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U.S. Bureau of Economic Analysis
U.S. International Trade in Goods and Services, July 2015
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 July, down $3.3 billion from $45.2 billion in June, revised. July exports were $188.5 billion, $0.8 billion more than June exp......
Gross Domestic Product by State, 1st Quarter of 2005 through 4th quarter of 2014 (prototype statistic)
Today, the U.S. Bureau of Economic Analysis (BEA) is releasing prototype quarterly gross domestic product (GDP) by state statistics for 2005-2014. The new data are intended to provide a fuller description of the accelerations, decelerations, and turning points in economic growth at the state level, ......
Personal Income and Outlays, July 2015
Personal income increased $67.1 billion, or 0.4 percent, and disposable personal income (DPI) increased $61.5 billion, or 0.5 percent, in July, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) increased $37.4 billion, or 0.3 percent. In June, personal income inc......
Gross Domestic Product, 2nd quarter 2015 (second estimate); Corporate Profits, 2nd quarter 2015 (preliminary estimate)
Real gross domestic product -- the value of the goods and services produced by the nation's economy less the value of the goods and services used up in production, adjusted for price changes -- increased at an annual rate of 3.7 percent in the second quarter of 2015, according to the "second" estima......
Gross Domestic Product by Industry, 1st quarter, 2015
A deceleration in nondurable goods manufacturing and downturns in both professional, scientific, and technical services and wholesale trade were the leading contributors to the downturn in U.S. economic growth in the first quarter of 2015, according to statistics on the breakout of GDP by industry r......
Real Personal Income for States and Metropolitan Areas, 2013
Real personal income across all regions rose by an average of 0.8 percent in 2013. This growth rate reflects the year-over-year change in nominal personal income across all regions adjusted by the change in the national personal consumption expenditures (PCE) price index. On a nominal basis, persona......
U.S. International Investment Position, 1st quarter 2015, Year 2014, and Annual Revisions
The U.S. net international investment position at the end of the first quarter of 2015 was -$6,794.0 billion (preliminary), as the value of U.S. liabilities exceeded the value of U.S. assets. At the end of the fourth quarter of 2014, the net position was -$7,019.7 billion (revised). The $225.7 bil......
Travel and Tourism Satellite Accounts, 1st quarter 2015
Real spending (output) on travel and tourism decelerated in the first quarter of 2015, increasing at an annual rate of 2.0 percent after increasing 4.9 percent (revised) in the fourth quarter of 2014. By comparison, real gross domestic product (GDP) turned down, decreasing 0.7 percent (second estim......
State Quarterly Personal Income, 1st quarter 2014 - 1st quarter 2015
State personal income grew 0.9 percent on average in the first quarter of 2015, after growing 1.1 percent in the fourth quarter of 2014, according to estimates released today by the U.S. Bureau of Economic Analysis. Personal income grew in 46 states and growth accelerated in 15 of those states. The ......
U.S. International Transactions, 1st quarter 2015 and Annual Revisions
The U.S. current-account deficit-a net measure of transactions between the United States and the rest of the world in goods, services, primary income (investment income and compensation), and secondary income (current transfers)-increased to $113.3 billion (preliminary) in the first quarter of 2015 ......
Courtesy bea.gov

Economy News
China could really hurt Democrats in 2016
The Obama economy was supposed to be a selling point for Democrats. But China is rising fears of a global slowdown.




Up in the air: Fed rate hike remains unclear
Experts are still divided about whether the Federal Reserve will raise its key interest rate in two weeks.




U.S. unemployment rate hits 5.1%, lowest in 7 years
U.S. economy added 173,000 jobs in August, which while healthy, may not be enough for a rate hike from the Federal Reserve.




Fighting inequality with bread
Read full story for latest details.




Bernie Sanders says new jobs are lousy
Read full story for latest details.




This is the city with the highest minimum wage in America
Impatient with Washington, cities across the U.S. have raised the minimum age for their workers. But none has gone as high as Emeryville, California.



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Should the government boost low-wage workers' paychecks?
Forget about raising the minimum wage or giving low-income earners a big tax credit. Oren Cass of the Manhattan Institute thinks the government should supplement every paycheck a low-wage worker gets.


Princess Charlotte: Worth $5 billion after four months
Read full story for latest details.




Courtesy cnn.com




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