Chairman Yarmuth on November Jobs Report

  • Since the Biden administration took office, 6 million jobs have been created, an average of 588,000 jobs per month. This is a record for a new president.
  • The unemployment rate decreased to 4.2 percent in November.
  • Much of the job growth this month was driven by an increase of 90,000 jobs in business and professional services, 31,000 in construction and 23,000 in leisure and hospitality.
  • Nominal wages continue to rise
  • Initial unemployment claims have almost fallen to pre-2020 levels
  • Unemployment continues to fall and is now at 4.2 percent
  • GDP growth is on track to return to pre-pandemic projections
  • Consumer spending is fueling the recovery

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Fighting for budget priorities that reflect the values of families across the country.

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House Budget Committee Majority

House Budget Committee Majority

Fighting for budget priorities that reflect the values of families across the country.

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