Connect with Us

Feed aggregator

Gross Domestic Product by State, 2nd quarter 2016

BEA - News Release RSS - Wed, 12/07/2016 - 08:30
Real gross domestic product (GDP) increased in 41 states and the District of Columbia in the second quarter of 2016, according to statistics on the geographic breakout of GDP released today by the U.S. Bureau of Economic Analysis. Real GDP by state growth ranged from 4.3 percent in Nebraska to -5.6 percent in North Dakota. Transportation and warehousing; health care and social assistance; and professional, scientific, and technical services were the leading contributors to U.S. economic growth in the second quarter. Full Text
Categories: Economic Indicators

U.S. International Trade in Goods and Services, October 2016

BEA - News Release RSS - Tue, 12/06/2016 - 08:30
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 $42.6 billion in October, up $6.4 billion from $36.2 billion in September, revised. October exports were $186.4 billion, $3.4 billion less than September exports. October imports were $229.0 billion, $3.0 billion more than September imports. Full Text
Categories: Economic Indicators

Personal Income and Outlays, October 2016

BEA - News Release RSS - Wed, 11/30/2016 - 08:30
Personal income increased $98.6 billion (0.6 percent) in October according to estimates released today by the Bureau of Economic Analysis. Disposable personal income (DPI) increased $86.5 billion (0.6 per cent) and personal consumption expenditures (PCE) increased $38.1 billion (0.3 percent). Full Text
Categories: Economic Indicators

Gross Domestic Product for the Commonwealth of the Northern Mariana Islands (CNMI), 2015

BEA - News Release RSS - Tue, 11/29/2016 - 19:00
The estimates of GDP for the CNMI show that real GDP--GDP adjusted to remove price changes--increased 3.5 percent in 2015 after increasing 2.8 percent in 2014 (see Table 1.3). For comparison, real GDP for the United States (excluding the territories) increased 2.6 percent in 2015 after increasing 2.4 percent in 2014. Full Text
Categories: Economic Indicators

Updating Congress on Testing for the 2020 Census

CENSUS Directors Blog - Tue, 11/29/2016 - 11:09

Written by John H. Thompson

We’re continuing to make great progress at the U.S. Census Bureau in preparing for the 2020 Census. On Nov. 16, I was proud to testify before the U.S. House of Representatives Subcommittee on Government Operations that our preparations remain on track and on schedule. As of right now, we have made 259 of our 350, 2020 Census Operational Plan design decisions and the remaining are on schedule. We continue to work with the Government Accountability Office, receiving thoughtful input on our plans.

Census tests are critical to implementing the four key innovation areas that will make it easier for people to respond to the census, and save taxpayers more than $5 billion. From testing, we learn what works and what doesn’t, and we make adjustments. In September, we began testing our address canvassing procedures and systems in parts of Buncombe County, N.C., where Subcommittee Chairman Rep. Mark Meadows observed our field operations, and in parts of St. Louis, Mo.  As part of this test, we’re assessing methodologies and data sources to detect new residential developments, or to show neighborhoods that remain unchanged since the 2010 Census.

Earlier this year, we tested core census operations — including how we process, store and protect the data we receive from respondents — in Harris County, Texas, and Los Angeles County, Calif. It was a valuable learning experience with several notable successes. For example, we achieved a positive impact on response rates by using a letter as the first reminder; as in past census tests, we successfully matched a large majority of respondent addresses to our frame without a Census ID; we expanded our language support services to include Chinese and Korean; and we gained insight into several areas that we need to improve, such as better training for enumerators and better procedures for enumerators at multiunit structures, like apartment buildings.

In addition to the address canvassing test, the Census Bureau had been planning field test operations in 2017. Due to funding uncertainty, on Oct. 18, the Census Bureau was forced to announce that we’re stopping work on the Puerto Rico Census Test, as well as the field component of the 2017 Census Test in the Standing Rock Reservation in North and South Dakota and the Colville Reservation and Off-Reservation Trust Land in Washington state. These requirements and their related costs have been driven into potential consideration for incorporation into the 2018 End-to-End Census Test. Stopping these tests is not an ideal outcome for the operational risk of the 2018 End-to-End Census Test and the 2020 Census; but overall, it’s the best option, given the funding uncertainty.

