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(ECONOMIC ACTIVITY
Employment
• For the week ended July 3, initial claims for unemployment insurance fell by 21,000 to 454,000 – a larger drop than expected. The four-week moving average of continued unemployment insurance claims is 4.554 million, down 70,000 from four weeks earlier. [Labor]
Economic Growth
ECONOMIC ACTIVITY
Employment
• The private sector created 83,000 jobs in June, and the unemployment rate fell to 9.5%. This is the sixth straight month of job growth in the private sector. The fall in total employment reflected a decrease in temporary Census jobs. [BLS]
ECONOMIC ACTIVITY
Industrial Sector
(WASHINGTON, DC)– Congressman Gregory W. Meeks (NY-6), Senior Member of the House Foreign Affairs Committee, Financial Services Committee and Chairman of the Subcommittee on International Monetary Policy and Trade, applauded President Obama’s announcement at the G-20 today to launch an initiative to complete the Korean-U.S. Free Trade Agreement (KORUS). Completing KORUS allows the U.S.
(WASHINGTON, DC)– Congressman Gregory W. Meeks (NY-6), Senior Member of the House Committee on Foreign Affairs, House Committee on Financial Services and Chairmen of the Subcommittee on International Monetary Policy and Trade, is extremely pleased of today’s passing of the Comprehensive Iran Sanctions, Accountability and Divestment Act, H.R. 2194.
(WASHINGTON, DC)– Congressman Gregory W. Meeks (NY-6), Senior Member of the House Committee on Financial Services and Chairmen of its Subcommittee on International Monetary Policy and Trade, is extremely pleased that today marks 90 days since President Barack Obama signed into law the historic health reform legislation.
ECONOMIC ACTIVITY
Industrial Sector
(WASHINGTON, DC)– Congressman Gregory W. Meeks (NY-6), Senior Member of the House Committee on Financial Services and Chairman of its Subcommittee on International Monetary Policy and Trade, offered an amendment to Section 131 of the House offer on Title I that passed in the House Financial Services Committee today.
(WASHINGTON, DC)– Congressman Gregory W. Meeks (NY-6), Senior Member of the House Committee on Financial Services and Chairman of its Subcommittee on International Monetary Policy and Trade, voted in favor of H.R. 5297, the Small Business Lending Fund Act of 2010 that will leverage $300 billion in lending for small businesses and create hundreds of thousands of jobs.
(WASHINGTON, DC)–Congressman Gregory W. Meeks (D-NY) released the following statement regarding this morning’s debate in the financial reform conference committee over the House offer to Title III: