Beyer Hails New U.S. Jobs Report Data

Friday, March 4 — U.S. Rep. Don Beyer, Chair of the U.S. Congress Joint Economic Committee, released the following statement after the Bureau of Labor Statistics (BLS) reported that nonfarm payroll employment increased by 678,000 in February and the unemployment rate declined to 3.8%. The unemployment rate was 6.6% for Black workers, 4.4% for Hispanic workers, 3.1% for Asian workers and 7.4% (not seasonally adjusted) for American Indian and Alaska Native workers. 

“During his first year in office, President Biden oversaw most jobs created in a single year, and surging job growth continued into February 2022. With 678,000 more jobs added—exceeding all expectations—the total number of jobs created under the current administration now stands at 7.4 million.  

“Not only has job growth blown all expectations out of the water, but GDP growth is the strongest it’s been in nearly 40 years, and it’s outpacing every other major economy. Wages are rising—particularly among low-income workers—and unemployment is falling rapidly. It took nine years after the Great Recession for unemployment to recover as much as it has in just two years post-coronavirus recession. 

“The speed and strength of this recovery reflects strong leadership and investments in families, workers and small businesses to address the pandemic and get our economy roaring again. 

“Yet even as today’s data continue to show robust progress, global price spikes are straining household budgets and depriving workers of the full benefits of wage gains. President Biden announced the path forward to Building a Better America, and the most effective tools at Congress’ disposal to reduce inflationary pressure and promote broadly shared growth are investments that lower household costs for families and boost productivity. 

“Workers and families have made it through an unprecedented economic challenge. We in Congress must answer this call.” 

Recent News

Facebook
Twitter
LinkedIn
On Key

Stories that may interest you

Our Man In Arlington 6-19-2025

What’s the tallest building in Arlington?  And where is it located? That second question is likely the easier one to answer. The tallest building is in Rosslyn, with a host

A Penny for Your Thoughts 6-19-2025

A Minnesota legislator and her husband murdered in their home. Another legislator and his wife shot multiple times.  A United States Senator wrestled to the floor and handcuffed in a

We Are Here To Help

If this Monday’s Falls Church City Council meeting is any indicator, then the best assessment of the current state of mind in government in the face of the dramatic shrinkage

Support Local News!

For Information on Advertising:

Legitimate news organizations need grass roots support like never before, and that includes your Falls Church News-Press. For more than 33 years, your News-Press has kept its readers informed and enlightened. We can’t continue without the support of our readers. This means YOU! Please step up in these challenging times to support the news source you are reading right now!