Ranking Member Velázquez on February Jobs Report
Summary
A statement dated March 8, 2024, from Rep. Nydia M. Velázquez (D-NY), Ranking Member of the House Small Business Committee, issued after the Labor Department released its February jobs report showing that nonfarm payroll employment increased by 275,000. The statement says that under President Biden the U.S. economy has created nearly 15 million jobs and that a record 16 million Americans have started small businesses. It credits legislation including the Bipartisan Infrastructure Law, the Inflation Reduction Act, and the CHIPS and Science Act. It also says Republicans have a different vision for the economy than the President’s.
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“Ranking Member Velázquez on February Jobs Report.”
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Ranking Member Velázquez on February Jobs Report Source(print): https://democrats-smallbusiness.house.gov/news/documentprint.aspx?DocumentID=4770 Ranking Member Velázquez on February Jobs Report democrats-smallbusiness.house.gov Cmte Small Business (D) Contact: Ranking Member Velázquez on February Jobs Report Washington , March 8, 2024 - Washington, D.C. – Today, Rep. Nydia M. Velázquez (D-NY), Ranking Member of the House Small Business Committee, issued the following statement after the Labor Department released its February jobs report showing that nonfarm payroll employment increased by 275,000: “Last night, President Biden detailed our country’s incredible economic progress under his leadership. The February jobs report adds further evidence to the strength of our economy and labor market. Under President Biden, the U.S. economy has created nearly 15 million jobs, unemployment remains near historic lows, and we are progressing in our fight against inflation. A record 16 million Americans have also started small businesses, and small firms have created jobs at record rates. “These outcomes were no accident. They resulted from landmark legislation like the Bipartisan Infrastructure Law, Inflation Reduction Act, and the CHIPS and Science Act that the President and Congressional Democrats fought so hard to pass. “President Biden also laid out a vision for the future where the middle class comes first, and the biggest corporations and the wealthy no longer get all the breaks. Republicans have the opposite vision and are working to support large corporations while cutting the critical programs that Americans rely on. I look forward to continuing to work with the President and my Democratic colleagues to advance an agenda that always puts working families first.” ###
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