Hoyer Statement on October Jobs Report

WASHINGTON, DC - Congressman Steny H. Hoyer (MD-05) released the following statement today on the October jobs report:

"Today's jobs report continues the record breaking streak of job growth since President Biden and Vice President Harris took office. With jobs added in every month, 16.1 million more Americans are working today than in January of 2021. In a single term, more jobs than have been added under this administration than any other in American history. Additionally, unemployment remains near its lowest point in half a century while wages continue to rise as inflation comes down. Earlier this week, we also learned that the U.S. economy grew at an annual rate of 2.8% last quarter. So much for Republicans' years-long doomsaying about an imminent recession.

"Four years ago, America was struggling through perhaps the greatest economic and public health catastrophe in generations. Our economy had hemorrhaged millions of jobs, including 243,000 lost in December of 2020, the last full month of the prior administration. Small businesses were going under on every corner in America. Thousands of Americans were dying every day, and tens of millions of others were struggling to make ends meet. The prior administration's mismanaged response made a terrible situation even worse.

"Four years later, our economy has made a historic recovery and avoided a devastating recession. Today, our ability to bounce back is the envy of the world. That is no accident. It didn't happen on its own. Our economy isn't perfect, but it is far better off than it would have been without Democrats' transformative Investing in America Agenda. Because of the actions we took, the American economy is stronger and more fair. It will remain so if we continue Investing in America and putting People Over Politics."