The August 2023 employment update was made public, revealing that job opportunities in the United States remained steady at 8.8 million during August, showing no change from the previous month. Both job vacancies and resignations have decreased from their peak levels, while the unemployment rate, standing at 3.8% in August, remains close to a historic low point spanning nearly half a century.

The House Committee on Small Business held a hearing titled, “Oversight Over the SBA’s Office of Entrepreneurial Development” on Wednesday October 4, 2023.


Bills of Interest

Rep. Blaine Luetkemeyer (R-MO-3) introduced a bill to prohibit the administrator of the Small Business Administration from directly making loans under the 7(a) loan program.

Rep. Donald Norcross (D-NJ-1) introduced a bill to amend the Workforce Innovation and Opportunity Act to provide training services linked to employment demand through skills training grants.

Rep. Darin LaHood (R-IL-16) introduced a bill to extend reemployment services and eligibility assessments to all claimants for unemployment benefits. 

Rep. Dina Titus (D-NV-1) introduced a bill to amend the Internal Revenue Code of 1986 to postpone tax deadlines and reimburse paid late fees for United States nationals who are unlawfully or wrongfully detained or held hostage abroad. Rep. Gregory Steube (R-FL-17) introduced a bill to provide tax relief with respect to certain Federal disasters.