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Representative David Schweikert - Vice Chairman

Press Releases

The Latest

Newsroom (Republican)

April 2024 Employment Situation Staff Commentary

Newsroom (Republican)

March 2024 PCE Report

Newsroom (Republican)

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.

Newsroom (Republican)

March 2024 CPI and Real Earnings Report

Newsroom (Republican)

March 2024 Employment Situation Staff Commentary

Newsroom (Republican)

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...

Newsroom (Republican)

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.

Newsroom (Republican)

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...

Newsroom (Republican)

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.

Newsroom (Republican)

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...