Press Release
For Immediate Release: 
November 4, 2022
Contact Info: 
Raymond Rodriguez 202-225-3130
WASHINGTON, DC – House Majority Leader Steny H. Hoyer (MD) released the following statement today on the October jobs report: 

"The October jobs report released earlier today serves as yet another indication that our economy's growth continues to advance at a steady pace.  October saw the creation of another 261,000 American jobs, and our unemployment rate remains low at 3.7%.  Last month brought the total number of jobs created since President Biden took office in 2021 to well over 10 million – with more than 4 million jobs created so far in 2022 and 5.3 million jobs generated since this time last year.  Wages also grew faster last month, improving at the fastest rate since July.  In addition to today's positive jobs report, we learned last week that our nation's third-quarter GDP grew by 2.6% – another clear signal of our economy's strength.  These figures upend Republicans' narrow-minded and deceptive claims about our economy's trajectory. 
 
"While Republicans are openly rooting for a recession and purposefully contributing to the uncertainty that makes an economic downturn more likely, Democrats have enacted historic legislation to generate jobs, help American businesses get ahead, and create opportunities for workers and their families to thrive.  We have also taken steps to support the American people as they contend with the very real challenges associated with inflation.  Last summer we passed the CHIPS and Science Act to help repair and strengthen our broken supply chains that have driven up consumer prices.  Additionally, we enacted the Inflation Reduction Act to bring down Americans' prescription drug, health care, and energy costs and paid for it all while still reducing the deficit.  Throughout the past two years, House Democrats have demonstrated our ability to put people over politics to deliver meaningful results.  We will continue to build on that record and progress we have made for the American people in the months and years ahead."