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Democratic News

From Chairman
Don Beyer
U.S. Congressman (D-VA)
January 27, 2022
JEC Chairman Beyer on today’s GDP release: “Higher-than-expected fourth qua...
Today, Congressman Don Beyer (D-VA), Chairman of the U.S. Congress Joint Economic Committee (JEC), released the following statement after the Bureau of Economic Analysis (BEA) reported its initial estimate of gross domestic product (GDP) growth of 5....
January 26, 2022
JEC Chairman Beyer, Sen. Warnock, E&C Chairman Pallone, Rep. Bourdeaux High...
Today, JEC Chairman Don Beyer (D-VA), Senator Reverend Raphael Warnock (D-GA), House Energy and Commerce Committee Chairman Frank Pallone, Jr. (D-NJ) and Congresswoman Carolyn Bourdeaux (D-GA) highlighted the critical need to address the Medicaid cov...
January 14, 2022
JEC Chair Beyer Applauds Fed Board Nominations of Sarah Bloom Raskin, Lisa ...
Today, Congressman Don Beyer (D-VA), Chairman of the U.S. Congress Joint Economic Committee (JEC), released the following statement after President Joe Biden announced new nominations to the Board of Governors of the Federal Reserve.
January 12, 2022
JEC Chairman Beyer on December CPI Data
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 reported the December Consumer Price Index rose 0.5 percent on a seasonally adjus...

Republican News

From Ranking Member
Mike Lee
U.S. Senator (R-UT)
January 27, 2022
Ranking Member Mike Lee on Fourth Quarter GDP Report
WASHINGTON—Sen. Mike Lee (R-UT), Ranking Member of the Joint Economic Committee, released the following statement today on the fourth quarter GDP report issued by the U.S. Department of Commerce:
January 7, 2022
Ranking Member Mike Lee on December Jobs Report
WASHINGTON—Sen. Mike Lee (R-UT), Ranking Member of the Joint Economic Committee, made the following statement on this morning’s jobs report issued by the U.S. Department of Labor:
December 17, 2021
State Employment Reports Update
To help track state-level changes, Joint Economic Committee Republicans generate monthly summary reports for every state, based on BLS data. Each state report compiles survey data on payroll jobs and payroll changes by sector, as well as household su...
December 16, 2021
How to Fix Broken Supply Chains and Lower Inflation
American consumers and producers have faced nearly a year of sustained inflation that continues to accelerate. The overall inflation rate in November was 6.8 percent, its highest level in nearly 40 years. High inflation has been caused by elevated c...

State Unemployment Data

Latest Economic Data

Total nonfarm payroll employment rose by 199,000 in December, and the unemployment rate declined to 3.9 percent, the U.S. Bureau of Labor Statistics reported today.
Real gross domestic product (GDP) increased at an annual rate of 6.9 percent in the fourth quarter of 2021, following an increase of 2.3 percent in the third quarter.
The latest data released by the Department of Labor show that after dropping to a 50-year low, new unemployment claims remain near pre-pandemic levels with 260,000 claims filed the week ending January 22. The four-week moving average, which smooths week-to-week volatility in the data, is now 247,000, close to pre-pandemic levels and down 71% since President Biden took office.