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Strange Realities: US Culture Industry Has Fewer Jobs But More Money

2 weeks agoArts : Hyperallergic

Arts and culture matters much more to the economy than previously known, according to a new report issued by the US Bureau of Economic Analysis (BEA).

These Industries Benefit Most From Falling Energy Costs

Businesses and consumers alike love falling energy costs. Obviously, the more energy-intensive users benefit the most from the recent ~40% plunge in oil prices. "US Bureau of Economic Analysis (BEA) data show that energy input costs equate to more than 2% of US private industry gross output (revenues)," Goldman Sachs' David Kostin noted. Show More Summary

U.S. Trade Deficit Narrowed in November; Oil Imports at Lowest Level Since 1994

The Bureau of Economic Analysis and the Census Bureau said that the U.S. trade deficit fell to its lowest levelRead the Rest...

Trade Deficit declines in November to $39.0 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 $39.0 billion in November, down $3.2 billion from $42.2 billion in October, revised. Show More Summary

Are Happy Days Here Again for the Economy?

At MoneyWatch: Are happy days here again for the economy?: Just before Christmas Day, the Bureau of Economic Analysis updated its estimate of growth to 5 percent for 2014's third quarter, and it also revised second-quarter growth to 4.6 percent....

US GDP Grows at 5 Percent in Q3 2014, Best of the Recovery

The US economy grew at a 5 percent annual rate in Q3 2014, the fastest rate of the recovery, according to the third estimate released yesterday by the Bureau of Economic Analysis. That is an upward revision from the 3.9 percent of the second estimate. Show More Summary

Exposing The Deception: How The US Economy "Grew" By $140 Billion In Q3 Due To Data Revisions

This is simply stunning. Regular readers will recall that last month, at the same time as the US Bureau of Economic Analysis reported was a far better than expected 3.9% GDP (since revised to 5.0% on the back of the previously notedShow More Summary

Personal Income increased 0.4% in November, Spending increased 0.6%

The BEA released the Personal Income and Outlays report for November: Personal income increased $54.4 billion, or 0.4 percent... in November, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) increased...Show More Summary

Trade Deficit mostly unchanged in October at $43.4 Billion

Earlier 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 $43.4 billion in October, down $0.2 billion from $43.6 billion in September, revised. Show More Summary

U.S. Trade Deficit Edged Marginally Lower in October

The Bureau of Economic Analysis and the Census Bureau said that the U.S. trade deficit edged marginally lower, down fromRead the Rest...

Personal Income and Spending Both Rose 0.2 Percent in October

The Bureau of Economic Analysis said that personal spending rose 0.2 percent in October, an improvement from being flat inRead the Rest...

The Answer Why US GDP Surged Q3: Because Americans Are Suddenly $80 Billion Poorer

The final major datapoint of the day was the Consumer Income and Spending data from the US Dept of Commerce's Bureau of Economic Analysis, the same outfit that yesterday shocked everyone with just how much better US GDP was. Well, today, we learned just where the offset came from. Show More Summary

Personal Income increased 0.2% in October, Spending increased 0.2%

The BEA released the Personal Income and Outlays report for October: Personal income increased $32.9 billion, or 0.2 percent... in October, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) increased...Show More Summary

"Failed" Bund Auction At Record Low Yield And All Other Key Overnight Events

While there has been no global economic outlook cut today, or no further pre-revision hints of "decoupling" by the apartchiks at the US Bureau of Economic Analysis, both European and US equities are pointing at a higher open, because...Show More Summary

Q3 GDP Revised Up

The second reading of Q3 GDP was released by the Bureau of Economic Analysis this morning and it was a notably stronger than expected reading. Wall Street economists were looking for a revision downward from 3.5% quarter-over-quarter seasonally-adjusted annual rate (SAAR) growth in the initial reading from one month ago to 3.3% QoQ SAAR. Show More Summary

Real GDP Revised Higher, with Economy Growing 3.9 Percent in the Third Quarter

The Bureau of Economic Analysis revised its third quarter real GDP figure higher, with the U.S. economy growing an annualizedRead the Rest...

Legal Services Sector Shrank 2.9% in 2013

Matt Leichter, Commerce Dept.: Legal Services Sector Contracts (Again) in 2013: Earlier this month the Commerce Department’s Bureau of Economic Analysis (BEA) updated its GDP by industry data. The chief finding for law-watchers is that in 2013 the legal services industry shrank by 2.9 percent. Ouch. The legal services industry...

Manufacturers Added 0.81 Percentage Points to Real GDP Growth in the Second Quarter

The Bureau of Economic Analysis said that manufacturers added 0.81 percentage points to real GDP growth in the second quarter.Read the Rest...

U.S. Trade Deficit Widened Somewhat in September on Reduced Exports

The Bureau of Economic Analysis and the Census Bureau said that the U.S. trade deficit widened somewhat, up from $39.99Read the Rest...

Personal Spending Was Cautious in the Third Quarter, with Declines in September

The Bureau of Economic Analysis said that personal spending declined 0.2 percent in September, somewhat offsetting the 0.5 percent gainRead the Rest...

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