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

Democratic News

July 5, 2024
JEC Chairman Heinrich: “The 41 consecutive months of job growth we’ve seen are delivering a strong, stable economy.”
“The 41 consecutive months of job growth we’ve seen are delivering a strong, stable economy that families across the country can benefit from. In nearly every state, wages have outpaced inflation since 2021. We are on the right track, especially as w...
Vice Chairman
David Schweikert
U.S. Congressman (R-AZ)

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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 1.4 percent in the first quarter of 2024, according to the "third" 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.