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U.S. Bureau of Economic Analysis

Personal Income and Outlays, September 2009 Personal income decreased $0.1 billion, or less than 0.1 percent, and disposable personal income (DPI) decreased $0.2 billion, or less than 0.1 percent, in September, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) decreased $47.2 billion, or 0.5 percent......

Gross Domestic Product, 3rd quarter 2009 (advance estimate) 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 3.5 percent in the third quarter of 2009, (that is, from the second quarter to the third quarter), according to the "advance" estimate relea......

State Quarterly Personal Income, 1st quarter 2006-2nd quarter 2009; Revised Annual State Personal Income, 2006-2008 U.S. personal income grew 0.2 percent in the second quarter of 2009, the first growth in a year for the U.S. and for 15 states, according to estimates released today by the U.S. Bureau of Economic Analysis. In the first quarter, U.S. personal income fell 2.3 percent.

U.S. International Trade in Goods and Services, August 2009 The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that total August exports of $128.2 billion and imports of $158.9 billion resulted in a goods and services deficit of $30.7 billion, down from $31.9 billion in July, revised. Augu......

GDP by Metropolitan Area, Accelerated 2008, 2007, and Revised 2005-2006 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 (M......

Travel and Tourism Satellite Accounts, 2nd quarter 2009 Real spending on travel and tourism declined at an annual rate of 1.4 percent in 2009:2 (that is, from the first quarter to the second quarter) after declining 8.9 percent (revised) in 2009:1. By comparison, real gross domestic product (GDP) decreased 1.0 percent (second estimate) in 2009:2 after de......

U.S. International Transactions, 2nd Quarter 2009 The U.S. current-account deficit-the combined balances on trade in goods and services, income, and net unilateral current transfers-decreased to $98.8 billion (preliminary) in the second quarter of 2009, the smallest deficit since the fourth quarter of 2001, from $104.5 billion (revised) in the f......

Personal Income for Metropolitan Areas, 2008 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 perso......

U.S. Net International Investment Position at Yearend 2008 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......

Foreign Investors Spending, 2008 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.

Courtesy bea.gov

Economy News

$8,000 homebuyers tax credit extended President Obama signed an extension and expansion of the first-time homebuyers tax credit on Friday.

Five more banks fail - 120 for the year Five banks failed late Friday, bringing the 2009 tally to 120.

Health insurance tax = higher wages? When was the last time your employer gave you a raise because the company had a little windfall? Don't feel bad if your memory is drawing blanks.

Consumer credit falls for 8th month Consumer credit fell in September for the eighth straight month, the longest streak of declines since the Federal Reserve started keeping records in 1943.

Getting by with a skeleton staff Small business owners are still whittling away at their payroll, but the deluge of pink slips on Main Street is slowing down.

Americans still bagging bargains and bulk buys Despite much hope that Americans are finally thawing out of their year-long self-imposed shopping freeze, store sales last month were good in pockets -- but not great, as many analysts were hoping.

Businesses get a break in unemployment bill The unemployment insurance bill that President Obama signed Friday won't just help the jobless and the homebuyer. It also includes a long-awaited break for businesses that will let them quickly turn their recent losses into cold cash.

Obama signs jobless benefit extension President Obama said he signed into law Friday a bill to provide up to 20 additional weeks of jobless benefits to unemployed Americans and extend the $8,000 tax credit for new homebuyers into the middle of next year.

Courtesy cnn.com