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Representative David Schweikert - Vice Chairman

Unleashing Economic Prosperity

Weekly Economic Update June 20 – 24, 2016

A roundup of the previous week's economic headlines and a look ahead at the coming week.

June 2016 Federal Open Market Committee Announcement Review

At the end of last year, the Federal Reserve’s Federal Open Market Committee (FOMC) sent a clear, unanimous message about our economy’s ability to handle interest rate “normalization” by raising rates 0.25%. At that time, members’ projections indicated two to four more increases would follow in 2016...

A Graphical Guide on Employment in STEM

A look at STEM employment by occupation type, wages, share of employment, and projected growth.

Five Key Takeaways from CBO’s Analysis: The Distribution of Household Income and Federal Taxes

Since 1979, all income groups are getting richer, but still fall short of their pre-recession highs.

Weekly Economic Update: June 13 – 17, 2016

A summary of the previous week's headlines and a preview of the coming week.

Weekly Economic Update: June 6-10, 2016

What to expect this week and a roundup of the previous week's headlines.

Labor Review: Context for the May Labor Report

Friday’s employment report from the Bureau of Labor Statistics (BLS) shows very weak job growth for the month of May. Nonfarm payroll job numbers grew a mere 38,000, a paltry number compared to growth expectations of 123,000. Private payrolls grew an even smaller 25,000.

Weekly Economic Update: May 30-June 3, 2016

A roundup of the previous week's headlines and a look at the week ahead.

Domo Arigato, Mr. Roboto: The Transformative Impact of Automation

Technological advancement has always been a transforming force, generally thought of as positive, throughout the history of the modern era. Over time, technological advancement has replaced certain jobs and complemented others, and ultimately created more flexible and rewarding work.

Weekly Economic Update: May 23 – 27, 2016

A look at the upcoming week and highlights from the previous week.