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Personal income increased $11.4 billion, or 0.1 percent, and disposable personal income (DPI)
decreased $47.6 billion, or 0.4 percent, in January, according to the Bureau of Economic Analysis. The
decrease in DPI reflected an increase in federal nonwithheld income taxes. Personal consumption
expenditures (PCE) increased $52.4 billion, or 0.5 percent. In December, personal income increased
$41.2 billion, or 0.3 percent, DPI increased $40.3 billion, or 0.4 percent, and PCE increased $26.4 billion,
or 0.3 percent, based on revised estimates. Full Text
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Real gross domestic product -- the output of goods and services produced by labor and property
located in the United States -- increased at an annual rate of 5.9 percent in the fourth quarter of 2009
(that is, from the third quarter to the fourth quarter) according to the "second" estimate released by the
Bureau of Economic Analysis. In the third quarter, real GDP increased 2.2 percent. Full Text
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The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that total December exports of $142.7 billion and imports of $182.9 billion resulted in a goods and services deficit of $40.2 billion, up from $36.4 billion in November, revised. December exports were $4.6 billion more than November exports of $138.1 billion. December imports were $8.4 billion more than November imports of $174.5 billion. Full Text
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A complete listing of our upcoming news releases can be found on our detailed
schedule for 2010. All news releases shown on our schedule are made available as RSS feeds. Full Text
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Compensation grew in over 80 percent of the 3,112 counties in the U.S., as the average annual compensation per job in the U.S. grew by 2.6 percent to $56,116, according to statistics released today by the U.S. Bureau of Economic Analysis (BEA).¹ Total compensation of U.S. workers grew 2.3 percent in 2008, as net job losses partially offset compensation growth. Inflation measured by the national price index for personal consumption expenditures, grew 3.3 percent. Full Text
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State personal income growth averaged 0.3 percent in the third quarter of 2009 with 19 states seeing net earnings growth for the first time in at least a year, according to estimates released today by the U.S. Bureau of Economic Analysis. Personal income growth rates ranged from 0.8 percent in Alaska to -0.4 percent in Louisiana. Full Text
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The U.S. current-account deficit - the combined balances on trade in goods
and services, income, and net unilateral current transfers—increased to $108.0
billion (preliminary) in the third quarter of 2009 from $98.0 billion (revised)
in the second quarter. The increase was more than accounted for by an increase
in the deficit on goods. A small increase in net unilateral current transfers to
foreigners also contributed to the higher current-account deficit. Increases in
the surpluses on income and on services were partly offsetting. Full Text
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Real spending on travel and tourism increased at an annual rate of 6.4 percent in 2009:3 after increasing 0.2 percent (revised) in 2009:2. By comparison, real gross domestic product (GDP) increased 2.8 percent (second estimate) in 2009:3 after decreasing 0.7 percent in 2009:2. Despite the rebound, real travel and tourism spending was still below its 2007:3 peak. Travel and tourism prices increased 6.7 percent in 2009:3 after decreasing 3.7 percent (revised) in 2009:2. Transportation was the largest contributor to growth in travel and tourism spending in 2009:3. Full Text
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New statistics released today by the U.S. Bureau of Economic Analysis show that the slowdown in U.S. economic growth was widespread: 60 percent of metropolitan areas saw economic growth slow down or reverse. Real GDP growth slowed in 220 of the nation's 366 metropolitan statistical areas (MSAs) in 2008 with downturns in construction, manufacturing, and finance and insurance restraining growth in many metropolitan areas. Growth in real U.S. GDP by metropolitan area slowed from 2.0 percent in 2007 to 0.8 percent in 2008. Full Text
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Personal income growth slowed in 2008 in most of the nation's metropolitan statistical areas (MSAs), according to estimates released today by the U.S. Bureau of Economic Analysis. Personal income growth slowed in 322 MSAs, increased in 42, and remained unchanged in 2 MSAs. On average, MSA personal income grew 3.3 percent in 2008, down from 6.0 percent in 2007. Full Text
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The U.S. net international investment position at yearend 2008 was -$3,469.2
billion (preliminary), as the value of foreign investments in the United States
continued to exceed the value of U.S. investments abroad (table 1). At yearend
2007, the U.S. net international investment position was -$2,139.9 billion
(revised).
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Outlays by foreign direct investors to acquire or establish U.S. businesses increased 3 percent in 2008, to $260.4 billion. Outlays in 2008 were the third-largest on record and the sixth consecutive increase since a falloff in outlays in 2001-2002. Full Text
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Real gross domestic product -- the output of goods and services produced by labor and property located in the United States -- decreased at an annual rate of 5.7 percent in the first quarter of 2009, (that is, from the fourth quarter to the first quarter), according to preliminary estimates released by the Bureau of Economic Analysis. In the fourth quarter, real GDP decreased 6.3 percent. Full Text
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Downturns in manufacturing, retail trade, and finance and insurance industries were the leading contributors to the slowdown in U.S. economic growth in 2008, according to preliminary statistics on the breakout of real gross domestic product (GDP) by industry from the Bureau of Economic Analysis. The economic slowdown was widespread: nearly two-thirds of private industries contributed to the deceleration in real GDP growth. Full Text
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Today, the Bureau of Economic Analysis (BEA) released estimates of personal income at the county level for 2007 based on newly available source data. The percent change from 2006 to 2007 in county personal income ranged from -11 percent in McPherson County, Nebraska to 88 percent in Campbell County, South Dakota. For the nation, personal income grew 6.0 percent. A surge in farm income accounted for the bulk of the growth in 29 of the 31 fastest growing counties (the top 1 percent of the nation's counties) as they rebounded from sharp declines in farm income in 2006. Full Text
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