PCE Up 2.80% from Last Year, Personal Income Down 0.07% in February
The Joint Economic Committee released its Monthly Expenditures Update for February, finding spending slowed and savings and income decreased. From January to February, headline personal consumption expenditures (PCE) price index inflation was 0.38 percent. Core PCE price index inflation, which exclu...
January State Unemployment Remained Unchanged in 20 States, Decreased in 9, Increased in 22
In January, among the 50 states and the District of Columbia unemployment fell in 9, rose in 22, and remained unchanged in 20. The highest unemployment rate was 6.7 percent in District of Columbia, and the lowest was 2.2 percent in Hawaii and South Dakota.
National Debt Reaches $38.98 Trillion, Increased $2.77 Trillion Year over Year, Increased $10.90 Trillion in Five Years
As of April 3, 2026, total gross national debt is $38.98 trillion. Relative to one year ago, total gross national debt is $2.77 trillion higher; relative to five years ago, it is $10.90 trillion higher. Over the past year, the rate of increase averaged $7.58 billion per day, $315.67 million per hour...
178K Jobs Added in March, Beating Expectations
In March, 178,000 jobs were added (186K private sector, -8K government) after a weak showing in February. The unemployment rate ticked down slightly from 4.4 percent to 4.3 percent while the labor force participation rate dropped again by 0.1 percentage points from 62 percent to 61.9 percent. The br...
Trade Gap Widens, Still Ends February 11 Percent Below 12-Month Average
The Joint Economic Committee released its analysis of the latest Monthly Trade Update based on information compiled from the Bureau of Economic Analysis, U.S. Census Bureau, Treasury Department, and the Bureau of Labor Statistics. The total trade deficit in February was $57.35 billion, up $2.67 bill...
ICYMI: JEC Holds Hearing on Protecting Americans from Foreign Fraudsters
On Wednesday, March 25, the Joint Economic Committee held a hearing entitled The Rising Global Scam Economy: Modernizing Federal Approaches to Protect Americans from Foreign Fraudsters. Led by Committee Chairman David Schweikert (R-AZ) and Ranking Member Maggie Hassan (D-NH), the hearing focused on ...
JEC holds Hearing on Labor Inflows to Support American Workers and Businesses to Maintain Global Competitiveness
On March 18, the Joint Economic Committee held a hearing entitled “Keeping Our Promises: Labor Inflows, Maintaining Competitiveness, and Supporting an Aging Population,” focused on labor flows as the nation faces an aging population, stagnant fertility rates, and the urgent need to rejuvenate the Am...
ADVISORY: Joint Economic Committee to Hold Bipartisan Hearing on Combating Scams
On Wednesday, March 25, the U.S. Congress Joint Economic Committee will hold a hearing, led by Committee Chairman David Schweikert (R-AZ) and Ranking Member Maggie Hassan (D-NH), focused on the threat posed by overseas scam compounds, coordination among federal agencies to fight scams, and the econo...
JEC to hold Hearing on Labor Inflows to Support American Workers and Businesses to Maintain Global Competitiveness
Wednesday, the Joint Economic Committee will hold a hearing entitled “Keeping Our Promises: Labor Inflows, Maintaining Competitiveness, and Supporting an Aging Population,” which will focus on labor flows as the nation faces an aging population, stagnant fertility rates, and the urgent need to rejuv...
Personal Income Up 0.43% in January, PCE Up 2.83% from Last Year
From December to January, headline personal consumption expenditures (PCE) price index inflation was 0.28 percent. Core PCE price index inflation, which excludes food and energy prices, was 0.36 percent. In the same period, both spending and savings increased. Real PCE increased by 0.10 percent, or ...