The Good, the Bad, and the Ugly Employment Report
Rep. Kevin Brady (R-TX), Chairman of the Joint Economic Committee, reacted to today’s report from the Bureau of Labor Statistics that the economy added 175,000 nonfarm payroll jobs, 178,000 thousand private sector jobs, and that the unemployment rate rose to 7.6% during May.
OP-ED: Fix growth gap, create prosperity
As the federal government once again approaches the upper limit on its legal authority to borrow more money, Congress must carefully consider its options.
Hearing Announcement: Building Job Opportunities for Veteran...
Hearing has been postponed. Will provided addtional information when available.
Weekly Economic Update: June 10-14, 2013
The U.S. Treasury reported a higher-than-expected monthly deficit of $138.7 billion in May. Retail sales increased 0.6% in May. Business inventories rose 0.3% in April. Industrial production was unchanged in May after declining 0.4% in April. The topline producer price index increased 0.5% in May; t...
Economy Adds 175,000 Nonfarm Payroll Jobs in May, Unemployme...
The Bureau of Labor Statistics (BLS) reported that nonfarm payroll employment increased by a seasonally adjusted 175,000 during May. Private sector payrolls added 178,000 payroll jobs. The unemployment rate ticked up 0.1 percentage point to 7.6%.
Weekly Economic Update: May 27-31, 2013
The Case-Shiller home price index increased 1.1% in March, up 10.9% from March 2012. First quarter GDP was revised downward to 2.4% from a previously reported 2.5%. Pending home sales increased 0.3% in April. Personal income remained unchanged in April as personal spending fell 0.2%. Initial jobless...
North American Energy—Closing the Growth & Jobs Gap
Advanced drilling methods are increasing output and employment, generating economic benefits on multiple fronts. The increased demand for workers based on increased productivity and the surge of capital investment in the oil and natural gas industry provide real inducements for economic growth in s...
How Tax Distribution Tables Mislead
As policymakers in Washington move forward on tax reform, demonstrating the effects that proposed changes in tax policy may have on individual taxpayers is tricky and always less than comprehensive. At best, tax distribution tables are incomplete because they lack a full description of their analyti...
JEC response to the 2012 Economic Report of the President
The Joint Economic Committee filed its annual report responding to the 2012 Economic Report of the President.
