Skip to main content

Democratic News

From Chairman
Don Beyer
U.S. Congressman (D-VA)
June 27, 2022
Chairman Beyer Releases Response to Economic Report of the President
Congressman Don Beyer (D-VA), Chair of the U.S. Congress Joint Economic Committee (JEC), released the annual response to the Economic Report of the President (the Report).
June 13, 2022
Bloomberg Law: Union Workers Paid More, House Democrats Find in New Researc...
Workers in a union are paid over 10% more than non-union workers, according to a report authored by US House labor and economic committee Democrats.
June 13, 2022
Marketplace: Black and Latino workers see biggest wage gains from union mem...
A recent study from the congressional joint Economic Committee found union members earn on average 10% more than their non-union peers. The difference is even greater for Black and Latino unionized workers, whose wages were 17% and 23% higher on aver...
June 10, 2022
JEC, Ed and Labor Release New Report on Economic Benefits of Unions
Today, the U.S. Congress Joint Economic Committee (JEC) and the House Committee on Education and Labor released a new report analyzing the economic benefits of unions for workers and families.

Republican News

From Ranking Member
Mike Lee
U.S. Senator (R-UT)
June 24, 2022
Minority Response to the 2022 Economic Report of the President
The Joint Economic Committee is responsible for responding to the Economic Report of the President (hereafter “Report”) as part of advising Congress on policies that promote the objectives of the Employment Act of 1946—to pursue maximum purchasing po...
June 15, 2022
The Economic Cost of Abortion
In recent weeks, U.S. Treasury Secretary Janet Yellen and other economists have argued that restricting abortion would negatively affect the economy, particularly by diminishing the labor market outcomes of women. These arguments overlook the far gre...
June 10, 2022
State Inflation Tracker: May 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...
June 3, 2022
Reforming Supplemental Security Income to Better Serve Children with Disabi...
The Supplemental Security Income (SSI) program is the largest cash assistance program for low-income Americans. The program was created to serve the low-income elderly and disabled Americans who cannot support themselves.

State Unemployment Data

Latest Economic Data

Total nonfarm payroll employment rose by 390,000 in May, and the unemployment rate remained at 3.6 percent, the U.S. Bureau of Labor Statistics reported today.
Real gross domestic product (GDP) decreased at an annual rate of 1.5 percent in the first quarter of 2022, following an increase of 6.9 percent in the fourth quarter of 2021.
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 decreased from 171,000 to 166,000 for the week ending June 18. The four-week moving average, which smooths week-to-week volatility in the data, is 223,500, down 73% since President Biden took office.