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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

Excluding Obamacare And The "Harsh Winter", Q1 GDP Tumbled -1.4%

It is somewhat ironic that even as reporters posing as economists, reporters posting as reporters, and even the US department of truth and failed weathermen posing as the Bureau of Economic Analysis decided to blame the "harsh winter"...Show More Summary

First Quarter Real GDP Upwardly Revised to a Decline of 0.2 Percent

The Bureau of Economic Analysis said that the U.S. economy shrank by 0.2 percent in the first quarter. This secondRead the Rest...

Additional Time-Consuming Forms For Offshore Reporting Due June 30, 2015

If you have offshore accounts or assets and have declared them to the IRS, you might assume you are done with FATCA and related compliance. But a new agency is in the picture--the Bureau of Economic Analysis of the U.S. Department of Commerce--with it's own offshore filing requirements

If New York Is Spain and California Brazil, What Is Texas?

Following the Bureau of Economic Analysis (BEA) release on June 10 of U.S. state gross domestic product (GDP) data for 2014, I was able to update the map below, which appeared on the Carpe Diem blog a year ago using 2013 data. The map was created by matching economic output in U.S. Show More Summary

Daily dose: Carolina Fallback edition

last monthUS Politics / Liberal : BlueNC

DOING THE MATH: ‘Carolina Comeback’ coming up short (WRAL-TV) -- Numbers out this week from the U.S. Dept. of Commerce's Bureau of Economic Analysis paint a less rosy picture of North Carolina’s economic health. According to GDP figures...Show More Summary

Here's how much each US state economy grew last year

Every year, the Bureau of Economic Analysis releases state-level Gross Domestic Product figures. We took a look at how each state's economy grew or shrank between 2013 and 2014. The oil boom of the first half of last year is readily apparent: The five states with the fastest growing economies all had big mining sectors. Show More Summary

This Map Shows How Much Each State Grew Its GDP Last Year

A new report released by the Bureau of Economic Analysis on Wednesday shows how each state grew its GDP in 2014. The map demonstrates how U.S. growth keeps shifting further West, specifically in the Southwest where a growth rate of 4.3 percent... Read more The post This Map Shows How Much Each State Grew Its GDP Last Year appeared first on Business Pundit.

Bookman/Wingfield: Does the ATL need a regional government?

As I note in the video below, I recently went digging through some Bureau of Economic Analysis data, trying to see how we’re doing here in metro Atlanta compared to our regional competitors. The answer,...

U.S. Trade Deficit Narrowed in April After Peaking in March

The Bureau of Economic Analysis and the Census Bureau said that the U.S. trade deficit narrowed, down from $50.57 billionRead the Rest...

Trade Deficit declined in April to $40.9 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 $40.9 billion in April, down $9.7 billion from $50.6 billion in March, revised. Show More Summary

Personal Spending was Flat in April

The Bureau of Economic Analysis said that personal spending was flat in April, falling back after growing 0.5 percent inRead the Rest...

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