More on Joint Economic Committee (JEC)
JEC Chair Maloney statement on June jobs report
Congresswoman Carolyn B. Maloney, Chair of the Joint Economic Committee released the following statement after the U.S. economy shed 467,000 jobs in June and the unemployment rate rose to 9.5 percent: "The worst monthly job losses are likely behind us, but the labor market clearly remains weak. It will be a long road to recovery, but the stimulus investments getting underway across the country will create jobs and stem losses."- Congresswoman Carolyn Maloney (D-NY), Chair, Joint Economic Committee.
JEC Chair Maloney statement on Hispanic unemployment
Washington, D.C. - Today the Bureau of Labor Statistics (BLS) released its monthly jobs report for May. Congresswoman Carolyn B. Maloney, Chair of the Joint Economic Committee, released the following statement in reaction to the labor market conditions facing the Hispanic community: “The economy shed jobs at nearly half the pace of the past six months, which is an encouraging sign that the worst may be behind us. We are starting to see indications of economic progress as the recovery package begins to take hold across the country. But the rising unemployment rate in the Hispanic community is a sobering reminder that we still have a long way to go to put people back to work and help families regain economic security.”
JEC report reveals recession’s devastating impact on working mothers
Washington, D.C. – Congresswoman Carolyn B. Maloney, Chair of the Joint Economic Committee (JEC), and JEC Vice Chair Senator Charles E. Schumer, released a new report entitled, “Women in the Recession: Working Mothers Face High Rates of Unemployment.” The JEC report finds that the increases in unemployment during this recession have been especially steep for female heads of household – mothers who are solely responsible for maintaining their families’ economic security. Using unpublished and newly released data from the Bureau of Labor Statistics, the JEC report shows that, in particular, minority women have suffered some of the worst effects of the current recession. The JEC report reveals that families are relying more and more on women’s employment, but the trend of rising job losses among women will put an even greater strain on households struggling to make ends meet in this downturn.
REP. MALONEY REACTS TO NEW YORK JOBS REPORT
Washington, D.C. – Congresswoman Carolyn B. Maloney (D-NY), Chair of the Joint Economic Committee, issued the following statement regarding the New York State Labor Department’s March 2009 state employment data. The data showed that New York State’s private sector shed 33,000 jobs over the past month, making March the seventh straight month of job losses. The unemployment rate remained unchanged at 7.8 percent, however, the number of unemployed New Yorkers rose to 765,900, the highest level in nearly 17 years.
Rep. Maloney Statement on House Passage of Federal Budget
Washington, D.C. – Congresswoman Carolyn B. Maloney released the following statement on this year’s federal budget, which passed the House yesterday by a vote of 233 to 196. The Senate approved its version of the budget yesterday, as well; a conference committee to resolve difference between the two bills will be scheduled for later this month.
CHAIR MALONEY REACTS TO GRIM JOBS NUMBERS
Washington, D.C. - Today the Bureau of Labor Statistics (BLS) released its monthly jobs report for March. Congresswoman Carolyn B. Maloney, Chair of the Joint Economic Committee, released the following statement in reaction to the 663,000 jobs lost last month, 5.1 million since the start of the recession 15 months ago, bringing the unemployment rate to 8.5 percent: “Today’s unemployment numbers are grim, but they show the wisdom of Congress and the President’s agenda to rebuild our economy. Both the Recovery Act and budget, passed just last night, are targeted at getting Americans back to work and making strategic investments to grow our economy.” # # #
AIG REVEALS COUNTERPARTIES AFTER CHAIR MALONEY URGES FED TO RELEASE INFORMATION
Washington, D.C. - Today Congresswoman Carolyn B. Maloney, Chair of the Joint Economic Committee (JEC), released the following statement reacting to the release of AIG counterparty information. AIG’s filing comes after Congresswoman Maloney repeatedly urged the Federal Reserve to release the identities and amounts: “I’ve been asking for this information for months. This is a good first step, but I’m concerned by how long it took. Not knowing was not acceptable. Transparency about the counterparties is essential to having an informed debate and developing solutions to our current economic crisis, as well as to Congress’ ability to oversee the use of taxpayers’ money. This also demonstrates the necessity of H.R. 1242, the TARP
IN LETTER TO BERNANKE JEC CHAIR MALONEY RENEWS REQUEST FOR AIG TRANSPARENCY
Washington, D.C. – Today Congresswoman Carolyn B. Maloney, Chair of the Joint Economic Committee, sent the following letter to Federal Reserve Chairman Ben Bernanke. Chair Maloney is renewing her request for information pertaining to the Federal Reserve’s purchase of collateralize debt obligations and residential mortgage back securities from AIG. The letter, as sent to Chairman Bernanke, is below. The letter from noted economist and Nobel laureate Joseph Stiglitz, referenced below, is attached.
REP. MALONEY: MASS LAYOFFS, CREDIT FREEZE AND DECLINE IN SPENDING CONTRIBUTE TO 13TH MONTH OF DRAMATIC JOB LOSS
Washington, D.C. – Today the Bureau of Labor Statistics (BLS) released its monthly jobs report for January. Rep. Carolyn B. Maloney, Chair of the Joint Economic Committee, released the following statement in reaction to the report and the persistently bad news about the 13th straight month of job losses: “Today’s grim job loss numbers underscore the human toll of our economic crisis and add to the overwhelming evidence for getting a recovery package to the President’s desk fast. Even the bright spots are dim. The 3.6 million jobs erased since the recession started, including 598,000 last month, is why President Obama and Congressional Democrats are dedicated to acting in a bold and targeted way to revitalize the economy. We have a plan to create and save up to 4 million jobs while cutting taxes for middle class Americans. Democrats have tried to work with Republicans to find middle ground, but so far House Republicans seem intent on letting the economy slide off a cliff for political gain. Democrats must and will ensure that they don't take our country with them.” – Rep. Carolyn B. Maloney
4TH QUARTER GDP FALLS; REP. MALONEY CALLS FOR IMMEDIATE ACTION
Washington, D.C. – Statement of Congresswoman Carolyn B. Maloney, Chair of the Joint Economic Committee, responding to today’s announcement by the Bureau of Economic Analysis that GDP fell by 3.8 percent in the last quarter of 2008: “Today’s announcement that economic activity in the U.S. fell 3.8 percent last quarter confirms what Democrats have been saying for months – the economy is fundamentally unsound and it will only get worse unless a fiscal stimulus package is implemented immediately. The U.S. has not seen a quarterly decline in economic activity this large since 1982. Mass layoffs announced in January by big companies are foreshadowing a dismal first quarter this year. The American Recovery and Reinvestment Act, which passed the House of Representatives this week, makes critical investments in infrastructure and new technology, and provides tax rebates for middle class families who will spend the money quickly. Our plan will not only boost growth and job creation, but it will also help to restore confidence and put us on the road to economic revitalization.”
