12/02/2021

News

Personal Income and Outlays, December 2014

Personal income increased $41.3 billion, or 0.3 percent, and disposable personal income (DPI) increased $35.8 billion, or 0.3 percent, in December, according to the Bureau of Economic Analysis.  Personal consumption expenditures (PCE) decreased $40.0 billion, or 0.3 percent.  In November, personal income increased $47.2 billion, or 0.3 percent, DPI increased $34.2 billion, or 0.3 percent, and PCE increased $58.8 billion, or 0.5 percent, based on revised estimates.

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National Income and Product Accounts, Gross Domestic Product: Fourth Quarter and Annual 2014 (Advance Estimate)

Real gross domestic product — the value of the production of goods and services in the United States, adjusted for price changes — increased at an annual rate of 2.6 percent in the fourth quarter of 2014, according to the “advance” estimate released by the Bureau of Economic Analysis.  In the third quarter, real GDP increased 5.0 percent.

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U.S. International Trade in Goods and Services, November 2014

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. November exports were $196.4 billion, $2.0 billion less than October exports. November imports were $235.4 billion, $5.2 billion less than October imports.

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State Personal Income: Third Quarter 2014

State personal income growth averaged 1.0 percent in the third quarter of 2014, down from 1.2 percent in the second quarter, according to estimates released today by the U.S. Bureau of Economic Analysis. Growth in personal income–the sum of net earnings by place of residence, property income, and personal current transfer receipts–slowed in 38 states and in the District of Columbia. The percent change across states ranged from -0.2 percent in South Dakota (the only state with a decline) to 1.4 percent in Texas. Inflation, as measured by the national price index for personal consumption expenditures, slowed to 0.3 percent in the third quarter from 0.6 percent in the second quarter.

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Local Area Personal Income, 2013

Personal income is the income that is available to persons for consumption expenditures, taxes, interest payments, transfer payments to governments and the rest of the world, or for saving. Personal income for 2013 ranged from $3.8 million in Loving County, Texas to $466.1 billion in Los Angeles County, California. Per capita personal income—personal income divided by population—is a useful metric for making comparisons of the level of personal income across counties. Per capita personal income for 2013 ranged from $17,536 in Telfair County, Georgia to $121,632 in New York County, New York.

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Widespread Growth Across Industries in Second Quarter 2014

Real gross domestic product (GDP) increased at an annual rate of 4.6 percent in the second quarter of 2014, after decreasing 2.1 percent in the first quarter. Both private goods- and services-producing industries contributed to the increase, while the government sector decreased. Durable‐goods manufacturing; finance and insurance; and retail trade were the leading contributors.

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US International Trade in Goods and Services, September 2014

. . . total September exports of $195.6 billion and imports of $238.6 billion resulted in a goods and services deficit of $43.0 billion, up from $40.0 billion in August, revised. September exports were $3.0 billion less than August exports of $198.6 billion. September imports were $0.1 billion more than August imports of $238.6 billion.

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Personal Income and Outlays, September 2014

Personal income increased $22.7 billion, or 0.2 percent, and disposable personal income (DPI) increased $15.7 billion, or 0.1 percent, in September, according to the Bureau of Economic Analysis.  Personal consumption expenditures (PCE) decreased $19.0 billion, or 0.2 percent.  In August, personal income increased $50.7 billion, or 0.3 percent, DPI increased $37.5 billion, or 0.3 percent, and PCE increased $58.7 billion, or 0.5 percent, based on revised estimates.

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Gross Domestic Product, 3rd quarter 2014 (advance estimate)

Real gross domestic product — the value of the production of goods and services in the United States, adjusted for price changes — increased at an annual rate of 3.5 percent in the third quarter of 2014, according to the “advance” estimate released by the Bureau of Economic Analysis.  In the second quarter, real GDP increased 4.6 percent.

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State Personal Income; Second Quarter 2014 with Annual Revisions

State personal income growth accelerated to 1.5 percent in the second quarter of 2014 from 1.2 percent in the first quarter. Personal income growth ranged from 2.7 percent in North Dakota and Nebraska to 1.1 percent in New York and Alaska, with growth accelerating in 36 states. . . For the second consecutive quarter, the earnings increase in Texas was larger than the increase in every other state. Earnings in Texas, which accounted for 8.9 percent of the nation, grew $19.2 billion in the second quarter. Earnings in California, which accounted for 13.2 percent of the nation, grew $16.9 billion.

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GDP, 2nd quarter 2014 (third est); Corporate Profits, 2nd quarter 2014 (revised est)

Real gross domestic product — the output of goods and services produced by labor and property located in the United States — increased at an annual rate of 4.6 percent in the second quarter of 2014,  according to the “third” estimate released by the Bureau of Economic Analysis.  In the first quarter, real GDP decreased 2.1 percent.

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GDP, 2nd quarter 2014 (third est); Corporate Profits, 2nd quarter 2014 (revised est)

Real gross domestic product — the output of goods and services produced by labor and property located in the United States — increased at an annual rate of 4.6 percent in the second quarter of 2014,  according to the “third” estimate released by the Bureau of Economic Analysis.  In the first quarter, real GDP decreased 2.1 percent.

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Economic Growth Widespread Across Metropolitan Areas in 2013

Real GDP increased in 292 of the nation’s 381 metropolitan areas in 2013, led by widespread growth in finance, insurance, real estate, rental, and leasing, nondurable-goods manufacturing, and professional and business services, according to new statistics released today by the U.S. Bureau of Economic Analysis. Natural resources and mining also spurred strong growth in several metropolitan areas. Collectively, real GDP for U.S. metropolitan areas increased 1.7 percent in 2013 after increasing 2.6 percent in 2012.

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2014 Thumbtack.com Small Business Friendliness Survey

The Thumbtack.com Small Business Friendliness Survey is an annual, nationwide survey that asks ownerCoperators of small businesses about what it’s like to do business where they live. The survey aims to learn what creates a healthy, vibrant local business environment by asking the ownerCoperators of small businesses themselves about these issues. This year we use the survey data to grade 38 states and 82 metropolitan regions according to their performance along various metrics.

Research & Studies
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Personal Consumption Expenditures by State, 1997-2012

Today, the U.S. Bureau of Economic Analysis released prototype estimates of personal consumption expenditures (PCE) for states for 1997-2012. These new estimates provide insight into household spending patterns across states that can be used together with other regional data to gain a better understanding of regional economies.

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