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U.S. Bureau of Economic Analysis
U.S. International Trade in Goods and Services, February 2014
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that total February exports of $190.4 billion and imports of $232.7 billion resulted in a goods and services deficit of $42.3 billion, up from $39.3 billion in January, revised. Febru......
Personal Income and Outlays, February 2014
Personal income increased $47.7 billion, or 0.3 percent, and disposable personal income (DPI) increased $42.3 billion, or 0.3 percent, in February, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) increased $30.8 billion, or 0.3 percent. In January, personal in......
Gross Domestic Product, 4th quarter and annual 2013 (third estimate); Corporate Profits, 4th quarter and annual 2013
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 2.6 percent in the fourth quarter of 2013 (that is, from the third quarter to the fourth quarter), according to the "third" estimate released ......
U.S. International Investment Position, 4th Quarter and Year 2013
The U.S. net international investment position at the end of the fourth quarter of 2013 was -$4,577.5 billion (preliminary) as the value of foreign investments in the United States exceeded the value of U.S. investments abroad. At the end of the third quarter, the net position was -$4,171.8 billion ......
State Quarterly Personal Income, 1st quarter 2013-4th quarter 2013; State Annual Personal Income, 2013 (preliminary estimates)
Average state personal income growth slowed to 2.6 percent in 2013 from 4.2 percent in 2012, according to estimates released today by the U.S. Bureau of Economic Analysis. State personal income growth ranged from 1.5 percent in West Virginia to 7.6 percent in North Dakota, with every state growing m......
Travel and Tourism Satellite Accounts, 4th quarter 2013
Real spending on travel and tourism accelerated in the fourth quarter of 2013, increasing at an annual rate of 4.2 percent after increasing 3.1 percent (revised) in the third quarter of 2013. In contrast, growth in real gross domestic product (GDP) decelerated, increasing 2.4 percent (second estima......
U.S. International Transactions, 4th quarter and year 2013
The U.S. current-account deficit-the combined balances on trade in goods and services, income, and net unilateral current transfers-decreased to $81.1 billion (preliminary) in the fourth quarter from $96.4 billion (revised) in the third quarter. The deficit decreased to 1.9 percent of current-dollar......
Revised Statistics of Gross Domestic Product by Industry for 1997-2012
With this release, the Bureau of Economic Analysis (BEA) has provided new and expanded detail on the industry sources of U.S. economic growth in 2012. These newly available data, which reflect the results of the 2014 comprehensive revision of the annual industry accounts, confirm the widespread grow......
Benchmark Input-Output Account of the U.S. Economy, 2007
The Bureau of Economic Analysis (BEA) today released its 2007 Benchmark Input-Output (I-O) Account of the U.S. Economy. This widely used account—which provided the foundation for BEA’s 2013 comprehensive revision of its gross domestic product (GDP) statistics—offers a comprehensive picture of the i......
Gross Domestic Product for Guam
The estimates of GDP for Guam show that real GDP – GDP adjusted to remove price changes – decreased 0.6 percent in 2011 and increased 0.5 percent in 2012 (see Table 1.3). For comparison, real GDP for the U.S. (excluding the territories) increased 1.8 percent in 2011 and 2.8 percent in 2012. Economy News
What stumps Warren Buffett? Minimum wage
Billionaire advocates for increasing a tax credit on wages as a way to attack the growing inequality in the U.S., but he's unsure of the benefits of raising the federal minimum wage.
CNNMoney's Economy Now blog

Postal workers to protest at Staples
Read full story for latest details.
Many low-wage workers not protected by minimum wage
President Obama's push to raise the federal minimum wage to $10.10 an hour, coupled with recent state-level increases, is welcome news for many people getting by on small paychecks.
It's official: Austerity drives down Europe's deficits
The eurozone kept government borrowing under control last year, meeting its own limit for the first time since 2008, providing more evidence that the region is emerging from a devastating debt crisis.
Delinquent IRS employees paid bonuses by the agency
Read full story for latest details.
Is capitalism driving itself out of business?
In his latest book, Jeremy Rifkin argues that the private market's drive for productivity has brought us closer to a world in which the marginal cost to produce just about everything will inch closer and closer to zero.
French economist is Amazon's top seller
Read full story for latest details.
Courtesy cnn.com




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