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Democratic News

From Chairman
Don Beyer
U.S. Congressman (D-VA)
December 21, 2022
JEC Releases New Report on Economic Contributions of Older Workers, Barrier...
The U.S. Congress Joint Economic Committee (JEC)—led by Chairman Don Beyer (VA-08)—released a new report highlighting the growing economic contributions of older workers and the economy-wide harms cause by barriers they face in the labor market.
December 16, 2022
JEC Releases Report on Economic Risks, Need for Further Regulation of Digit...
Today, the U.S. Congress Joint Economic Committee—led by Chairman Don Beyer (D-VA)—released a new report detailing the rise and fall of the digital asset market in 2021 and 2022 and the need for further protections to mitigate risks to everyday consu...
December 16, 2022
ICYMI: JEC Chairman Beyer, Rep. Trone Op-ed Urges Bipartisan Action on Opio...
“With a divided Congress, we must remain united in combating the opioid epidemic”
December 15, 2022
New JEC Report Shows Immigration is Essential to U.S. Economic Strength
The U.S. Congress Joint Economic Committee—led by Chairman Don Beyer (D-VA)—released a new report highlighting the significant contributions immigrants make to the U.S. economy and its recovery from the pandemic.

Republican News

From Ranking Member
Mike Lee
U.S. Senator (R-UT)
December 13, 2022
State Inflation Tracker: November 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...
December 9, 2022
Finding Home: Helping the Homeless Improve Their Lives and Reconnect with C...
Homelessness has become a daunting problem in many cities across the United States, particularly since the 1980s. Drug use, deinstitutionalization of the mentally ill, increased family breakdown, and higher housing costs have all contributed to the r...
December 7, 2022
The Consequences of Declining Fertility for Social Capital
In 2020, the total fertility rate in the United States reached its lowest point on record. Fertility rebounded slightly in 2021, but Americans continue to not have enough children to maintain the current population.
December 2, 2022
Ranking Member Mike Lee on November Jobs Report
WASHINGTON—Senator Mike Lee (R-UT), Ranking Member of the Joint Economic Committee, made the following statement after the Bureau of Labor Statistics announced that the economy added 263,000 jobs in November:

State Unemployment Data

Latest Economic Data

Total nonfarm payroll employment increased by 223,000 in December, and the unemployment rate edged down to 3.5 percent, the U.S. Bureau of Labor Statistics reported today.
Real gross domestic product (GDP) increased at an annual rate of 2.9 percent in the fourth quarter of 2022, after increasing 3.2 percent in the third quarter.
The latest data released by the Department of Labor show that the number of initial unemployment claims fell to 190,000 for the week ending January 14, down 15,000 from the prior week. The four-week moving average, which smooths week-to-week volatility in the data, is 206,000, down 76% since President Biden took office.