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From Chairman
Martin Heinrich
U.S. Senator (D-NM)

Democratic News

October 30, 2024
JEC Chairman Heinrich on Third Quarter GDP Growth
“The economy is better today than it was four years ago, before the Biden-Harris administration took office, and the proof is in the data. Wages are outpacing inflation. Inflation is coming down. And we’ve seen nearly four years of robust job gains a...
Vice Chairman
David Schweikert
U.S. Congressman (R-AZ)

Republican News

APPLY FOR AN INTERNSHIP

AT THE JOINT ECONOMIC COMMITTEE OFFICE

State Unemployment Data

Latest Economic Data

Total nonfarm payroll employment increased by 187,000 in August, and the unemployment rate rose to 3.8 percent, the U.S. Bureau of Labor Statistics reported today.
Real gross domestic product (GDP) increased at an annual rate of 2.8 percent in the third quarter of 2024, according to the "advance" estimate.
The latest data released by the Department of Labor show that the number of initial unemployment claims fell to 192,000 for the week ending March 11, down 20,000 from the prior week. The four-week moving average, which smooths week-to-week volatility in the data, is 196,500, down 76% since President Biden took office.