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Democratic News

From Chairman
Don Beyer
U.S. Congressman (D-VA)
October 3, 2022
States that Most Restrict Access to Abortion Have Worse Economic Conditions...
JEC analysis finds lower women’s earnings, higher child poverty rates in states with more restrictive abortion laws.
September 28, 2022
JEC Analysis Finds Opioid Epidemic Cost U.S. Nearly $1.5 Trillion in 2020
Pandemic disruptions contributed to increased opioid use, highest-ever number of opioid fatalities
September 15, 2022
Joint Economic Committee, Congressional Hispanic Caucus Release New Report ...
Wealth of data show Hispanics make outsized contributions to U.S. economy but are excluded from full economic participation.
September 2, 2022
JEC Chairman Beyer on August Jobs Report
Today, Congressman Don Beyer (D-VA), Chairman 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 315,000 in August, la...

Republican News

From Ranking Member
Mike Lee
U.S. Senator (R-UT)
September 27, 2022
The Economics of Price Controls
Inflation has grown rapidly over the last year and reached a 41-year high of 9.1 percent in June 2022. In response, some policymakers have proposed implementing price controls (in particular, price ceilings) to reduce the cost of inflation for consum...
September 13, 2022
State Inflation Tracker: August 2022
Americans are facing the highest inflation rates in decades, making it harder for them to afford everyday goods and more expensive to raise their families. Each month coinciding with the Bureau of Labor Statistics’ release of the Consumer Price Index...
August 11, 2022
New Research Confirms Importance of Social Capital and Two-Parent Families ...
New research from Opportunity Insights shows the importance of social capital for economic mobility. Specifically, “economic connectedness” is strongly associated with upward income mobility for people with lower income.
August 10, 2022
State Inflation Tracker: July 2022
Americans are facing the highest inflation rates in decades, making it harder for them to afford everyday goods and more expensive to raise their families. Each month coinciding with the Bureau of Labor Statistics’ release of the Consumer Price Index...

State Unemployment Data

Latest Economic Data

Total nonfarm payroll employment increased by 315,000 in August, and the unemployment rate rose to 3.7 percent, the U.S. Bureau of Labor Statistics reported today.
Real gross domestic product (GDP) decreased at an annual rate of 0.6 percent in the second quarter of 2022, following a decrease of 1.6 percent in the first quarter.
The latest data released by the Department of Labor show that the four-week moving average for unemployment claims fell to the lowest level since 1970. The number of new filings for unemployment insurance benefits was 244,000 for the week ending July 9. The four-week moving average, which smooths week-to-week volatility in the data, is 235,750, down 72% since President Biden took office.