Capitol Update 10/30/2023
U.S. economy grows at blockbuster pace in third quarter The U.S. economy grew by an annual rate of 4.9 percent in the third quarter, the strongest pace since 2021, as spending — by families, businesses and the government — accelerated, even in the face of … read more
Capitol Update 10/12/2023
Inflation may be cooling off The U.S. government is expected to report that overall prices for consumers rose about 0.2% last month compared to August and 3.6% compared to a year ago. And core inflation, which accounts for prices not including energy and food, is … read more
Capitol Update 10/9/2023
Payroll employment rises by 336,000 in September; unemployment rate unchanged at 3.8% Total nonfarm payroll employment rose by 336,000 in September, and the unemployment rate was unchanged at 3.8 percent. Job gains occurred in leisure and hospitality; government; health care; professional, scientific, and technical services; … read more