It was an honor to testify before the Subcommittee on Government Operations and to answer lawmakers’ questions about our work. I thank the subcommittee for its continued support and interest in the 2020 Census. I am confident the Census Bureau will achieve its goal of counting everyone in America once, only once, and in the right place in 2020.

Gross Domestic Product, 3rd quarter 2016 (second estimate); Corporate Profits, 3rd quarter 2016 (preliminary estimate)

BEA - News Release RSS - Tue, 11/29/2016 - 08:30
Real gross domestic product increased at an annual rate of 3.2 percent in the third quarter of 2016, according to the "second" estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP increased 1.4 percent. Full Text
Categories: Economic Indicators

Local Area Personal Income, 2015

BEA - News Release RSS - Thu, 11/17/2016 - 08:30
Personal income grew in 2015 in 2,552 counties, fell in 548, and was unchanged in 13. On average, personal income rose 4.7 percent in 2015 in the metropolitan portion of the United States and rose 2.7 percent in the nonmetropolitan portion. Personal income growth in 2015 ranged from -30.3 percent in Sully County, South Dakota to 35.0 percent in Loving County, Texas. Full Text
Categories: Economic Indicators

U.S. International Trade in Goods and Services, September 2016

BEA - News Release RSS - Fri, 11/04/2016 - 08:30
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 $36.4 billion in September, down $4.0 billion from $40.5 billion in August, revised. September exports were $189.2 billion, $1.0 billion more than August exports. September imports were $225.6 billion, $3.0 billion less than August imports. Full Text
Categories: Economic Indicators

Gross Domestic Product by Industry, 2nd quarter 2016

BEA - News Release RSS - Thu, 11/03/2016 - 08:30
Transportation and warehousing; health care and social assistance; and professional, scientific, and technical services were the leading contributors to the increase in U.S. economic growth in the second quarter of 2016. According to gross domestic product (GDP) by industry statistics released by the Bureau of Economic Analysis, 15 of 22 industry groups contributed to the overall 1.4 percent increase in real GDP in the second quarter. Full Text
Categories: Economic Indicators

Personal Income and Outlays, September 2016

BEA - News Release RSS - Mon, 10/31/2016 - 08:30
Personal income increased $46.7 billion (0.3 percent) in September according to estimates released today by the Bureau of Economic Analysis. Disposable personal income (DPI) increased $37.0 billion (0.3 percent) and personal consumption expenditures (PCE) increased $61.0 billion (0.5 percent). Full Text
Categories: Economic Indicators

Gross Domestic Product, 3rd quarter 2016 (advance estimate)

BEA - News Release RSS - Fri, 10/28/2016 - 08:30
Real gross domestic product increased at an annual rate of 2.9 percent in the third quarter of 2016, according to the "advance" estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP increased 1.4 percent. Full Text
Categories: Economic Indicators

U.S. Census Bureau Announces Changes to 2017 Field Tests

CENSUS Directors Blog - Tue, 10/18/2016 - 15:15

Written by: John H. Thompson

Today, the U.S. Census Bureau announced that it will stop plans to test field operations in Puerto Rico, the Standing Rock Reservation in North and South Dakota, and the Colville Reservation and Off-Reservation Trust Land in Washington State in 2017. Instead, we will consider including these sites in our 2018 End-to-End Census Test.

We did not make this decision lightly; we’re less than one year from beginning field work on the 2018 End-to-End Census Test – the final, major test for the 2020 Census. But as we enter FY 2017, we don’t have clarity about our funding for the year. Based on what we know now, the proposed funding levels require us to prioritize other activities in 2017 rather than expend the resources necessary to conduct the two field tests we had planned for 2017.

