The unemployment rate in March 2010 was 9.7 percent, unchanged from the previous month. In January, CBO projected a slow rebound in employment, with the rate remaining around 10 percent for the first half of 2010, falling below 8 percent only in 2012, and returning to near its long-run sustainable level of 5 percent only in 2014.
The 111th Congress has passed several pieces of legislation aimed at increasing employment, and several more pieces are currently under consideration. We have collected some of CBO's work on employment-related issues. You can find economic forecasts, cost estimates for proposed legislation, and analyses of policies that might affect employment, of the causes and consequences of unemployment, and of other issues concerning labor markets.
Economic Forecast
Recent Cost Estimates
- H.R. 2987, American Export Promotion and Job Creation Act
January 17, 2012
pdf
Cost estimate for the bill as introduced on September 21, 2011
- H.R. 3630, Middle Class Tax Relief and Job Creation Act of 2011
January 6, 2012
pdf
Cost estimate for the bill as passed by the House of Representatives, adjusted for the enactment of H.R. 3765, the Temporary Payroll Tax Cut Continuation Act of 2011
- H.R. 3630, Middle Class Tax Relief and Job Creation Act of 2011
December 9, 2011
pdf
Cost estimate for the bill as introduced on December 9, 2011
- S. 1769, Rebuild America Jobs Act
November 1, 2011
pdf
Cost estimate for the bill as introduced on October 31, 2011
- H.R. 2940, Access to Capital for Job Creators Act
October 31, 2011
pdf
Cost estimate for the bill as ordered reported by the House Committee on Financial Services on October 26, 2011
- H.R. 2072, Securing American Jobs Through Exports Act of 2011
August 1, 2011
pdf
Cost estimate for the bill as ordered reported by the House Committee on Financial Services on June 22, 2011
- H.R. 2587, Protecting Jobs From Government Interference Act
July 25, 2011
pdf
Cost estimate for the bill as ordered reported by the House Committee on Education and the Workforce on July 21, 2011
- H.R. 2465, Federal Workers' Compensation Modernization and Improvement Act
July 22, 2011
pdf
Cost estimate for the bill as ordered reported by the House Committee on Education and the Workforce on July 13, 2011
- H.R. 1082, Small Business Capital Access and Job Preservation Act
July 8, 2011
pdf
Cost estimate for the bill as ordered reported by the House Committee on Financial Services on june 22, 2011
- S. 951, Hiring Heroes Act of 2011
July 7, 2011
pdf
Cost estimate for the bill as ordered reported by the Senate Committee on Veterans' Affairs on June 29, 2011
- H.R. 1425, Creating Jobs Through Small Business Innovation Act of 2011
June 2, 2011
pdf
Cost estimate for the bill as ordered reported by the House Committee on Small Business on May 11, 2011
- H.R. 1745, Jobs, Opportunity, Benefits, and Services Act of 2011
May 23, 2011
pdf
Cost estimate for the bill as ordered reported by the House Committee on Ways and Means on May 11, 2011
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Policies that Might Affect Employment
More analyses of policies that might affect employment >
Causes and Consequences of Unemployment
More analyses of labor market issues >
Related Labor Market Issues
More analyses of labor market issues >
External Resources
Joint Committee on Taxation
U.S. Bureau of Labor Statistics
Background Material
Glossary of Budgetary and Economic Terms
Latest Economic Projections
CBO's Analyses of Economic Stimulus
CBO's Analyses of Labor Market Issues
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