WASHINGTON – Today, Secretary of the Treasury Janet L. Yellen met with AFL-CIO President Liz Shuler and Policy Director Damon Silvers about the strength of the U.S. labor market and how President Biden’s economic agenda will bolster the creation of good-paying jobs and further promote American manufacturing.
Secretary Yellen noted that the U.S. economy has added 3.8 million jobs in the first nine months of this year—the second strongest year-to-date gain in over 75 years, following on last year’s record job growth. Despite global economic headwinds, particularly Russia’s illegal invasion of Ukraine, the U.S. labor market has proven remarkably resilient.
Secretary Yellen also highlighted Treasury’s ongoing work to implement the historic climate and clean energy tax incentives in the Inflation Reduction Act, including the Act’s prevailing wage and apprenticeship provisions, which will help create new opportunities for workers and build a clean energy economy.
###
WASHINGTON—The Office of the Comptroller of the Currency (OCC) today released enforcement actions taken against…
As Prepared for Delivery Good afternoon. It’s an honor to welcome President Clinton to Treasury today…
WASHINGTON – Today, as part of the 30th anniversary celebration of the Community Development Financial…
Treasury imposes sanctions on dozens of Russian banks, securities registrars, and finance officials; OFAC issues…
WASHINGTON—Acting Comptroller Michael J. Hsu today testified on the state of the federal banking system…
As Prepared for Delivery Thank you very much for the opportunity to be here today, and…