BLS reported that in May, unemployment rates fell in 13 states, rose in 13, and were unchanged in 24. Find out how your state performed ⬇️.

Special thanks to our distinguished witnesses for sharing their insights at last week's hearing:. Dr. Jean-Paul Rodrigue (@ecojpr).Dr. Patrick McLaughlin (@EconPatrick).Dr. Yossi Sheffi (@YossiSheffi).Dr. Sujai Shivakumar (@ShivakumarSujai). Hearing recap:

In May, the U.S. spent $687B while only collecting $371B resulting in a deficit of $316B. FY 2025 to date has run a deficit of $1.36 trillion!. Find out more in our full report 🔽.

Inflation remained low in May, beating expectations. That means more breathing room for American families, as real wages rose across the board. Find out more in our full report 🔽.

"What can the future look like?" . @RepDavid concluded the hearing by engaging the panel on what should be prioritized, underscoring the importance of making meaningful changes now.

.@MarshaBlackburn spotlighted Memphis as a model intermodal hub. Then opened the discussion on the importance of logistics clusters. @ecoJPR and @YossiSheffi highlighted the multiplying effect of proximity, empowering manufacturers, and the resiliency of intermodal hubs.

.@RepSpartz discussed what's holding back U.S. supply chains and economic productivity. @YossiSheffi covered port inadequacies due to regulation, the importance of business certainty, and the growing skill gap in the workforce.

.@RepRonEstes discussed the importance of smarter regulation & emerging tech, to boost U.S businesses. @EconPatrick described how cutting red tape drives growth & expands the tax base. @YossiSheffi highlighted how AI can improve forecasting & coordination across manufacturing.

RT @RepRonEstes: The United States needs economic policy that puts America first and ensures that we stay competitive on the international….

RT @RepSpartz: Today, Joint Economic Committee @JECRepublicans held a hearing on supply chain modernization. Watch below Rep. Spartz quest….

LIVE: JEC Hearing on "Barriers to Supply Chain Modernization and Factor Productivity Enhancements.".

Tomorrow: The JEC will be examining the "Barriers to Supply Chain Modernization and Factor Productivity Enhancements". Witnesses include:.Dr. Jean-Paul Rodrigue (@ecojpr).Dr. Patrick McLaughlin (@EconPatrick).Dr. Yossi Sheffi (@YossiSheffi).Dr. Sujai Shivakumar (@ShivakumarSujai).

RT @HouseBudgetGOP: With nearly $2T per year in deficits under the Biden-Harris Administration, unbridled spending has become unsustainable….

Inflation is down and incomes are up!. Annual Core PCE inflation at 2.5% was at the lowest level in over four years!.DPI per-capita at $66,195 was an all-time high for the first time since the pandemic!.

.@RepDavid “The passage of the OBBB in the House marks progress, but our work continues. As Chairman of the Joint Economic Committee, I remain committed to collaborating across chambers to refine policies that strengthen our economy and support working Americans.”.

In April, unemployment rates were stable in 45 states with payroll jobs rising in 40 states. Curious about your state? Dive into the detailed updates below ⬇️.

RT @CEA47: President Trump's tax bill (aka, the Big Beautiful Bill) wouldn't just avoid a catastrophic recession by extending the 2017 tax….

Moody's downgrades U.S. credit rating amid soaring federal debt, now at $36.2 trillion and up $11.2 trillion from just five years ago. In the past year alone, the national debt rose by $1.7 trillion, an average increase of:.• $4.5 billion per day.• $189 million per hour.•.

Producer Price Index (PPI) cooled sharply in April, rising 2.4% over the year and down from 3.4% in March. This is the largest monthly drop in producer inflation in five years, signaling easing cost in the supply chain. Lower input costs could mean further relief for consumers.

In April, Treasury reported $592B in outlays and $851B in revenues, resulting in a $258B surplus. So far this fiscal year, the deficit still exceeds $1 trillion, with $579B spent on interest – the second largest federal expense!.