CHART OF THE WEEK

 

Americans who had hoped for quality, affordable health care in the Obamacare exchanges are instead finding higher premiums and shrinking choices of insurers, doctors, and hospitals. The JEC created a snapshot of the current “State of Obamacare” nationally and in each state, which can be found here.

 

LAST WEEK

News & Commentary Weekly Highlights

• The Delaware Gazette: Tiberi introduces Preserving Investment in Neighborhoods Act
• Wall Street Journal: U.S. Added 235,000 Jobs in February; Unemployment Rate 4.7%
• Bloomberg: Trump Does Deserve Some Credit for the Strong Jobs Report
• Wall Street Journal: U.S. Budget Gap Reaches 3.1% of GDP Over Past 12 Months

 

Top Economic Indicator Highlights

• Employment Situation (February)
  • Nonfarm jobs

February: 235,000     January: 238,000        December: 155,000

• Headline unemployment rate

February: 4.7%          January: 4.8%             December: 4.7%

• Noteworthy: Once again, the job numbers beat expectations. The employment-to-population ratio hit 60% for the first time since early 2009.

 

JEC Releases

• Tiberi Statement on February Jobs Report (Friday)
• New Page: Obamacare in States 2017 (Tuesday)

 

THIS WEEK

 

Upcoming Economic Data and Events

• Monday
  • Survey of Consumer Expectations (11:00am)
• Tuesday
  • Producer Price Index (8:30am)
• Wednesday
  • Advance Retail Sales (8:30am)
  • Consumer Price Index (8:30am)
  • Empire State Manufacturing Survey (8:30am)
  • Real Earnings (8:30am)
  • Business Inventories (10:00am)
  • Federal Reserve FOMC Meeting Statement (2:00pm)
• Thursday
  • Business Leaders Survey (8:30am)
  • New Residential Construction (8:30am)
  • Philly Fed Manufacturing Survey (8:30am)
  • Job Openings and Turnover Summary (JOLTS) (10:00am)
• Friday
  • Industrial Production and Capacity Utilization (9:15am)
  • Atlanta Fed Business Inflation Expectations Survey (10:00am)
  • Composite Indexes (10:00am)
  • Michigan Consumer Sentiment (Preliminary) (10:00am)