Hoyer Warns Members of Slowing Economy
The latest jobs report continues to reflect an economy struggling with current trade wars. The slower wage growth is impacting millions of American workers and their families, according to Rep. Steny H. Hoyer who has begun sending weekly economic reports to members as concern with a slowing economy grows. Some of his points on the heels of the release of the October jobs report are here.
Hoyer: Job Growth Under-Performs Expectations
The US Department of Labor issued its August 2019 jobs report. The 129,000 private-sector jobs added in August under-performed expectations, Rep. Steny H. Hoyer said.
Hoyer on Jobs Report: Wage Growth Falls Short
The US economy gained 224,00 jobs in June, and the unemployment rate rose slightly from 3.6 to 3.7 percent, according to the Bureau of Labor Statistics’ June 2019 jobs report.
Hoyer: Slow Jobs, Wage Growth Threatens Economic Expansion
The US Bureau of Labor Statistics recently released its May 2019 jobs report. Job growth slowed and the unemployment rate remained at 3.6 percent.
Hoyer Concerned by Slow Pace of Job Growth
Hiring slowed in February 2019 and the unemployment rate fell to 3.8 percent from 4 percent the month before, according to the US Bureau of Labor Statistics latest jobs report.
Hoyer: Dec. ’18 Jobs Report Encouraging
The US Bureau of Labor Statistics’ latest jobs report shows that payroll employment increased by 312,000 in December 2018, and the unemployment
rate rose to 3.9 percent.
Hoyer: Jobs Report Weaker Than Expected
While the November 2018 jobs report is reflective of a resilient economy, it was weaker than expected, driven in part by uncertainty due to trade, says Congressman Steny H. Hoyer.
September Report Shows Job Gains
The September 2018 jobs reports shows the unemployment rate declined to 3.7 percent and the economy added 134,000 jobs.
Hoyer: Challenges Continue to Plague Economy
Congressman Steny H. Hoyer says there is good and bad news in the August 2018 jobs report — 95 consecutive months of positive job growth, yet “our economy continues to be plagued with deep structural challenges, the result of which are stagnant wages, uncertainty for small businesses, looming debt, and a generation of American workers unable to get ahead.”
Hoyer: Slow Job Growth Not Acceptable
After President Obama left a trend of gaining economic strength when he left office, current policies have led to slowing job growth, says House Democratic Whip Steny H. Hoyer after the release of the Department of Labor’s jobs report for April 2018.
