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FINAL Written Testimony for JEC Hearing - Boteach
research pointing to the importance of the early years for young children s healthy development 15 Recent
data show that over half of child care workers were enrolled in at least one public assistance or support...support program 16 Many child care workers cannot afford child care for their own children Pre pandemicdata show in 21 states and the District of Columbia non preschool child care workers would have to spend...shared downloads PDFs our work public policy ad vocacy naeyc policy crisis coronavirus december surveydata pdf 26 U S Bureau of Labor Statistics Economic News Release Feb 2021 https www bls gov news release... -
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Last week the Bureau of Economic Analysis and the Bureau of Labor Statistics released conflicting
data about the strength of this recovery On the one hand accord ing to the BEA real GDP growth was basically...households as much and getting new houses Could you comment on this Chair Yellen I agree with thedata that you are citing We have seen very slow household formation Many young people are living with their...well as what we see in broader statis tics that suggest that the weather played a role And recentdata is certainly much more encouraging on a wide range of fronts from car sales retail sales industrial... -
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money today on worker training than we ever have before And so I guess my question is What does the
data tell us are the greatest chances to get real economic multipliers out of invest ment and spending... -
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percent annual rate over the 3 years since 2010 the lowest rate recorded since we began tracking these
data in the 1960s Lower health spending helps with wages and jobs Fourth the dramatic increase in domestic...deeply embedded trend is the rise in inequality It began in the late 1970s and one of the starkestdata points in that regard is that last year 19 3 percent of the total income went to the top 1 percent...points off the fourth quarter growth rate I think you also observe it in thedata If you look especially at daily and weeklydata in the first half of October you saw two dif ferent measures that showed slowing... -
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other thing we need to do is invest greater resources in job training In my State of Maryland recent
data indicates that 60 percent of the positions that are available cannot be filled because people are...particular that is important particu larly as it relates to women is the Paycheck Fairness Act because thedata clearly suggest that women are underpaid relative to men 5 Even if you normalize for educational disparities...minimum wage which is often positioned as negative for economic growth in fact if you look at thedata you see that a lot of minimum wage earners do business or shop or buy food at places that are minimum... -
https://www.jec.senate.gov/public/index.cfm/annual-reports?ID=9284E049-3C52-47E6-80E5-51AAE4AF1CAB#RelatedFiles
VIII Climate risks to the broader financial sector are large but opportunities also exist 54 Better
data analysis and insurance options can help mitigate climate financial risk 55 The importance of grid...86 Territories across the United States need equitable access todata in order to improve their economies 87 Disparities in federaldata collection lead to underrepresentation of residents in U S Territories...and survey challenges make collecting thisdata for Territories more difficult though some progress has been made 90 Proposed legislation would advancedata equity for U S Territories 91 The federal government... -
https://www.jec.senate.gov/public/index.cfm/annual-reports?ID=4233EAB0-FD44-4DEF-AD80-2578C69E0053#RelatedFiles
and reduce out of pocket costs for families including releasing a record amount of oil from the
Strategic Petroleum Reserve providing relief for energy bills lowering health insurance premiums for millions...the U S economy is on track to grow faster than China which has not happened in over 40 years 2 6Data continue to indicate economic strength in early 2022 as consumption and business investment were both...contraction was largely due to changes in inventories and net exports that masked strong underlying economicdata President Biden has continued the trend of stronger economic growth under Democratic presidents From... -
https://www.jec.senate.gov/public/index.cfm/annual-reports?ID=7EA7194D-65BD-4DD1-92A6-7FE75A4684B1#RelatedFiles
employment turned up recently adding almost 300 000 jobs from August to October Taken together the recent
data suggest that the economy is on the right track Analysts expect continued job gains and strong sustainable...ended in November 2001 making it at eight months one of the shortest and shallowest on record Alldata in this report are current at the time of writing but are subject to future revision 2 The NBER dating...Discretionary spending for example grew at a 12 5 rate in fiscal 2003 The Outlook Recent economicdata suggest that the natural resilience of our economy boosted by aggressive monetary policy and well... -
https://www.jec.senate.gov/public/index.cfm/annual-reports?ID=E27FC754-3A20-491F-B6A1-E83FECDBDA4C#RelatedFiles
robustly with little sign of any meaningful inflation In the third quarter for example the most recent
data indicate that real GDP growth was robust at 4 3 Real GDP has grown at positive rates for 16 quarters...capital formation were over taxed and further taxed multiple times seemed to be underscored by thedata Accordingly a tax program was proposed which lowered the tax rates on dividends and capital gains...economic growth As thedata in Figure 2 suggest these tax cuts are associated with higher trend growth in business investment spending and increases in the value of stock market The NIPAdata for example suggest... -
https://www.jec.senate.gov/public/index.cfm/annual-reports?ID=27BFF9E2-6641-4102-87A3-9D2B18898509#RelatedFiles
mustered to support the view that wages are rigid under price stability is based largely on historical
data from periods of moderate inflation While some evidence supporting some wage rigidity may exist during...low at modest levels of inflation The application of welfare theory to crude imperfect real worlddata is problematic The power or robustness of relevant empirical estimates is low these estimates are...case when such estimates are made for environments of low levels of inflation where relatively fewdata points or observations exist As a consequence of this lack of precision numerical estimates of the...
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