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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

2 weeks agoUS 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...

Personal Income increased 0.4% in April, Spending decreased slightly

The BEA released the Personal Income and Outlays report for April: Personal income increased $59.4 billion, or 0.4 percent... in April, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) decreased $2.6...Show More Summary

TOM BLUMER: The Economy Has No Clothes: So they further define down the “new normal.” On Friday…

TOM BLUMER: The Economy Has No Clothes: So they further define down the “new normal.” On Friday, the government’s Bureau of Economic Analysis reported that the nation’s economy contracted at an annual rate of 0.7 percent during this year’s first quarter, a sharp drop from the barely positive 0.2 percent it estimated a month ago. […]

Current economic conditions: not as bad as it sounds

On Friday the Bureau of Economic Analysis released its second estimate of U.S. 2015:Q1 real GDP growth. The BEA now estimates that the economy contracted at a 0.7% annual rate rather than grew 0.2% as originally estimated. The number is discouraging, though I see some silver linings. The primary factors that brought GDP growth down […]

Negative GDP Growth Illustrates the Need for Bonus Depreciation, Part 2

Last year we wrote that negative GDP growth illustrates the need for bonus depreciation. The same is true exactly one year later. This morning the Bureau of Economic Analysis (BEA) revised its first quarter GDP growth number downward. Show More Summary

The U.S. Economy Contracted in the First Quarter for the Second Year in a Row

The Bureau of Economic Analysis said the U.S. economy contracted in the first quarter for the second year in aRead the Rest...

Corporate profits tanked

The US economy shrank in during the first three months of 2015. According a new report from the Bureau of Economic Analysis, Q1 GDP fell by 0.7%. That same report revealed that US corporate profits plunged 8.7% during the period. "Corporate...Show More Summary

Greece's current economic nightmare is worse than the US Great Depression

We're about to get some bad news about the US economy a bit later Friday. The Bureau of Economic Analysis will release its second estimate of first-quarter gross domestic product. It's expected to show that the economy contracted 0.8% in the first quarter. Show More Summary

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