March 26, 2017

Economic Growth Decelerates in 1st Quarter

During the first quarter of 2011, the US economy recorded positive growth, yet the rate of growth decelerated and was relatively sluggish. Total output of the US economy grew at an annual rate of 1.8% in the first quarter, according to the advanced estimate of the gross domestic product [.pdf] released today from the Bureau […]

US Economy Expands in 4th Quarter

During the 4th quarter of 2010, the US economy grew at an annual rate of 3.2%, according to an advanced estimate of the gross domestic product released today [.pdf] from the Bureau of Economic Analysis (revised to 3.1% on Mar. 25). GDP growth during the 4th quarter grew more than the previous two quarters, when […]

GDP Drops in 38 States

During 2009, the gross domestic product dropped in 38 states, according to an annual report [.pdf] released today from the Bureau of Economic Analysis. Measuring the GDP in states is different than the national GDP because data for each state excludes federal military activity and also civilian activity outside the country. Nevada suffered the greatest […]

Gross Domestic Product Edges Up

Following a 1.7% growth rate in the gross domestic product in the 2nd quarter, the GDP grew 2.0% in the 3rd quarter, according to a report [.pdf] released today from the Bureau of Economic Analysis. This rate of growth, however, is sluggish in comparison to the past. The typical GDP growth rate over the past […]

Income Levels Rise in August

After decreasing .2% in July, real disposable income – one’s income after inflation adjustments – rose .2% in August. This level of income is 4.4% higher than August of 2009. Despite this rise, however, income in 48 of the 50 states has not recovered to the level before the recession. Additionally, teachers were not among […]

Corporate Profit Climbs

Corporations profited $1.614 trillion in the 2nd Quarter of 2010 – the 2nd most profitable quarter of all time. The only quarter with more corporate profits is the 3rd Quarter of 2006, which saw $1.655 trillion in profit. According to statistics [.pdf] released from the Bureau of Economic Analysis, petroleum and coal products had the […]

Tourism Employment Stabilizes

After 8 consecutive quarters of job losses, employment related to the tourism industry grew 2.2% in the 2nd Quarter of 2010. Additionally, tourist expenditures increased 3.9% in the 2nd Quarter, according to the Bureau of Economic Analysis. Despite these positive results, employment in the tourism industry has declined 6.2% since the beginning of 2008, as […]

Energy Statistics Show a Trend

With the current recession approaching its 3-year anniversary, several indicators of the economy show that energy is becoming more expensive, especially in the past 2 months. First, consumer prices of every type of energy rose in August, with gasoline increasing the most at 3.9%, as the chart below shows. Second, domestic production energy prices also […]