Wealth of data show Hispanics make outsized contributions to U.S. economy but are excluded from full economic participation.
Sep 02 2022
JEC Chairman Beyer on August Jobs Report
Today, Congressman Don Beyer (D-VA), Chairman of the U.S. Congress Joint Economic Committee (JEC), released the following statement after the Bureau of Labor Statistics (BLS) reported that nonfarm payroll employment increased by 315,000 in August, labor force participation increased to 62.4%, and the unemployment rate increased to 3.7%.
Aug 23 2022
Politico: Financial Inclusion
A new report from the Joint Economic Committee finds nearly one in five U.S. adults are either unbanked or underbanked, and of the roughly 20 percent who lack access to a bank account or rely on alternative financial services, a disproportionate share are lower-income earners or people of color.
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Black and Hispanic Americans are more than twice as likely as white Americans to be unbanked or underbanked, meaning they either don’t have a bank account or mostly use things like check cashing services or payday lenders.
Banking and financial exclusion disproportionately impact marginalized communities
Congressman Don Beyer (D-VA), Chairman of the U.S. Congress Joint Economic Committee (JEC), released the following statement after the House passed the Inflation Reduction Act of 2022.
Aug 10 2022
JEC Chairman Beyer on July CPI Data
Congressman Don Beyer (D-VA), Chairman of the U.S. Congress Joint Economic Committee (JEC), released the following statement after the Bureau of Labor Statistics reported the July Consumer Price Index showed inflation was flat at 0.0% over the last month on a seasonally adjusted basis, down from an increase of 1.3% in June.
Aug 05 2022
JEC Chairman Beyer on July Jobs Report
Today, Congressman Don Beyer (D-VA), Chairman of the U.S. Congress Joint Economic Committee (JEC), released the following statement after the Bureau of Labor Statistics (BLS) reported that nonfarm payroll employment increased by 528,000 in July and the unemployment rate decreased to 3.5%.
