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Modest Growth in Personal Income and Spending in July

The Bureau of Economic Analysis said that personal income increased 0.4 percent, marking the fourth straight month with that pace.Read the Rest...

Personal Income increased 0.4% in July, Spending increased 0.3%

The BEA released the Personal Income and Outlays report for July: Personal income increased $67.1 billion, or 0.4 percent... in July, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) increased $37.4...Show More Summary

Second Quarter Real GDP Revised Sharply Higher, up from 2.3 Percent to 3.7 Percent Growth

The Bureau of Economic Analysis revised its estimate of growth in the U.S. in the second quarter sharply higher. RealRead the Rest...

U.S. Trade Deficit Widened in June; Manufactured Goods Exports Down Year-to-Date

The U.S. Census Bureau and the Bureau of Economic Analysis said that the U.S. trade deficit widened somewhat in June.Read the Rest...

"The Economy Probably Sucks If..."

Submitted by Lance Roberts via STA Wealth Management, Back in May, I penned a missive entitled "If You Don't Like It, Change It" which discussed the pending changes to the GDP calculation by the Bureau of Economic Analysis (BEA). ToShow More Summary

Trade Deficit increased in June to $43.8 Billion

The Department of Commerce reported:The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that the goods and services deficit was $43.8 billion in June, up $2.9 billion from $40.9 billion in May, revised. Show More Summary

BEA: Personal Income increased 0.4% in June, Core PCE prices up 1.3% year-over-year

From the BEA, the Personal Income and Outlays report for June: Personal income increased $68.1 billion, or 0.4 percent... in June, according to the Bureau of Economic Analysis....Real PCE -- PCE adjusted to remove price changes -- decreased less than 0.1 percent in June, in contrast to an increase of 0.4 percent in May.... Show More Summary

Personal Spending Growth Eased Somewhat in June

The Bureau of Economic Analysis said that personal spending increased by 0.2 percent in June, easing somewhat from the 0.7Read the Rest...

U.S. austerity was even worse than we thought, data suggest

The economy of the years between 2011 and 2014 was even more mediocre than previously recognized, according to the Bureau of Economic Analysis. The agency said Thursday it had overstated the rate of economic growth during the period. The bureau often has to revise its estimates as it gathers new data or makes improvements to its methods for […]

Current economic conditions

The Bureau of Economic Analysis announced today that U.S. real GDP grew at a 2.3% annual rate in the second quarter. You can’t describe the new data as favorable, but I’m still hopeful about what comes next. GDP growth since the end of the Great Recession in 2009:Q2 has averaged 2.1% per year, a full […]

Here are the revisions made to GDP growth over the last three years

The Bureau of Economic Analysis released their initial estimate for Q2 2015 GDP in the United States. However, these are just the initial "advance" estimates for the current GDP growth rate, which the BEA warns are "based on source data...Show More Summary

We're about to get a much better idea of just how well the US economy is doing (SPY, DJI, IXIC)

We're about to get a shiny new official way to measure the strength of the US economy. On Thursday, the Bureau of Economic Analysis will release the first estimate of second-quarter Gross Domestic Product (GDP). Along with that release, the BEA will for the first time publish a composite of GDP and Gross Domestic Income (GDI). Show More Summary

Combining GDP and GDI for a Better Measure of the Economy Could Be Tricky

Combining GDP and GDI for a Better Measure of the Economy Could Be Tricky Daniel Carroll, Jessica Ice Cleveland Fed, 7/20/15       After the Bureau of Economic Analysis (BEA) released its latest estimate of real GDP growth for the first quarter of 2015—a disappointing ?0.2 percent—economists began looking for reasons for the sudden...Read More

What is $100 Worth Where You Live? — Design News

Pin it Here's a different way to think about a city's cost of living: What's $100 worth? The economists at the Tax Foundation used data from Bureau of Economic Analysis to determine just how far a Benjamin goes across the country. READ MORE »

The Relative Value of $100: Lowest In D.C. ($85), Highest In Mississippi ($115)

Tax Foundation, The Relative Value of $100: Which States Offer the Biggest Bang For Your Buck?: The Bureau of Economic Analysis has been measuring this phenomenon for two years now; it recently published its data for prices in 2013. Using this data, we have adjusted the value of $100 to...

U.S. Trade Deficit Edged Slightly Higher in May, Oil Imports at Lowest in 13 Years

The Bureau of Economic Analysis and the Census Bureau said that the U.S. trade deficit edged slightly higher, up fromRead the Rest...

Trade Deficit increased in May to $41.9 Billion

The Department of Commerce reported:The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that the goods and services deficit was $41.9 billion in May, up $1.2 billion from $40.7 billion in April, revised. Show More Summary

Here are the most expensive places to live in America

Unsurprisingly, some of America's biggest cities are also its most expensive. The Bureau of Economic Analysis recently released relative cost-of-living estimates using 2013 data for the nation's 381 metropolitan areas and the non-metropolitan parts of states. Show More Summary

Personal Spending Picked Up Strongly in May

The Bureau of Economic Analysis said that personal spending rose 0.9 percent in May, rebounding from a more-cautious 0.1 percentRead the Rest...

Personal Income increased 0.5% in May, Spending increased 0.9%

The BEA released the Personal Income and Outlays report for May: Personal income increased $79.0 billion, or 0.5 percent... in May, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) increased $105.9...Show More Summary

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