Today, U.S. Representative Marie Newman (D-IL-03) and Joint Economic Committee Chairman (JEC) Representative Don Beyer (D-VA-08) released their first-ever Worker’s Economy Report, a new shortcut guide designed to provide constituents with an understanding of America’s post-pandemic economy. Released quarterly, the new report examines how the passage of the American Rescue Plan coupled with the Biden Administration’s successful national vaccination campaign has created new jobs, boosted entrepreneurship, lifted up our restaurant industry, and driven down unemployment across the nation. These economic indicators demonstrate that our nation is on the right track to a worker’s economy in which growth is strong, stable, and sustained for every American.
“As our nation continues to recover from the coronavirus recession and the uncertainty of the Delta variant, our families, workers and communities need to know the latest impact of the pandemic and how our economy is performing. That’s why I’m proud to partner with the Joint Economic Committee to produce the Worker’s Economy Report, which does just that by providing our constituents with an overview of the strength of our economy and the robustness of our recovery,” said Congresswoman Newman. “Building a 21st century economy that works for all Americans starts by ensuring we invest in our workers, the backbone of this nation. Over the next year, I look forward to providing Americans with a quarterly update on how Congress and President Biden are doing just that.”
“Advancing an economy that benefits all Americans—and not just the wealthiest—starts with understanding how the economy is performing for real people up and down the income ladder,” said JEC Chairman Don Beyer. “It’s why I’m pleased to be partnering with my colleague Congresswoman Newman to produce the quarterly Workers Economy Report, which highlights the indicators that matter most to our constituents. As our nation recovers from the largest economic shock since the Great Depression, we can see from this snapshot how evidence-based investments in workers, communities, and state and local governments, like those in the American Rescue Plan, are key to growing the economy, creating jobs, and supporting small businesses. Over the next year, I look forward to providing this as a resource to demonstrate the successful efforts of Congress and the Biden Administration to build a future of shared prosperity.”
This quarter’s report examines various economic indicators that represent a real difference to working families, such as job growth, unemployment, new business formation and consumer spending. Since President Biden took office, the nation has recovered more than 4 million jobs, with last week’s latest jobs announcement showing the U.S. added 943,000 jobs in July, a strong recovery for America’s workers.
Over the coming months, Representatives Newman and Beyer will continue to release a quarterly Worker’s Economy Report, detailing efforts to ensure this nation’s robust recovery transitions towards strong, stable, and broadly shared long-term economic growth that benefits all Americans.