More on Joint Economic Committee (JEC)
JEC Chair Maloney’s Statement on February Jobs Report
Washington D.C. – Congresswoman Carolyn B. Maloney, Chair of the Joint Economic Committee (JEC) released the following statement on the Bureau of Labor Statistics’ February jobs report showing that the unemployment rate was unchanged at 9.7% and 36,000 total nonfarm jobs were lost:
Maloney: NYS Private Sector Jobs Increase, 1st Time Since April ‘08; High Unemployment Persists, More Action Needed To Spur Job Growth
New York, N.Y. – Congresswoman Carolyn B. Maloney (D-NY), Chair of the Joint Economic Committee, issued the following statement regarding the release of the New York State Labor Department’s January 2010 state employment data. The data showed that private sector payrolls in New York State rose by 30,500 from December 2009 to January 2010. New York State’s unemployment rate ticked down to 8.8 percent in January. However, the release also contained a revision to the private sector job counts for April 2008 to December 2009, which showed that the number of private sector jobs fell more rapidly than was previously reported.
JEC Chair Maloney on 4th Quarter GDP Report
Washington D.C. – Congresswoman Carolyn B. Maloney, Chair of the Joint Economic Committee released the following statement on the announcement that the real gross domestic product (GDP) increased at a rate of 5.7% in the fourth quarter of 2009: “Today’s GDP number shows that the recovery which began in the third quarter of 2009 accelerated in the fourth quarter. The economy has now grown for the past six months, providing fresh evidence that the Recovery Act, which Congress passed in February 2009, is working.
Joint Economic Committee Releases New State-by-State Report Offering Clear Picture of State Economies
Washington, D.C. – A new report released today by the Joint Economic Committee (JEC) provides a snapshot of the current economic climate in each state, offering policy makers easy access to the major economic indicators in all 50 states and the District of Columbia in the areas of jobs, unemployment, personal earnings and housing.
New GAO Study Provides Deeper Understanding of Recession
Washington, D.C. – Today, the Government Accountability Office released a report, entitled "Loan Performance and Negative Home Equity in the Nonprime Mortgage Market." The report provides a detailed understanding of the state of the housing market at the end of June 2009. The Chair of the Joint Economic Committee (JEC), Congresswoman Carolyn Maloney, requested the report in an effort to further understand the depth of the recession.
JEC Chair Maloney on December Jobs Report
Washington D.C. – Congresswoman Carolyn B. Maloney, Chair of the Joint Economic Committee released the following statement on the Bureau of Labor Statistics’ December jobs report showing that the unemployment rate remained unchanged at 10 percent and 85,000 total nonfarm jobs were lost:
Statement of Carolyn Maloney, Chair Joint Economic Committee Hearing
(As prepared for delivery) For the first time since the recession began two years ago, the labor market appears to have stabilized. After month after month of punishing losses, November’s employment picture was relatively stable. Less than a year ago, job losses were growing more and more severe. Last November, the economy shed 600,000 jobs. Losses increased until January, when they hit a post-Great Depression record of 741,000 jobs lost, the last month that President Bush was in office.
Floor Statement of Rep. Carolyn Maloney on Labor Markets
Washington D.C. – Congresswoman Carolyn B. Maloney, Chair of the Joint Economic Committee (JEC), gave the following speech on the floor of the U.S. House of Representatives. "Madam Speaker, while it’s a bit too early to draw conclusions about the health of the job market after a single month– a look back at the trends over the past two years can provide some valuable perspective. This chart shows monthly job losses since the start of the recession. The losses began here – in January of 2008, one full year before President Obama took office (Point 1). In February 2008, the Joint Economic Committee issued a report in which we solemnly warned that the economy was on the brink (Point 2). This is September 2008, when the Republican candidate for President declared he thought that the fundamentals of our economy were sound, just before job losses accelerated (Point 3). Here is January of 2009 when President Obama took office, and things began to change (Point 4). Last month, for the first time in two years, job losses appear to have stabilized (Point 5). While one month does not constitute a trend, one election seems to have made quite a difference."
JEC Chair Maloney on November Jobs Report
Washington D.C. – Congresswoman Carolyn B. Maloney, Chair of the Joint Economic Committee released the following statement on the Bureau of Labor Statistics November jobs report showing that employment was essentially unchanged and the unemployment rate edged down to 10.0 percent in November:
Maloney: NYS Unemployment Rate has Stabilized
New York, NY – Congresswoman Carolyn B. Maloney (D-NY), Chair of the Joint Economic Committee, issued the following statement regarding the New York State Labor Department’s September 2009 state employment data. The data showed that New York State’s unemployment rate remained at 8.9 percent in September.
