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Jobs & the Economy

Creating jobs and expanding economic opportunity continues to be Democrats’ top priority.

Throughout the 117th Congress, House Democrats have partnered with President Biden to enact policies that expand economic opportunity for businesses, workers, and communities across America. Under President Biden and Congressional Democrats, the unemployment rate is at its lowest in more than 50 years with more than 10 million jobs created, helping more of our people get ahead in today’s economy and Make It In America.
 
Democrats pursue an economic agenda that helps American businesses create good-paying jobs and ensure that workers have the tools not only to get by but to get ahead in our global economy.  From raising the minimum wage to providing skills training and apprenticeship opportunities to ensuring equal pay for equal work, from making childcare more affordable to making it easier to save for retirement, Democrats’ economic policies are aimed at helping workers and their families attain real economic security at every stage of life. 
 
Democrats have also delivered historic legislation investing in infrastructure and greater access to high-speed internet, taking the lead in the clean-energy economy, and supporting innovation and entrepreneurship. The generational Bipartisan Infrastructure Law has already begun to expand economic opportunity for Americans in communities across the country and takes action to repair our nation’s roads, bridges, ports, and other infrastructure while creating nearly 1.5 million jobs annually over the next decade. It contains the first major American investment in climate resilience to help communities upgrade their critical infrastructure and mitigate the impact of climate change-driven extreme weather. Likewise, the Inflation Reduction Act also advances America’s clean energy goals, turbocharging clean energy research and transmission while promoting electric vehicle domestic manufacturing to reduce American dependence on gasoline while revitalizing our auto industry.
 
The CHIPS and Science Act includes bipartisan measures to revitalize the domestic semiconductor industry and spur research. By strengthening domestic supply chains, this law acts directly to accelerate American innovation in the long-term while acting immediately to address inflation and create good paying jobs. House Democrats will continue to champion skills training and education at every level – from early childhood learning through higher education – to prepare our people for success and advancement in a changing economy.  In all of these efforts, Democrats will continue to look for ways to make access to opportunities more equitable and to combat the lingering effects of legalized discrimination that continue to make it harder for minorities to access credit for loans, seek investment capital for startups, and build wealth to pass on to the next generation. 
 
With historic job creation under President Biden, House Democrats will continue to advance policies that expand economic opportunity for working families, support small businesses, and create better-paying jobs.


Jobs & the Economy Related

In October 2008, Democrats worked with the Bush Administration in a good faith effort to pass legislation to prevent the economy from collapsing into a depression.
Today, CNN released a report entitled, “Stimulus got me my job,” demonstrating the positive impact that the American Recovery and Reinvestment Act is having by creating and saving jobs for Americans across the country.
While the American housing market continues to rebound, this week new “applications for building permits, an indicator of future house-building, rose by 10.9% in December and were 15.8% higher than a year earlier.”
In the Fall of 2008, taxpayers were asked to provide extraordinary assistance to Wall Street to prevent a complete financial collapse and Democrats insisted that there be a plan for recovering funds lent to banks.
Today, the White House Council of Economic Advisors released a report to Congress on the economic impact of the American Recovery and Reinvestment Act.
As the Second Session of the 111th Congress begins, Democrats’ top priority is continuing the work we began last year to create jobs and strengthen our economy.
As the new year begins, Democrats remain focused on economic recovery and job creation to build on our efforts from 2009.

 
“Revised data now show that employment increased 4,000 in November. This is obviously welcome news and the first employment increase in 23 months. Compared with the unexpectedly good report for November, December’s job loss is a slight setback… As the President has said for a y
Today’s job numbers are a disappointment—for Congress and, more importantly, for the millions of American families who continue to struggle with an unemployment rate of 10%.
The Commerce Department reported Wednesday that the housing market rebounded in November, with new construction increasing across the country.