Opening Remarks from Joint Economic Committe's Life Science Hearing
Washington, DC -America’s life sciences industry leads the world with innovations in biomedical science, biotechnology, agriculture, and medical devices. This industry’s products help Americans live longer and healthier lives. It employs 1.4 million Americans and accounts for 1/3 of all research an...
Weak U.S. Dollar Adds 56.5¢ to Every Gallon of Gasoline
Washington, DC --A weak U.S. dollar due to the Federal Reserve's unprecedented pumping of dollars into the American economy is adding 56 and a half cents* to the price of every gallon of gasoline, according to a new study by the Joint Economic Committee Republican staff.
Unemployment Rate Rises in Exceptionally Weak Recovery
Washington, DC -- Following on the heels of a disappointing first quarter economic report, the unemployment rate rose back up to 9 percent in April. The nation also experienced a significant rise in the number of workers recently unemployed, which confirms yesterday's report of a large jump in initi...
Caution Lights Flashing for the Obama Recovery
Washington, D.C – America’s economy slowed to a sluggish 1.8 percent annual growth rate in the first quarter of 2011 according to data released today by the Bureau of Economic Statistics. The figure fell significantly below the pre-announcement market expectation of 2.6 percent growth and reflects a...
New Joint Economic Study: SPEND LESS, OWE LESS, GROW THE U.S. ECONOMY
Washington, DC - Today, House Majority Leader Eric Cantor, Majority Whip Kevin McCarthy and Chief Deputy Whip Peter Roskam joined Kevin Brady, the top Republican on the Joint Economic Committee for the release of new economic data that proves government spending cuts help grow economies.
Employment Situation in November 2010
Weekly Economic Update: Nobember 1-5, 2010
Overview: The economy added 151,000 jobs in October as the unemployment rate remained unchanged at 9.6%. The Fed held constant its target fed funds rate at 0.0%-0.25% and announced a $600 billion Treasury purchase plan. Personal income fell 0.1% in September as spending rose 0.2%. The ISM index ...
