JEC), released a JEC report highlighting the challenges confronting military spouses in the workforce. The report entitled, “Strengthening Military Households by Decreasing the Barriers to Work”, reveals an unemployment rate of 15 percent for military wives in 2010 compared to 7.3 percent for their civilian counterparts.

Aug 06 2012

JEC Releases New Report on the Impact of Intellectual Property Theft on the Economy

Today, U.S. Senator Bob Casey, Chairman of the Joint Economic Committee (JEC), released a JEC report detailing the adverse effects that intellectual property theft has on our nation’s economic growth and ability to create jobs. The report, entitled “The Impact of Intellectual Property Theft on the Economy,” reveals the significant revenue losses for corporations, consumers and tax payers attributed to counterfeiting and piracy.

Aug 03 2012

JEC Chairman Casey’s Statement on July 2012 Employment Report

U.S. Senator Bob Casey (D-PA), Chairman of the U.S. Congress Joint Economic Committee (JEC), released the follow statement on the Bureau of Labor Statistics’ July 2012 jobs report showing that 163,000 total nonfarm jobs were added and the unemployment rate was little changed at 8.3 percent.

Jul 23 2012

JEC Releases July 2012 State-by-State Report

Today, the U.S. Congress Joint Economic Committee released the seventh installment of its “Understanding the Economy: State-by-State Snapshots” 2012 series, which provides easy access to the major economic indicators in all 50 states and the District of Columbia in the areas of jobs, unemployment, personal earnings and housing

Jul 10 2012

JEC Releases New Report on Benefits of Tax Incentives for Small Businesses

Today, the Joint Economic Committee (JEC), Chaired by U.S. Senator Bob Casey (D-PA), released a new report finding that targeted tax credits may provide additional incentives for business owners to add workers, and would be particularly beneficial for small businesses, which account for a substantial majority of business establishments and are responsible for a significant share of the hiring during the recovery.