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Joint Economic Committee Democrats
News & updates from the Democratic staff of the U.S. Congress Joint Economic Committee. Vice Chair Rep. Carolyn B. Maloney RTs!=endorsements.
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Joint Economic Committee Democrats 10h
Wage growth, according to median average weekly earnings, is up just 1% once inflation is taken into account.
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Joint Economic Committee Democrats 13h
PUBLIC HEARING: The Economic Impacts of the 2020 Census & Business Uses of Federal Data We’ll hear from committee members & witnesses about why accurate census data is critical to America’s economic health.
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Joint Economic Committee Democrats 14h
On Armed Forces Day, dig into information on military pay with these tables from the Department of Defense. (For context, in 2017, the typical U.S. household made about $61K/year.)
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Joint Economic Committee Democrats May 14
After passage of Vice Chair ’s Credit CARD Act, credit card companies were ltd in marketing to young adults, & delinquency rates among this group fell. Since credit standards started loosening in 2013, those rates have been creeping up again.
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Joint Economic Committee Democrats May 16
Federal spending on infrastructure has not increased significantly in decades. That leaves state and local governments to pick up the slack, which means state and local tax revenues are even more critical.
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Joint Economic Committee Democrats 17h
In 2017, the top 20% of households earned more than the bottom 80% - COMBINED. The top 5% earned over the 20% of aggregate income.
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Joint Economic Committee Democrats May 17
In April’s job numbers: White unemployment rate: 3.1% Hispanic unemployment rate: 4.2% Black unemployment rate: 6.7%
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Joint Economic Committee Democrats May 17
Worried about the next recession? Stabilizers that kick in automatically could ease the pain. Here, writes about this idea, from and
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Joint Economic Committee Democrats May 17
The unemployment rate is 3.6% now, its lowest since 1969. This continues a trend that began during the Obama administration, which cut the unemployment rate from its peak of 10% (Great Recession) to just 4.7%.
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Joint Economic Committee Democrats May 3
The American economy is enjoying one of its longest expansions on record.
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Joint Economic Committee Democrats May 17
During the 1st 27 months of the Trump administration, the average number of non-farm jobs created per month was lower than in the last 27 months of the Obama administration – by about 17K jobs per month.
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Joint Economic Committee Democrats May 17
While the CBO projects annual growth of just 1.7-1.8% from 2020-2029, the Presidents budget estimates nearly 3% annual growth during that period.
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Joint Economic Committee Democrats May 16
Perspective: In 2017, the median U.S. household made $61,372.
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Joint Economic Committee Democrats May 16
Federal spending on infrastructure has not increased significantly in decades. That leaves state and local governments to pick up the slack, which means state and local tax revenues are even more critical.
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Joint Economic Committee Democrats May 16
Replying to @JECDems
In 2014, the burden of import taxes was 5x as heavy for the bottom 10th of households as for the top 10th, research shows. Now, Americans are paying even more – & “the burden is still proportionately heavier on the poor.”
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Joint Economic Committee Democrats May 16
“The U.S. faces a net loss of more than 2.2 million jobs if all tariffs continue and cause a sales decline.” – article by for h/t
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Joint Economic Committee Democrats May 16
How is the impacting American consumers and the economy? Here are two articles that discuss some of the hardships now facing the US Economy and lower-income households in particular.
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Joint Economic Committee Democrats May 16
A 2017 study shows US GDP will decline by 1.2% for every degree of additional warming the planet undergoes. . That year, 1.2% of US GDP was $233B.
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Joint Economic Committee Democrats May 15
Infrastructure spending affects our entire economy. Here, discusses how a comprehensive infrastructure package would create jobs, raise wages, address climate change & help fight inequality.
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Martin Heinrich May 15
The will continue to rise unless we act now.
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