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WEEKLY ECONOMIC UPDATE

October 15 – October 19

CHART OF THE WEEK

Record-Shattering Low Unemployment 

As of September 2018, the overall U.S. unemployment rate was the lowest since December 1969. Several groups within the workforce also experienced the lowest unemployment rates ever recorded in the last half-century, including disabled men, black men, Hispanics, Hispanic women, women, and married women.*

LAST WEEK

JEC Releases

CBO Blows Away Democrats' Biggest Tax Reform Myths

News & Commentary

America’s Economy Isn’t Overheating (Wall Street Journal)

Low-Income Workers See Long-Awaited Wage Gains (Wall Street Journal)

U.S. inflation slows in September (Reuters)

China’s Economy Isn’t What It’s Cracked Up to Be (DailySignal)

A Nobel Economics Prize for the Long Run: Americans Paul Romer and William Nordhaus study growth and how to sustain it. (Wall Street Journal)