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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.


Related

Economy Weekly: Week of January 6, 2019
 
Trump must not remember the last one because – get this – he is threatening ANOTHER government shutdown. Politico Playbook PM reports:
The Majority Leader’s Office is now sending a weekly e-mail highlighting economic statistics and news that Members can use as they discuss the state of the economy and how House Democrats are working to spur economic growth, support job creation, and raise wages for the people.
U.S. economic growth slowed again in the third quarter, down to an annualized pace of just 1.9 percent… 1.9 percent is a far cry from the ‘4 percent, 5 percent and even 6 percent’ growth rates that Trump once promised to deliver.
This morning’s jobs report for October again shows an economy struggling to overcome the effects of President Trump’s trade wars and Republican policies of disinvestment in opportunity for working people in our country.
A warning from the father of the inverted yield curve, Campbell Harvey: “…The curve first inverted briefly in March then turned lower again in May where it has stayed since…Harvey said the curve needs to stay inverted for three months to be reliable, so in this instance the duration means the indicator is ‘flashing code red’ for a recession. ‘It’s not normal. It’s something that foreshadows bad times.”
The Majority Leader’s Office is now sending a weekly e-mail highlighting economic statistics and news that Members can use as they discuss the state of the economy and how House Democrats are working to spur economic growth, support job creation, and raise wages for the people.
 
Action on climate change!
 
I join in celebrating the twenty-fifth anniversary of AmeriCorps, a remarkably successful program that promotes volunteerism to help build stronger communities. 
The July jobs report tells the story of American economic resilience in the face of serious challenges and a failure by the current Administration to build on the policies that brought about our recovery from the Great Recession.