Hoyer Statement on July Jobs Report

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

“The July jobs report released today shows the United States added another 187,000 jobs last month, another encouraging sign of steady job growth that reflects America's renewed economic strength. The total jobs created since President Biden took office in January 2021 has reached a historic 13.3 million, and unemployment remains near its record low at 3.5%. Additionally, last month’s Consumer Price Index found that inflation has now fallen for 12 months in a row. The Bureau of Economic Analysis also recently reported that America's real GDP increased at an annual rate of 2.4% in the second quarter of 2023 – blowing apart Republicans' spurious claims that America is in the grips of a recession.

“Bidenomics and Democrats' Investing in America agenda continue to fuel this historic economic growth. From helping create jobs to encouraging private investment to lowering costs for working families, the legislation we enacted in the 117th Congress is making our economy and our people more competitive. Thanks in part to these transformative policies, wages are rising faster than inflation, consumer costs are declining, inflation has fallen to a two-year low, and our national unemployment rate has remained below 4% for the longest stretch in more than half a century. More Americans are working today than at any point in our nation's history, and we will keep fighting to ensure these workers and families have the tools and opportunities they need to Make It In America.

“Our commitment to bolstering our economy and to delivering results for the American people stands in sharp contrast to the Republican House Majority's disarray and fiscal irresponsibility. As the Majority continues to divide and distract the American people, Democrats remain laser-focused on strengthening the middle class by growing the economy from the middle out and the bottom up.”