Given the current uncertainty about FY 2017 funding, the Census Bureau will not continue expending resources to prepare for the 2017 field tests. Continuing amid such uncertainty would all but guarantee wasted efforts and resources. It would risk our readiness for the 2018 End-to-End Census Test; more than $5 billion in cost avoidance; and the high data quality of the 2020 Census – and those are risks we aren’t willing to take.

While we will not conduct these field operations in 2017, we will consider testing them in 2018. Also, we must re-plan the 2017 Census Test to only include the activities necessary to ensure we are best prepared for the 2018 End-to-End Census Test – the national self-response component including the real-time non-ID operation, the use of Census Questionnaire Assistance, and internet collection using Cloud technology.

This decision lets us focus our 2017 program resources on operational and systems readiness, including integrating, securing, and testing our systems. It ensures that we can smoothly deploy the integrated suite of 2020 Census systems in time for the 2018 End-to-End Census Test.

For more information about the Census Bureau’s decision to postpone the 2017 Census Test on tribal lands and the 2017 Puerto Rico Census Test, see our decision memo. You can follow along with all of our preparations for the 2020 Census at www.census.gov/2020census.

Showcasing American Manufacturing With U.S. Census Bureau Data

CENSUS Directors Blog - Fri, 10/07/2016 - 09:44

Written by: John H. Thompson

Today is Manufacturing Day, a nationwide observance of the businesses and workers that manufacture everything from textiles to machinery to food. It’s also an opportunity to showcase an important sector of the U.S. economy. Manufacturers are America’s fourth-largest employer — with 11.4 million employees across the nation and an annual payroll of $639.9 billion — and produce trillions of dollars in shipments annually.

This week, we’ve featured Census Bureau data on manufacturing here on census.gov. Part of the mission of Manufacturing Day is to address common misconceptions about manufacturing. As the premiere source of statistics on the American economy, the Census Bureau is in a unique position to be able to use data to show the state of manufacturing today.

For example, findings from the economic census provide detail on the number of manufacturing establishments, employment, payroll, receipts, value of shipments, expenses, assets and many other topics on 364 manufacturing industries. The Annual Survey of Manufactures provides sample estimates of statistics for manufacturing establishments. We have monthly reports on Manufacturers’ Shipments, Inventories, and Orders and Manufacturing and Trade Inventory and Sales, as well as other monthly, quarterly and annual reports on a host of subjects.

Through Census Bureau data sources — in this case, the Manufacturers’ Shipments, Inventories, and Orders (M3) report — we know that new orders for manufactured durable goods in August 2016 increased by $0.7 billion, or 0.2 percent, to $453.1 billion. We also know that, according to the 2014 Annual Survey of Manufactures, transportation equipment manufacturing has the most employees (1.42 million) and the largest value of shipments ($903.3 billion), and that the three states with the most manufacturing employees in 2014 were California, Texas and Ohio —with California topping the list with 1.11 million manufacturing employees.

These data, and many more, can help businesses plan and grow. Through blog posts and infographics, we’ve given you an inside look at trends in employment and receipts, how manufacturing contributes to international trade, and many more topics. Check it all out at <www.census.gov/topics/business/manufacturing/day.html>.Happy Manufacturing Day!

 

Providing Information for Emergency Preparedness as Hurricane Matthew Approaches

CENSUS Directors Blog - Thu, 10/06/2016 - 14:26

Written by: John H. Thompson

As millions of Americans prepare for Hurricane Matthew this week, the U.S. Census Bureau’s OnTheMap for Emergency Management tool provides federal, state and local emergency management officials access to statistics about communities in the storm’s path.

OnTheMap for Emergency Management is web-based resource that provides a live view of selected emergencies and weather events in the U.S., 24 hours a day, 7 days a week. It automatically incorporates real-time updates from federal sources so you can view the potential effects of hurricanes (and other disasters) on America’s population and workforce. The Census Bureau and the National Oceanic and Atmospheric Administration have worked together to bring you this real-time data.

