Recent Economic & Committee News
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Hearing Announcement: "Reducing Unnecessary and Costly Red Tape through Smarter Regulations"
Jun 19 2013
A hearing before the Joint Economic Committee will be held on Wednesday, June 26, 2013, at 10:00 a.m. in room G-50 of the Dirksen Senate Office Building.
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Weekly Economic Update: June 10-14, 2013
Jun 17 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; the core PPI rose 0.1%. The U.S. current account deficit widened $3.8 billion (3.7%) to a lower-than-expected $106.1 billion in the 1st quarter of 2013. Initial jobless claims fell 12,000 to 334,000 for the week ended 6/8.
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Economy Adds 175,000 Nonfarm Payroll Jobs in May, Unemployment Rate Ticks Up to 7.6%
Jun 11 2013
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%.
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Weekly Economic Update: May 27-31, 2013
Jun 03 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 claims rose 10,000 to 354,000 for the week ended 5/25.
