Categories: U.S. Treasury

READOUT: Secretary of the Treasury Janet L. Yellen’s Meeting with AFL-CIO Leadership

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.

###

IR Press

Share
Published by
IR Press

Recent Posts

OCC Announces Enforcement Actions for November 2024

WASHINGTON—The Office of the Comptroller of the Currency (OCC) today released enforcement actions taken against…

4 days ago

Remarks by Secretary of the Treasury Janet L. Yellen on the 30th Anniversary of the Community Development Financial Institution Fund

As Prepared for Delivery Good afternoon. It’s an honor to welcome President Clinton to Treasury today…

4 days ago

Treasury Sanctions Gazprombank and Takes Additional Steps to Curtail Russia’s Use of the International Financial System

Treasury imposes sanctions on dozens of Russian banks, securities registrars, and finance officials; OFAC issues…

4 days ago

Acting Comptroller Testifies on State of the Federal Banking System

WASHINGTON—Acting Comptroller Michael J. Hsu today testified on the state of the federal banking system…

5 days ago

Remarks by Assistant Secretary for International Finance Brent Neiman on the U.S. Cross-Border Payments Agenda

As Prepared for Delivery Thank you very much for the opportunity to be here today, and…

6 days ago