-
10/03/2008
From Wall Street to Main Street: Understanding How the Credit Crisis Affects You
The Joint Economic Committee produced the report, “From Wall Street to Main Street: Understanding How the Credit Crisis Affects You,” to use as an informational tool. It provides a common sense explanation of the current credit crisis and how it affects hard working Americans.
-
10/03/2008
Sen. Schumer Reaction To The September Jobs Report
Washington, D.C. – Today the Bureau of Labor Statistics (BLS) released its monthly jobs report for September. Sen. Charles E. Schumer, Chairman of the Joint Economic Committee, released the following statement in reaction to the report and the persistently bad news about this economy:
“These latest unemployment numbers are simply stunning. 159,000 lost jobs is a huge number. What kind of wakeup call does it take for this Administration to try to recognize that we need a real stimulus plan to jump start our economy? This is just another reminder of the damage done to American families by eight years of economic mismanagement and deregulatory zeal. The problems of Wall Street have now hit Main Street with full force. While I am hopeful that the Administration’s current plan will keep the credit crisis from becoming a credit catastrophe, we still have a great deal of work ahead of us to restore the health of the American economy.” – Sen. Schumer
-
10/03/2008
The Employment Situation: September 2008
U.S. Senator Charles E. Schumer and Representative Carolyn B. Maloney, Chairman and Vice-Chair of the Joint Economic Committee (JEC) respectively, will hold a hearing on the newly released Bureau of Labor Statistics’ (BLS) monthly employment figures with Commissioner Keith Hall on Friday, October 3, 2008 at 9:30 am in the Dirksen Senate Office Building, Room 106. Rep. Maloney will preside over the hearing, entitled “The Employment Situation: September 2008.” In the wake of eight straight months of job losses through August, Dr. Hall will assess the recent developments in the labor market.
-
09/25/2008
Leave No Family Behind: How Can We Reduce the Rising Number of American Families Living in Poverty?
U.S. Senator Charles E. Schumer and Representative Carolyn B. Maloney, Chairman and Vice Chair respectively of the Joint Economic Committee (JEC), held a hearing on poverty in the United States on Thursday, September 25, 2008 at 10:00 am in Room 562 of the Dirksen Senate Office Building. The JEC hearing entitled, “Leave No Family Behind: How Can We Reduce the Rising Number of American Families Living in Poverty?”, featured Mayor David N. Cicilline and poverty experts who examined whether the outdated federal poverty measurements are preventing resources from reaching families and elderly Americans and what legislation may be appropriate to drastically reduce the number of U.S. families living in poverty. Since 2000, the number of Americans living in poverty jumped by 5.7 million to 37.3 million; and the poverty rate rose to 12.5 percent in 2007.
Joint Economic Committee