This tool uses rich, local socioeconomic and demographic statistics from the American Community Survey and other Census Bureau data sources to give a detailed look at affected areas. It gives you information on the number of people potentially affected by a storm, as well as some of their characteristics down to the neighborhood level – for example, what percentage of residents are 65 or older, or what local employment patterns look like. The Census Bureau provides vital economic and demographic data to federal and local emergency management agencies, which can use this information to better assess hurricanes’ impact on coastal populations. For example, following Super Storm Sandy, New Jersey officials used our data to estimate the volume of traffic in affected areas.

In addition, the Census Bureau will be providing even more data from the Economic Census, County Business Patterns, the American Community Survey, Survey of Business Owners, and Nonemployer Statistics to supplement OnTheMap for Emergency Management. Check our Emergency Preparedness page for the most recent updates.

If you live in a hurricane-prone area, you can find safety and preparedness tips at www.ready.gov/hurricanes. You can also visit the National Hurricane Center for the latest Hurricane Matthew forecasts and follow the National Weather Service for active weather alerts.

coastline

U.S. International Trade in Goods and Services, August 2016

BEA - News Release RSS - Wed, 10/05/2016 - 08:30
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 $40.7 billion in August, up $1.2 billion from $39.5 billion in July, revised. August exports were $187.9 billion, $1.5 billion more than July exports. August imports were $228.6 billion, $2.6 billion more than July imports. Full Text
Categories: Economic Indicators

Personal Consumption Expenditures by State, 2015

BEA - News Release RSS - Tue, 10/04/2016 - 08:30
Growth in state personal consumption expenditures (PCE) - the measure of goods and services purchased by or on behalf of households - decelerated to 3.6 percent on average in 2015 from 4.4 percent in 2014. In 2015, PCE growth ranged from 1.5 percent in Wyoming to 5.0 percent in Florida. Full Text
Categories: Economic Indicators

Personal Income and Outlays, August 2016

BEA - News Release RSS - Fri, 09/30/2016 - 08:30
Personal income increased $39.3 billion (0.2 percent) in August according to estimates released today by the Bureau of Economic Analysis. Disposable personal income (DPI) increased $31.9 billion (0.2 percent) and personal consumption expenditures (PCE) increased $6.2 billion (less than 0.1 percent). Full Text
Categories: Economic Indicators

Gross Domestic Product, 2nd quarter 2016 (third estimate); Corporate Profits, 2nd quarter 2016 (revised estimate)

BEA - News Release RSS - Thu, 09/29/2016 - 08:30
Real gross domestic product increased at an annual rate of 1.4 percent in the second quarter of 2016 (table 1), according to the "third" estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP increased 0.8 percent. Full Text
Categories: Economic Indicators

State Quarterly Personal Income, 2nd quarter 2016; State Annual Personal Income, 2015

BEA - News Release RSS - Wed, 09/28/2016 - 08:30
State personal income growth accelerated to 1.0 percent on average in the second quarter of 2016 from 0.3 percent in the first quarter, according to estimates released today by the U.S. Bureau of Economic Analysis. Full Text
Categories: Economic Indicators

U.S. International Investment Position, 2nd quarter 2016

BEA - News Release RSS - Tue, 09/27/2016 - 08:30
The U.S. net international investment position at the end of the second quarter of 2016 was -$8,042.8 billion (preliminary), according to statistics released today by the Bureau of Economic Analysis. At the end of the first quarter, the net position was -$7,582.0 billion (revised). The $460.8 billion decrease in the net position reflected a $864.9 billion increase in the value of U.S. liabilities that exceeded a $404.1 billion increase in the value of U.S. assets. Full Text
Categories: Economic Indicators

Pages

Subscribe to Economics &amp; Statistics Administration aggregator
Subscribe

Subscribe to Economic Indicators

Subscribe with your email address to stay up-to-date with our economic indicators!

Go to top