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@JECDems

The U.S. Congress Joint Economic Committee studies the economy and analyzes economic policies. Ranking Democrat:

Washington, D.C.
Joined February 2010

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  1. Good month for even after excluding auto & gas, up 0.6% and 4.3% year-over-year

  2. strong in Oct, up 0.8% for the month and 4.3% year-over-year

  3. down to 5.7% from peak of 13.0%

  4. Long-term at 1.2%, down from recession peak of 4.4%

  5. down to 9.5% from recession high of 17.1%

  6. rate down to 4.9% from recession high of 10.0%

  7. 13.6 million full-time workers have been added since Jan 2010

  8. 2.1 million private-sector have been added in the past 12 months

  9. The private sector added 142k in October

  10. Initial claims at 265k; 87 straight weeks under 300k (common watermark for solid labor market)

  11. Core PCE index up 0.1% for Sept, 1.7% year over year (under Fed’s 2% target)

  12. The US continues to lead the way, with a stronger recovery than our international peers

  13. has now grown in 27 of the last 29 quarters

  14. has grown by more than 16% since Obama took office

  15. Initial claims down to 258k; 86 straight weeks under 300k. Economists consider <300k sign of strong labor market

  16. index falls in October reading; still nearly 3x the level when Obama took office

  17. continue their climb; solid increases in Aug for both FHFA (0.7%) and Case-Shiller Nat’l (0.6%) indices

  18. Our report: rate fell in 14 states in Sept

  19. Existing beat expectations, up 3.2%; fueled by sales to 1st time buyers

  20. Small uptick in initial claims, possibly due to Hurricane Matthew; still near historic lows

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