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

Democratic News

June 18, 2024
JEC Chairman Heinrich Releases Response to the Economic Report of the President
Today, Senator Martin Heinrich (D-NM), Chairman of the U.S. Congress Joint Economic Committee (JEC), announced the release of the annual response to the Economic Report of the President. The JEC is required by law to submit findings and recommendatio...
Vice Chairman
David Schweikert
U.S. Congressman (R-AZ)

APPLY FOR AN INTERNSHIP

AT THE JOINT ECONOMIC COMMITTEE OFFICE

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 1.3 percent in the first quarter of 2024, according to the "second" 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.