Today, the BLS released its Employment Situation report for September 2012. The report showed a seasonally adjusted increase in nonfarm payrolls of 114,000. Private sector payrolls increased by 104,000, while government payrolls grew by 10,000. Yet, the "official" unemployment rate (U-3) declined to...
Rep. Kevin Brady (R-TX), Vice Chairman of the Joint Economic Committee, today called the Bureau of Labor Statistics' report that the economy added only 104,000 new private sector jobs in September, "another reminder of the failure of President Obama's economic policies. It cements this recovery as t...
The Bureau of Economic Analysis (BEA) today revised downwards its estimate of 2nd Quarter gross domestic product (GDP). BEA estimates that real GDP increased at an annual rate of 1.3% during the 2nd quarter, down 0.4 percentage points from its previous estimate.
Rep. Kevin Brady (R-TX), Vice Chair...