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July Jobs Report – We Must Do More, We Need to Make It In America
Today, the Bureau of Labor Statistics (BLS) reported we lost 131,000 jobs in July, in large part due to the 143,000 temporary Census workers completing their work. But July marked the seventh straight month of private sector job growth with 71,000 private… Continue
Boehner Wants Teachers, Nurses, and Police Officers in Unemployment Line, Instead of in Classrooms and on the Beat
House Republican Leader John Boehner (R-OH) shocked hard-working Americans yesterday when he called dedicated individuals who teach our children, the nurses who care for us when we get sick and the police officers who patrol our streets “special interests.” Calling a bill… Continue
Four Facts You Need To Know
Here are four facts you need to know about the Senate-passed bill the House will consider next week to keep teachers in the classroom and police officers on the beat instead of in the unemployment line: 1. Saves and creates 290,000 American… Continue
Gains in Private Sector Employment
Recent news continues to reveal some signs the economy is on the path to recovery — evidenced by greater than expected gains in U.S. private sector employment and gains the service sector. Private sector jobs increased in July for the sixth straight… Continue
New JEC Report Shows Need for "Make It In America" Agenda
American manufacturing is the largest single contributor the U.S. economy, generating about 12% of our GDP, and is central to our economic recovery. Thanks to the recovery efforts by the Obama Administration and the Democratic-led Congress, America's manufacturing base has grown for… Continue
House Passes Biggest Overhaul of the Oil Industry in Decades
In the wake of the BP disaster, Congress is acting on its commitment to protect America's families and businesses, rebuild the Gulf Coast, hold BP and oil companies accountable, and work to ensure that a spill of this kind never happens again…. Continue
Pearlstein: Corporate Profits Have Returned, But Hiring American Workers Has Not
In today's Washington Post, Steven Pearlstein highlights the hypocrisy of the U.S. Chamber of Commerce and others who are blaming the Obama Administration and Democrats in Congress for continued high unemployment when annual corporate profits have rebounded to a staggering $1.2 trillion… Continue
Make It In America
House Democrats are working on a “Make it in America” manufacturing strategy to create the high-skill, high-wage jobs of the future–promoting American competitiveness, innovation, and exports. As Speaker Pelosi explained last week, “our strategy will create new American jobs building wind turbines… Continue
What If…
Today, Alan Blinder, a Princeton professor and former vice chairman of the Fed, and Mark Zandi, chief economist at Moody's Analytics, released a new study the New York Times calls “a first stab at comprehensively estimating the effects of the economic policy… Continue
Economists Say Government 'Intervention Helped Avert a 2nd Depression'
Today, economists Mark Zandi and Alan Blinder will release the first comprehensive study that estimates the total effect of fiscal and financial policies of the last few years. In a summary of the analysis this morning, the New York Times writes that… Continue