Recent Economic & Committee News

  • Employment Hearing

    The Employment Situation: November 2010

    Nov 30 2010

    Associated Image A hearing before the Joint Economic Committee will be held on Friday, December 3, 2010, at 9:30 a.m., in room 216 of the Hart Senate Office Building.

    Hearing on “The Employment Situation: November 2010”
  • Weekly Economic Update: November 22-26, 2010

    Nov 30 2010

    Associated Image Overview: GDP growth was revised upwards to 2.5% for the 3rd quarter. Existing home sales fell 2.2% in October as new home sales fell 8.1%. Personal income rose 0.5% and personal spending rose 0.4% in October. Durable orders fell 3.3% in October. Initial jobless claims fell by 34,000 to a level of 407,000 for the week ended 11/20.
  • 3rd quarter GDP growth revised upwards to 2.5%

    Nov 23 2010

    Associated Image According to the second estimate, annualized GDP growth in the 3rd quarter was 2.5%. This marks an upward revision from the advance estimate of 2.0%. Growth in the 2nd quarter was 1.7%, and was 3.7% in the 1st quarter of 2010. The BEA will release its third estimate for 3rd quarter GDP growth on December 22nd.
  • Weekly Economic Update: Nov. 15-19, 2010

    Nov 22 2010

    Associated Image Overview: Retail sales rose 1.2% in October. The topline PPI rose 0.4% in October while the core PPI fell 0.6%. The topline CPI rose 0.2% in October; the core CPI was unchanged. Industrial production was flat in October. Housing starts fell 11.7% in October as building permits edged up 0.5%. Business inventories rose 0.9% in September. Initial jobless claims rose by 2,000 to a level of 439,000 for the week ended 11/13.
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