I am a little slow responding to the stunning revision to the first-quarter GDP estimates that came out two weeks ago, but here are my thoughts about the new estimates. The Bureau of Economic Analysis announced on June 25 that U.S. real GDP fell at a 2.9% annual rate during the first quarter, compared with […]
By Ed Dolan: The third estimate of U.S. real GDP for Q1 2014, released this week by the Bureau of Economic Analysis, showed that the economy contracted at a 2.9 percent annual rate in the quarter. That was the fastest rate of contraction since the recovery began five years ago. Show More Summary
The third estimate of U.S. real GDP for Q1 2014, released this week by the Bureau of Economic Analysis, showed that the economy contracted at a 2.9 percent annual rate in the quarter. That was the fastest rate of contraction since the recovery began five years ago. Show More Summary
The Bureau of Economic Analysis (BEA) reported June 25th that the U.S. GDP in the first quarter of 2014 was a dismal -2.9%, despite unemployment being unchanged and personal income growing at a healthy 3.2% annual rate. According David...Show More Summary
Oh snap! Have you heard the new shocking Bureau of Economic Analysis statistic showing that the average woman spends $3,400 a year on clothing? While we're all for the occasional shopping splurge, this shocking stat is just what we need to get us in the mindset to re-use and recycle some of our less-worn closet pieces. Show More Summary
The Bureau of Economic Analysis said that personal spending increased 0.2 percent in May, an improvement from being essentially flatRead the Rest...
The BEA released the Personal Income and Outlays report for May: Personal income increased $58.8 billion, or 0.4 percent... in May, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) increased $18.3...Show More Summary
At 8:30, the Bureau of Economic Analysis will publish the May personal income and spending report. Included in this report is PCE, the Fed's preferred measure of inflation. Economists are expecting core PCE, which measures prices paid for consumer goods excluding food and energy, to climb 1.5% year-over-year. Show More Summary
The GDP news out Wednesday is sobering, with the worst contraction since the first quarter of 2009. But there's a silver lining to that GDP shrinkage—a good part of it comes from less health spending. The [Bureau of Economic Analysi]...Show More Summary
By Vahan Janjigian (Forbes): First, they tell us that the economy grew by 0.1 percent. Then, they revise that to a 1.0 percent contraction. Finally, for its third attempt, the Bureau of Economic Analysis (BEA) says the contraction in real GDP during the first quarter was actually 2.9 percent. Show More Summary
The Bureau of Economic Analysis revised real GDP growth down sharply for the first quarter in its latest revision. TheRead the Rest...
Healthcare spending plunged in the Bureau of Economic Analysis' latest estimate of first-quarter GDP growth, accounting for two-thirds of the revision that tumbled overall growth to -2.9%. In the BEA's first estimate of first-quarter growth, healthcare spending was projected to explode by 9.9%. Show More Summary
It just keeps getting worse. The government released its third estimate of economic activity during the first quarter, and it surpassed our wildest expectations -- in all the wrong ways. The Bureau of Economic Analysis said Wednesday morning that the economy actually shrank at an annualized rate of 2.9 percent over the winter, the worst reading […]
Stock futures have turned lower after Q1 GDP was revised down to an astonishing -2.9%. Dow futures are down 37 points, S&P 500 futures are down 3.5 points, and Nasdaq futures are down 9 points. The Bureau of Economic Analysis said that Q1 GDP fell at a 2.9% annualized rate, lower than the previous estimate of -1%. Show More Summary
Wisconsin’s economic growth has lagged behind that of most other states, according to the Bureau of Economic Analysis. The new report issued last week provides inflation-adjusted statistics on gross domestic product (GDP) in every state for each of the years from 2010 through 2013.
In late April, the Bureau of Economic Analysis released an advance estimate of first-quarter GDP that had one noticeably eye-popping statistic — spending on healthcare grew 9.9%, the biggest percent change in more than three decades....Show More Summary
The U.S. Bureau of Economic Analysis just recognized California for being in the top half for GDP growth by state in 2013. Governor Jerry Brown likes to crow about California being a leader in nation economic recovery and job growth....Show More Summary
I was remiss in not posting about this yesterday, but for the fourth time in a row, North Dakota lead the nation in economic growth according to the Bureau of Economic Analysis. You can read the full press release here. Here are some fun facts about North Dakota’s stunning economic growth: North Dakota’s GDP growth...
The Bureau of Economic Analysis and the Census Bureau said that the U.S. trade deficit widened from $44.18 billion inRead the Rest...
By Manning & Napier: The U.S. Economy The effects of a harsh winter were glaringly apparent in the Bureau of Economic Analysis' second estimate of first quarter growth in U.S. GDP. According to their report, the domestic economy contracted at a 1% annualized rate during the first three months of the year. Show More Summary