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Today, Senator Martin Heinrich, (D-NM), Chairman-Designate of the U.S. Congress Joint Economic Committee (JEC), released the following statement after the Bureau of Labor Statistics reported that prices measure by the Consumer Price Index increased 0.4% in February 2023, compared with the 0.5% increase in January. Data also show that annual prices increased 6.0%, significantly below the peak of 9.1% in June 2022.
Washington, D.C.—Today, Senator Martin Heinrich (D-NM), Chairman-Designate of the U.S. Congress Joint Economic Committee (JEC), released the following statement after the failure of Silicon Valley Bank and subsequent actions taken by the Treasury Department, Federal Reserve, and Federal Deposit Insurance Corporation.
Today, Senator Martin Heinrich, (D-NM), Chairman-Designate of the U.S. Congress Joint Economic Committee (JEC), released the following statement after the Bureau of Labor Statistics (BLS) reported that nonfarm payroll employment increased by 311,000 in February and the unemployment rate edged up to 3.6%, though the increase was not statistically significant. The unemployment rate was 5.7% for Black workers, 5.3% for Hispanic workers, 3.4% for Asian workers, and 6.7% (not seasonally adjusted) for American Indian and Alaska Native workers.
Inflation data from the Bureau of Labor Statistics released today show that prices increased 0.5% in January 2023, compared with the 0.1% increase in December of last year. Data show that annual prices increased 6.4%, significantly below the peak of 9.1% in June 2022.
Today, Senator Martin Heinrich (D-NM), Chairman-Designate of the U.S. Congress Joint Economic Committee (JEC), released the following statement after the Bureau of Labor Statistics (BLS) reported that nonfarm payroll employment increased by 517,000 in January and the unemployment rate fell to 3.4%, the lowest rate since May 1969. The unemployment rate was 5.4% for Black workers, 4.5% for Hispanic workers, 2.8% for Asian workers, and 5.7% (not seasonally adjusted) for American Indian and Alaska Native workers. Today’s data also show that the U.S. added over 4.8 million jobs in 2022, 311,000 more than were previously estimated.