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Representative David Schweikert - Vice Chairman

News Releases

March 2024 CPI and Real Earnings Report

March 2024 Employment Situation Staff Commentary

February 2024 CPI and Real Earnings Report

Headline CPI-U inflation increased 0.44 percent m/m. • The food price index increased 0.02 percent m/m. • The energy index increased 2.3 percent m/m. Core CPI-U inflation increased 0.36 percent m/m. • Core inflation excludes food and energy prices, which tend to be more volatile. Real average w...

January 2024 PCE Report

Headline personal income increased by 1.0 percent m/m ($233.7B). Real disposable personal income (DPI) per capita fell by 0.05 percent m/m. That means prices rose faster than after-tax income. Real personal consumption expenditures (PCE) fell by 0.11 percent m/m ($-17.7B). Headline PCE price inde...

The Social Costs of Obesity

A critical element of stabilizing the debt-to-GDP ratio is reducing the primary deficit (see Chapter 2). This in turn requires decreasing mandatory spending, which accounts for almost two-thirds of annual Federal expenditures.

January 2024 CPI Report

Headline CPI-U inflation increased 0.3 percent m/m. The food price index increased 0.4 percent m/m. The energy index decreased 0.9 percent m/m. Core CPI-U inflation increased 0.4 percent m/m. Real average weekly earnings for all employees decreased by 0.3 percent m/m. Real average weekly earnin...

January 2024 Employment Situation Staff Commentary

Nonfarm payroll employment increased by 353K. Private sector payroll employment increased by 317K. Government payroll employment increased by 36K. The headline unemployment rate (U-3) remained unchanged at 3.7 percent. The broadest measure of unemployment (U-6, which combines underemployment wit...

PCE Inflation December 2023

Core Statistics Real GDP grew at an annualized rate of 3.3 percent in Q4 2023. The largest contributors to the GDP growth were consumer spending (1.91 percent), government spending (0.56 percent), and net exports (0.43 percent). In 2023, real GDP grew 2.5 percent, increasing from 1.9 percen...

Treasury Auction Results

Treasury auction results provide insights into investor sentiment, prevailing market interest rates, and the government’s fiscal standing. Updated weekly.

December 2023 Employment Situation Staff Commentary

Nonfarm payroll employment increased by 216K. Private sector payroll employment increased by 164K. Government payroll employment increased by 52K. The headline unemployment rate (U-3) remained unchanged at 3.7 percent. The broadest measure of unemployment (U-6) increased by 0.1 percentage poin...