Skip to main content

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.


Related

Economy Weekly: Week of March 2, 2020
While the February jobs report continues to show a record streak of job gains going back more than nine years, we also are learning in real time from both our financial markets and from Main Street businesses that we must be prepared for disruptions in global supply chains and lower consumer demand that could impact our economy and working families as a result of the coronavirus. This jobs report also shows a slowdown in wage growth that cannot be ignored. 
Economy Weekly: Week of February 10, 2020
The reviews of the President’s budget are in, and they are not kind. They point out the unrealistic economic growth assumptions, the massive deficits and debt, and his broken promise to protect programs like Medicare. Check it out:

From Politico:
President Trump’s budget released yesterday clearly outlines his priorities: the wealthiest Americans come first, while working families are left behind. After he promised to protect Medicare, Medicaid, and access to affordable health care, the President’s budget proposes destructive cuts to these programs and continues this Administration’s assault on American’s health care.
Yesterday, the President released his budget proposal for Fiscal Year 2021 and made his priorities clear: he continues to put the wealthiest Americans first at the expense of working families. The budget proposal makes tax cuts for the wealthy permanent while breaking his promises to working families on health care, the economy, and other areas that help Americans get ahead and keep them safe.
 
The budget released by the Trump administration Monday relies on a set of false assumptions about our economy, reflecting the distorted vision laid out in last week’s State of the Union address. In that speech, President Trump lied again and again about his record on the economy. It is critical that Americans know the facts.
President Trump’s FY2021 budget is replete with dangerous proposals that leave working families to fend for themselves in a changing and uncertain economy.  This budget makes the President’s priorities clear: the wealthiest Americans come first ahead of working Americans who are trying to get by and get ahead.
Economy Weekly: Week of February 3, 2020
 
House Majority Leader Steny H. Hoyer (MD) released a video today pushing back on the falsehoods in President Trump’s State of the Union address, in which he took credit for the strong economy he inherited and misled the American people about his record and policies, which are failing working families.