Neal Statement on August 2024 Jobs Report

SPRINGFIELD, MA—Ways and Means Committee Ranking Member Richard E. Neal (D-MA) released the following statement on the U.S. Bureau of Labor Statistics (BLS) August 2024 jobs report:

"Another solid month of job growth that lands us at 43 consecutive months of growth, with unemployment ticking down from last month. The fiscal policy led by the Biden-Harris Administration and Congressional Democrats powered historic results, and Federal Reserve Chair Powell was correct with his comments last month, the time has come for monetary policy to shift. Our momentum and progress are too great to risk higher costs and unemployment at the hands of stalled action.

“Our success is vetted with leading economists on Wall Street agreeing that the Democratic vision means higher economy growth, lower inflation, and a smaller budget deficit than if our Republican counterparts were in charge. It’s a simple contrast—the other side can’t string a sentence together on the American people’s biggest pain points while we’ve already passed legislation out of the Ways and Means Committee addressing more affordable child care and universal paid leave. Trump and the Republicans are out for themselves while we are fighting for workers and families and building the opportunity economy they deserve.”

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