Washington, D.C. – Today the Joint Economic Committee (JEC) released its monthly state-by-state report “Understanding the Economy: State-by-State Snapshots, featuring key economic indicators for each of the 50 states and the District of Columbia. The report, available online at jec.senate.gov, has been updated to include state data released March 10 by the Bureau of Labor Statistics (BLS) and is the second installment of JEC’s State-by-State Economic Snapshots series. The first report was released in January 2010.
“This Great Recession has had a tremendous impact on families across our nation and all sectors of our economy. These state reports will allow my colleagues in the Senate and House, as well as other policy makers and members of the media, to compare how each state’s economic situation is changing on a month-to-month basis and will help us gauge each state’s progress toward a better economic climate,” said Congresswoman Carolyn Maloney, Chair of the JEC.
Understanding the Economy: State-by-State Snapshots features key economic statistics for each state, including:
- Jobs created or lost since the start of the recession;
- Jobs saved or created by the Recovery Act;
- Unemployment rates;
- Per capita earnings; and,
- The condition of the housing sector.
In March, BLS released revised data on nonfarm payroll employment in the states to incorporate a more accurate count of payroll employment and to revise seasonal adjustment factors for state estimates. The state statistics in this report reflect this adjusted data. The JEC will continue to update Understanding the Economy: State-by-State Snapshots monthly.
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The Joint Economic Committee, established under the Employment Act of 1946, was created by Congress to review economic conditions and to analyze the effectiveness of economic policy.
