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by our Subcommittee on Economic Statistics Although the Economic Report made much use of available data it did not discuss the im portance to economic management of improving the various statis tical programs...different indus trial situations metalworking chemical electronics transportation communications and data processing and office work These indus tries were selected as illustrative of the kind of problems...efforts to improve the quality of these data and the need for additional data or improvements in techniques were examined in light of the committee s use of such data During the year the subcommittee aided...

Security beneficiary With modest reforms a modernizing of the regulatory landscape in healthcare and a data driven overhaul to root out waste fraud and abuse within the government we can partially offset these...excess medical expenditures by 2034 The Chapter provides an update to last year s findings with new data and examines the impact of the rise of anti obesity medications on trends in obesity Beyond the benefits...Congressional Budget Office Historical Data and Economic Projections Budget and Economic Data January 2025 https www cbo gov system files 2025 01 51134 2025 01 Historical Budget Data xlsx Congressional Budget Office...

Monetary Tools of the Fed Interest Rates and The Economy 10 The Mirage of Growth 12 Current Economic Data 12 The Effects of Easy Money 13 International Developments Technology and the Case for Price Stability...for the short term THE MIRAGE OF GROWTH The artificial nature of the current recovery can be seen in data concerning family incomes and jobs Even though the economy has been recovering standards of living...policies standards of living would be rising as they did between 1983 and 1989 In July 1995 as economic data began to point to weak economic conditions in the second quarter the Fed responded by lowering the...

percent Economic Context The latest ratio of job openings per unemployed person was 1 13 note this is data from August Economic Analysis See the JEC website for additional analysis of today s release Table...Difference Private Nonfarm Jobs Added thousands 223K 143K 80K Source Bureau of Labor Statistics Automatic Data Processing ADP National Employment Report JEC Republican Staff Note Difference is reported as an absolute...over month figures are seasonally adjusted Discrepancy from monthly figures due to rounding Upcoming Data Releases Date Time EDT Release Source Oct 04 3 00 PM Monthly Statement of the Public Debt U S Treasury...

Difference Private Nonfarm Jobs Added thousands 118K 99K 19K Source Bureau of Labor Statistics Automatic Data Processing ADP National Employment Report JEC Republican Staff Note Difference is reported as an absolute...percent Economic Context The latest ratio of job openings per unemployed person was 1 07 Note this data is from July Revisions In June job openings were revised down 274K hires were revised down 93K and...over month figures are seasonally adjusted Discrepancy from monthly figures due to rounding Upcoming Data Releases Date Time EDT Release Source Sep 06 3 00 PM Monthly Statement of the Public Debt U S Treasury...

insurance Hubbard said He explained the administration sees many downside risks in current economic data and in looking at how the economy has sometimes recovered from past recessions Bennett also reiterated...

calculated that average homeowners insurance premiums increased 44 from 2011 to 2021 and with novel data have provided state by state premium increases from 2020 to 2023 see table below Increasing insurance...and attempts to use risk pooling data and AI to better price risk JEC Chairman Heinrich introduced the Wildfire Insurance Coverage Study Act of 2024 to address these data needs and study wildfire risk insurance...scale data on wildfire risk would help identify potential losses and allow insurers to keep operating in regions with more climate risk A recent study showed that insurers that use more precise data on wildfire...

glance this challenges the hypothesis around the funding cliff and women s LFPR a closer look at the data by the JEC Dems finds a more nuanced conclusion Among all prime age women those whose youngest kid...basic monthly samples Note Three month rolling averages are used in absence of seasonally adjusted data Calculations are for civilians 3 U S Congress Joint Economic Committee December 2024 While this analysis...do so by providing important flexibility especially in absence of reliable or affordable child care Data show women with young children have a higher use of telework than women with older children Additionally...

The United States imports 60 of its fresh fruits and 38 of its fresh vegetables according to 2021 data with a majority of those imports coming from Mexico and 20 of 2 U S Congress Joint Economic Committee...Mississippi 23 Source JEC calculations based on U S Census Bureau and Bureau of Economic Analysis data Note Calculations are based on nominal 2023 dollar figures Trade share is calculated as Exports Imports...Mississippi 13 Source JEC calculations based on U S Census Bureau and Bureau of Economic Analysis data Note Calculations are based on nominal 2023 dollar figures...

to the federal deficit due to the costs of stopping and restarting government programs According to data from 2013 the cost of the full government shutdown in lost work hours totaled at least 2 billion A...put on hold A shutdown means that farmers and businesses alike can lose access to updated federal data on key measures like employment oil prices trade flows and agricultural trends that they use to guide...business decisions In 2014 the Economic and Statistics Administration reported that federal government data helped private industry 2 U S Congress Joint Economic Committee December 2024 to annually generate...