Hoyer Statement on August Jobs Report

WASHINGTON, DC – Congressman Steny H. Hoyer (MD-05) released the following statement today on the August Jobs Report:

“The August jobs report released this morning indicated the United States economy added another 187,000 jobs last month, further affirming the consistent strength of our job market and economy. The total number of jobs created since President Biden took office in January 2021 has reached a historic 13.5 million, and unemployment remains near its record low at 3.8%. Contrary to Republicans’ doomsaying, the slight uptick in unemployment in August was largely a product of a 0.2% increase in our labor force participation rate, meaning that more Americans are rejoining the workforce and looking for jobs. Additionally, wages continue to rise, costs continue to fall, and our economy continues to plow ahead.

“Democrats are building the economy from the middle out and the bottom up. Last Congress, we passed transformative legislation to support American families and to deliver on our promise to put People Over Politics. In the past month, we celebrated the one-year anniversary of three important pieces of the Investing in America agenda: the CHIPS and Science Act, the Sergeant First Class Heath Robinson Honoring our Promise to Address Comprehensive Toxics (PACT) Act, and the Inflation Reduction Act. All three pieces of legislation have already made significant investments in the American people in just the past year, and their impact will only continue to grow in the coming months and years.

“Indeed, our work did not end with these laws' enactment. It will continue until all Americans – no matter where they live – feel the positive impact of these policies. I am proud to play a leading role in that mission as Chair of the Regional Leadership Council and will keep fighting to implement our Investing in America agenda in every corner of the country.”