Jobs & the Economy

Jobs & the Economy
Creating jobs and expanding economic opportunity continues to be Democrats’ top priority. 
Creating jobs and expanding economic opportunity continues to be Democrats’ top priority.  Too many Americans were struggling to get by even before the COVID-19 pandemic, and the economic policies of the past four years were only making income and wealth inequality worse.  That has to change, and it’s why Democrats are partnering with President Biden to enact policies that help businesses, workers, and communities build back better and stronger from this pandemic.  

Democrats will pursue an economic agenda that helps American businesses create good jobs and ensure that workers have the tools not only to get by but to get ahead.  From raising the minimum wage to ensuring equal pay for equal work, from making childcare more affordable to making it easier to save for retirement, Democrats’ economic policies will be aimed at helping workers and their families attain real economic security.  By investing in infrastructure and greater access to high-speed internet, taking the lead in the clean-energy economy, and supporting innovation and entrepreneurship, Democrats will partner with the Biden Administration to create jobs that pay well and won’t be outsourced.  Moreover, we will continue to champion access to 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.  

When Democrats last held the majority and our nation faced an economic crisis, we passed the American Recovery and Reinvestment Act, which cut taxes for 95% of American families and led the way to creating two million new private sector jobs.  Democrats also enacted Wall Street reform legislation that restored common sense rules to protect families and our economy from the excesses of big banks and help prevent a financial collapse from happening again.  Now, as we confront an even more damaging economic crisis from COVID-19, House Democrats will work hand-in-hand with the Biden Administration to meet this challenge through the American Rescue Plan. 
Jobs & the Economy Related
There can be no mistaking the truth: our economy is in a crisis the likes of which we have not seen in our lifetimes.
10/29/20
With two weeks left before Election Day and millions of Americans already casting their ballots, President Donald Trump still has not indicated what his policy agenda would be for a second term.
10/21/20
Today's jobs report shows that the recovery we had begun to experience from the COVID-19 pandemic’s job losses has slowed. More than 10 million Americans are unemployed now compared to February. At September’s pace, it would take three years to recover just the jobs lost in the month of April alone. 
10/2/20
Madam Speaker, this week, Democrats are coming to the Floor to highlight the work we have been doing over the past two years governing for the people – in sharp contrast with the way President Trump and Republicans have failed the people.
 
9/24/20
Madam Speaker, the global climate crisis is one of the greatest challenges of our time. We must confront climate change, and an essential part of that is investing in clean energy innovation. This alone is certainly not going be enough to address the climate crisis we face. But it is a critical step forward that we can and must take right now.
9/23/20
Today, the Democratic-led House passed major legislation to protect women in our workforce.  The Pregnant Workers Fairness Act, which would require employers to make reasonable accommodations in work conditions for employees who are pregnant, will remove barriers for women in workplaces as they seek to balance their careers with family life. 
9/17/20
The jobs report for August makes it clear that millions of Americans are still struggling without work, and we have a long way to go before we recover from this crisis. While the unemployment rate improved slightly, the massive scope of Americans still out of work means we have far more work to do to build back better.
9/4/20
Eighty-five years ago today, President Franklin Roosevelt signed the Social Security Act into law, ensuring that American seniors would never again have to worry about going destitute in their later years.
8/14/20
While I am relieved the unemployment rate fell slightly in July, there is little to celebrate.  At 10.2%, it is still above the worst month of the Great Recession, and the pace of job gains slowed again last month.
8/7/20
After hitting “pause” on coronavirus relief, President Trump and Congressional Republicans are about to let enhanced unemployment assistance expire for over 30 million Americans – one in five workers – who are unemployed through no fault of their own.
7/31/20
I am pleased that the House was able to come together in a bipartisan vote to reauthorize the Water Resources Development Act (WRDA) in a way that invests in upgrading and protecting America’s vital waterways and water infrastructure.  I’ve been proud to lead the Make It In America agenda for jobs and opportunities, and strengthening infrastructure, as this bill does, is a key component of that plan.  American businesses and workers depend on safe and efficient ports, harbors, and navigable rivers to transport goods to market and access raw materials.  Communities also depend on water infrastructure to protect against flooding and ensure that the water they use for drinking and agriculture is clean and safe. 
 
7/30/20
“The second quarter GDP report released this morning by the Bureau of Economic Analysis ought to alarm every American.  GDP contracted at an unprecedented 33% annual rate, revealing the historic scale of the economic fallout from this crisis.  There should now be no question that Congress and the President must come together and pass a relief package large enough to meet this moment.  
 
7/30/20
Today’s updated Economic Outlook by the nonpartisan Congressional Budget Office (CBO) should serve as a call to action.  CBO unambiguously projects a challenge of unprecedented scale and scope.  Even after the extraordinary economic response in the CARES Act, unemployment will remain much higher and economic activity much lower for far longer than should be acceptable to any of us.   
7/2/20
While the jobs numbers released today demonstrate an improvement from the period after this pandemic first forced the closure of large parts of our economy, the sharp rise in COVID-19 cases and the subsequent decision in many states to pause or reverse re-opening plans threatens to halt the economic progress we had been making and further delay the recovery for millions of Americans who remain out of work.  Having recovered one-third of jobs lost to this crisis is good news; but the reality that two-thirds of Americans who lost their jobs are still out of work is a sobering reality.  As the extraordinary response of the CARES Act winds down, we are still a long way from a full recovery.
 
7/2/20
WASHINGTON, DC – House Majority Leader Steny H. Hoyer (MD) released the following statement today on the May jobs report: 

6/5/20
Earlier this month, the House passed the Heroes Act to fix issues that had arisen with regard to the initial drafting of the CARES Act, including provisions that created the Paycheck Protection Program.  
5/28/20
April’s jobs report reveals the overwhelming extent to which measures necessary to combat the COVID-19 pandemic have affected the economic well being of millions of Americans.
5/8/20
With another 3.8 million Americans filing for unemployment insurance last week, bringing the six week total to nearly one in five working Americans, it is clear that Congress must do more to help those harmed by the economic impacts of our fight against the coronavirus pandemic.
4/30/20
The steep contraction in our economy in the first quarter of 2020 is alarming but not unexpected. We know this is only the leading edge of the downturn, and economic growth, unemployment, and poverty in the second quarter will be much worse.
4/29/20
The House has taken action today, but our work is far from complete.  There is broad understanding that the scope of this crisis is far wider than the scope of the relief offered in today’s interim bill and that therefore the House will need to take further action soon. 
4/23/20
Today’s report that an additional 6.6 million Americans filed for unemployment insurance last week reflects the depth of this crisis and its impact on the economic well-being of working families across the country.
4/9/20
This morning's jobs report reflects the loss of jobs as the economy shuts down while we work to stop the spread of coronavirus.  Unfortunately, this report doesn't even show the full extent of the economic pain millions of Americans are experiencing. The unemployment rate, which went from 3.5% to 4.4%, was the largest monthly rate increase since 1975 - and it only reflects data through the middle of March, before many stay-at-home orders began. 
 
4/3/20
Each year, on Equal Pay Day, we count the number of extra weeks from the start of the new year that women have to work, on average, to earn the same pay as men in the previous year for the same work.  This pay gap is even more pronounced for women of color. 
3/31/20
Tonight, the President finally did what he should have done weeks ago: take this crisis seriously and address the nation about his Administration's strategy to deal with coronavirus. While he still failed to confront the hard truths of this challenge or answer important questions - including why officials still do not have enough testing kits and how he is going to address that shortage - President Trump at last shared steps he intends to take in the days and weeks ahead. 
3/11/20