Hoyer Statement on November Jobs Report

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

“The November jobs report released this morning shows the strength of the United States economy thanks to Democrats' Investing in America agenda under President Biden. With another 199,000 jobs added last month, we have now seen 35 consecutive months of job growth totaling a historic 14.25 million new jobs since President Biden took office in January 2021. With unemployment dropping again to 3.7% and real GDP growing at a robust 5.2% annual rate last quarter, our economy continues to be resilient and growing under President Biden’s deft leadership.

“Going into the last month of the year, we ought to reflect on the promising economic trends we’ve seen this past year. Inflation was cut in half, real wages are up, the economy grew, and job gains continue at a historic clip. We also ought to mark the progress Democrats have made to implement the Investing in America agenda – an effort I have been proud to support as Chair of the Regional Leadership Council. Under the Biden-Harris Administration, private companies have invested $628 billion in manufacturing, Americans have submitted 14.6 million applications to start new businesses, and 40,000 infrastructure projects are already underway in 4,500 communities across America thanks to the Bipartisan Infrastructure Law.

"Democrats, along with the Biden-Harris administration, will finish the year strong and continue to Invest in America by growing our economy from the middle out and the bottom up. Together, we’re ensuring that all Americans can access the opportunities they need to Make It In America in 2024 and beyond.”