April 2024 Employment Situation Staff Commentary
March 2024 PCE Report
Vice Chairman Schweikert on First Quarter GDP Report
WASHINGTON, D.C. — Today, Joint Economic Committee Vice Chairman David Schweikert released the following statement after the Bureau of Economic Analysis GDP estimate for the first quarter of 2024 came in at 1.6%, slower than the 2.7% Atlanta Fed nowcast final estimate.
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...
February 2024 Employment Situation Staff Commentary
From January to February: • Nonfarm payroll employment increased by 275K. • Private sector payroll employment increased by 223K. • Government payroll employment increased by 52K. • The headline unemployment rate (U-3) increased by 0.2 percentage points to 3.9 percent.
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...
