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From Chairman
Martin Heinrich
U.S. Senator (D-NM)

Democratic News

October 10, 2024
JEC Chairman Heinrich: Inflation Data is “Further Proof That the Fed Should Continue Cutting Interest Rates”
“We are starting to turn the corner on inflation. We’re seeing the cost of energy fall, and in nearly every state, wages are outpacing inflation. Today’s release is further proof that the Fed should continue cutting interest rates given our economic ...
Vice Chairman
David Schweikert
U.S. Congressman (R-AZ)

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State Unemployment Data

Latest Economic Data

Total nonfarm payroll employment increased by 187,000 in August, and the unemployment rate rose to 3.8 percent, the U.S. Bureau of Labor Statistics reported today.
Real gross domestic product (GDP) increased at an annual rate of 3.0 percent in the second quarter of 2024, according to the "third" estimate.
The latest data released by the Department of Labor show that the number of initial unemployment claims fell to 192,000 for the week ending March 11, down 20,000 from the prior week. The four-week moving average, which smooths week-to-week volatility in the data, is 196,500, down 76% since President Biden took office.