Recent Economic & Committee News

  • Weekly Economic Update: April 14-18, 2014

    Apr 22 2014

    Associated Image Retail sales increased 1.1% in March. Business inventories increased 0.4% in February. The consumer price index rose 0.2% in March while core CPI also increased 0.2%. Housing starts rose 2.8% in March to an annualized pace of 946,000 units. Building permits fell 2.4% in March to an annualized pace of 990,000 units. Industrial production increased 0.7% in March. Initial jobless claims rose 2,000 to 304,000 for the week ended 4/12.
  • Weekly Economic Update: April 7-11, 2014

    Apr 14 2014

    Associated Image Consumer credit increased $16.49 billion (0.5%) in February to $3.13 trillion. The U.S. Treasury budget deficit was $36.9 billion in March. The producer price index increased 0.5% in March. Initial jobless claims fell 32,000 to 300,000 for the week ended 4/5.
  • Hearing Announcement: "First Step to Cutting Red Tape: Better Analysis"

    Apr 10 2014

    Associated Image A hearing "The First Step to Cutting Red Tape: Better Analysis" will be held before the Joint Economic Committee on Wednesday, April 30, 2014, at 10:00 a.m. in room 216 of the Hart Senate Office Building.
  • Weekly Economic Update: March 31-April 4, 2014

    Apr 07 2014

    Associated Image Vehicle sales increased 6.9% in March to a higher-than-expected 16.40 million annual rate. The ISM index increased a half-point to 53.7 for March. Construction spending inched up 0.1% in February. Factory orders increased 1.6% in February. The U.S. trade deficit widened $3.2 billion to $42.3 billion in February. The ISM services index rose 1.5 point to 53.1 in March. The economy added 192,000 nonfarm payroll jobs in March while the unemployment rate remained unchanged at 6.7%. Initial jobless claims rose 16,000 to 326,000 for the week ended 3/29.
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