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
Hoyer Statement on the Consumer Assistance to Recycle and Save Act
I am pleased that the House passed the CARS Act this afternoon with strong, bipartisan support.
Hoyer Statement on Jobs Numbers
May’s job losses were down dramatically, a sign that the economic recovery policy put in place by President Obama and the Democratic Congress appears to be starting to work.
Hoyer: In 100 Days, American Recovery and Reinvestment Act Working to Rebuild the Economy
Today marks the 100th day since the enactment of the American Recovery and Reinvestment Act, a sweeping economic package designed to turn our economy around—a process that is just beginning.
Leaders Mark 100 Days Since Signing of the American Recovery and Reinvestment Act
Democratic Leaders mark the 100th day since President Obama signed the American Recovery and Reinvestment Act into law.
Credit Card Bill Nears Completion
The House appears likely to clear sweeping new restrictions on the credit card industry Wednesday — a major success for President Obama that would directly affect far more Americans than any of his other economic initiatives to date.
Congress Passes Credit Cardholders' Bill of Rights
Today, the House passed the Credit Cardholders’ Bill of Rights Act by a vote of 361 to 64. The bill now goes to President Obama, who is expected to sign it this week.
Hoyer Statement on the Helping Families Save Their Homes Act
Today, the House passed the Helping Families Save Their Homes Act of 2009, an important piece of legislation that will help responsible families avoid foreclosure, while stabilizing our housing market.
Hoyer Statement on the Credit Cardholders' Bill of Rights Act
First, I want to thank Rep. Maloney, who sponsored the House companion of this bill, and who has been a tireless advocate of credit card reform.
Hoyer Statement on the Fraud Enforcement and Recovery Act
Today, the House voted for final passage of the Fraud Enforcement and Recovery Act of 2009, a bill that will improve the integrity of our financial system and help us avoid a repeat of the recent economic crisis.
Democratic Leaders on the Release of the Medicare and Social Security Trustees Report
Today, the Medicare and Social Security Trustees issued their annual report, which included updated projections for the solvency of Social Security and Medicare trust funds.