U.S. Rep. Marie Newman (D-IL) and Joint Economic Committee (JEC) Chairman Don Beyer (D-VA) released this week the first-ever Worker’s Economy Report, which seeks to provide insight on the nation’s post-pandemic economy.
Newman and Beyer presented the analysis, which will be released quarterly, outlining how the American Rescue Plan’s passage, accompanied with the Biden administration’s national vaccination campaign, has created jobs, increased entrepreneurship, and reduced unemployment nationwide.
“As our nation continues to recover from the coronavirus recession and the uncertainty of the Delta variant, our families, workers, and communities need to know the latest impact of the pandemic and how our economy is performing,” she said. “Building a 21st-century economy that works for all Americans starts by ensuring we invest in our workers, the backbone of this nation.”
Since January, the nation has recovered more than four million jobs, and last week’s latest jobs announcement showed the nation added 943,000 jobs in July, according to the report.
Beyer said advancing an economy benefiting all Americans starts with understanding how the economy is performing up and down the income ladder.
“It’s why I’m pleased to be partnering with my colleague, Congresswoman Newman, to produce the quarterly Workers Economy Report, which highlights the indicators that matter most to our constituents,” he said. “As our nation recovers from the largest economic shock since the Great Depression, we can see from this snapshot how evidence-based investments in workers, communities and state and local governments, like those in the American Rescue Plan, are key to growing the economy, creating jobs, and supporting small businesses.”
Beyer said he looks forward to providing the Worker’s Economy Report as a resource demonstrating the efforts of Congress and the Biden Administration to build a future of shared prosperity.