Economy

JEC Chairman on May CPI Data

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Tags: Economy

Congressman Don Beyer (D-VA), Chairman of the U.S. Congress Joint Economic Committee (JEC), released the following statement after the Bureau of Labor Statistics reported the May Consumer Price Index rose 1.0% on a seasonally adjusted basis, up from 0.3% in April. “Prices remain far too high for U.S. workers and families, blunting Americans’ gains from a red-hot economy. Putin’s price hikes are pu...

JEC Chairman Beyer on May Jobs Data

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Tags: Economy

Today, Congressman Don Beyer (D-VA), Chairman of the U.S. Congress Joint Economic Committee (JEC), released the following statement after the Bureau of Labor Statistics (BLS) reported that nonfarm payroll employment increased by 390,000 in May and the unemployment rate stayed the same at 3.6%. The unemployment rate was 6.2% for Black workers, 4.3% for Hispanic workers, 2.4% for Asian workers and 4...

JEC, CAPAC Release New Report on Economic Disparities in Asian American, Native Hawaiian, Pacific Islander Community

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In recognition of Asian American, Native Hawaiian and Pacific Islander (AANHPI) Heritage Month, the U.S. Congress Joint Economic Committee and the Congressional Asian Pacific American Caucus have released a new report on economic disparities in the AANHPI community, their contributions to the U.S. economy and the need for more disaggregated data. Data show Asian Americans, Native Hawaiians and Pac...

Ahead Of Vice President Harris’ Event In Falls Church, Beyer Submits Community Project Requests To Fund Northern Virginia Initiatives

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Rep. Don Beyer (D-VA), who represents the Northern Virginia suburbs of the nation’s capital, today announced his submissions on behalf of Virginia’s 8th Congressional District requesting federal funds from the Fiscal Year 2023 Community Project Funding (CPF) Program, which will provide targeted funding for local projects across the country. All of Beyer’s FY22 requests were fully funded by appropr...

Rep. Beyer, Sen. Heinrich, Rep. Davids Release New Report on Barriers to Economic Opportunity, Mobility Facing Native American Communities

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Today, Congressman Don Beyer (D-VA), Chairman of the U.S. Congress Joint Economic Committee (JEC); Senator Martin Heinrich (D-NM), Vice Chair of the JEC; and Congresswoman Sharice Davids (D-KS), Native American Caucus Co-Chair and member of the JEC released a new analysis on the persistent structural barriers facing Native American communities and how they hinder economic opportunity, mobility and...

JEC Chairman Beyer on Chair Powell Confirmation

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Tags: Economy

Today, Congressman Don Beyer (D-VA), Chairman of the U.S. Congress Joint Economic Committee (JEC), released the following statement after Chair Powell was confirmed for a second term to the Board of Governors of the Federal Reserve. “I applaud today’s re-confirmation of Chair Powell, whose leadership at the Fed helped contain the economic damage from the coronavirus pandemic. With his data-driven ...

JEC Chairman Beyer on April CPI Data

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Tags: Economy

Congressman Don Beyer (D-VA), Chairman of the U.S. Congress Joint Economic Committee (JEC), released the following statement after the Bureau of Labor Statistics reported the April Consumer Price Index rose 0.3 % on a seasonally adjusted basis, down from 1.2% in March. As the pace of broader inflation had begun to moderate, Russia’s unprovoked invasion of Ukraine has driven up food and energy pric...

Beyer Introduces Air Ventilation Legislation As Monthly Jobs Report Shows More Americans Returning To In-Person Work

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Rep. Don Beyer (D-VA), who chairs Congress’ Joint Economic Committee, today announced the introduction of the Airborne Act, legislation that would incentivize non-residential building owners to conduct indoor air quality assessments (IAQ) and upgrade their ventilation and air filtration systems. The bill introduction followed a sharp uptick in workers returning to in-person work in April, accordin...

JEC Chairman Beyer on April Jobs Data

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Tags: Economy

Today, Congressman Don Beyer (D-VA), Chairman of the U.S. Congress Joint Economic Committee (JEC), released the following statement after the Bureau of Labor Statistics (BLS) reported that nonfarm payroll employment increased by 428,000 in April and the unemployment rate remained stable at 3.6%. The unemployment rate was 5.9% for Black workers, 4.1% for Hispanic workers, 3.1% for Asian workers and...

JEC Report Shows New Business Applications Reached Highest Level on Record

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Tags: Economy

Today, in recognition of National Small Business Week, the Joint Economic Committee (JEC) released a new state-by-state analysis of business applications in 2021 that shows a record surge across all 50 states and the District of Columbia. The pandemic posed significant challenges to businesses around the country, impacting families and communities nationwide. Black, Hispanic and Asian business own...