Pelosi Statement on October Jobs Report

Statement

Speaker Nancy Pelosi issued the following statement on the October jobs report, which showed that the U.S. created 261,000 jobs last month:

"The October jobs numbers are the latest evidence that, under President Biden and the Democratic Congress, America continues to create jobs at a strong, steady, sustainable pace. Now, with more than 10 million new jobs -- including a record 700,000 new manufacturing jobs -- Americans continue to get back to work and our economy continues to grow.

"This progress has been made possible by Democrats' bold legislative action: weathering the pandemic with our Rescue Plan, rebuilding our nation with our Infrastructure Law, reinvigorating domestic manufacturing with our CHIPS and Science Law, and investing in our clean energy future with our Inflation Reduction Act. Shamefully, Republicans overwhelmingly voted against these laws -- even rooting for a recession.

"Democrats have enacted landmark laws to lower the cost of living: lowering prescription drug costs and cutting health care premiums, while gas prices have come down. House Democrats have gone further: passing the Consumer Fuel Price Gouging Prevention Act to take on corporate greed, the Lower Food & Fuel Costs Act to bring down prices at the pump and the supermarket, and historic investments in paid leave, Child Tax Credit, child care, home health care, universal pre-K and affordable housing. Making them law will be a top priority for a Democratic Majority the next Congress. In stark contrast, MAGA Republicans' extreme agenda would make inflation much worse: plotting to repeal lower prescription drug costs, give tax breaks to the ultra-rich and slash Social Security and Medicare.

"While Republicans want to send costs soaring and make working families pay the price, Democrats will always put People Over Politics: lower costs, better-paying jobs and safer communities for all."

Source