Archive for The Economy and You
With trade war fears riling markets and worrying farmers and manufacturers it’s a good time to check in with America’s trade balance stats. In fact, the goods and services deficit was $55.5 billion in October, up $0.9 billion from $54.6 billion in September, revised, according to the U.S. Census Bureau and the U.S. Bureau of Economic […]
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The U.S. economy has been growing briskly recently – but not all of this growth is spread evenly across the country. Some areas are growing fasters than others. New data from the Bureau of Economic Analysis tracks U.S. growth in 3,113 counties for the years 2012-2015. GDP by county statistics provide a richer picture not […]
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The government’s key measure of consumer inflation was unchanged in November on a seasonally adjusted basis after rising 0.3 percent in October, the U.S. Bureau of Labor Statistics reports. Specifically, the Consumer Price Index for All Urban Consumers (CPI-U) was unchanged in November. Over the last 12 months, the all items index increased 2.2 percent […]
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A key measure of consumer confidence dropped in November — just in time for the holiday shopping season. Specifically, The Conference Board Consumer Confidence Index declined in November, following an improvement in October. However, we can remain optimistic. “Despite a small decline in November, Consumer Confidence remains at historically strong levels,” said Lynn Franco, Senior Director […]
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When people pay their bills on time it’s a sign the economy is strong. When people stop paying their bills, consumer credit defaults rise and the experts know it’s time to prepare for a possible recession. It’s a good thing, then, to learn that most Americans are paying their bills on time. We learn this […]
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The Fed is pushing up interest rates, afraid that the strong economy will create inflation. So far, inflation is staying close to the 2.2 percent figure that economists target. For instance, the government reports that The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.3 percent in October on a seasonally adjusted basis after […]
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Real gross domestic product (GDP) increased in all 50 states and the District of Columbia in the second quarter of 2018, according to statistics released today by the U.S. Bureau of Economic Analysis. The percent change in real GDP in the second quarter ranged from 6.0 percent in Texas to 2.5 percent in Delaware. Information […]
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Labor productivity increased 2.2 percent during the third quarter of 2018, the U.S. Bureau of Labor Statistics reports. Output increased 4.1 percent and hours worked increased 1.8 percent. From the third quarter of 2017 to the third quarter of 2018, productivity increased just 1.3 percent, reflecting a 3.7-percent increase in output and a 2.4-percent increase […]
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Tightening credit conditions continued to squeeze consumer wallets in October, according to the car shopping experts at Edmunds. The annual percentage rate (APR) on new financed vehicles averaged 6.2 percent in October, a 1.3 percent increase from a year ago, a 2 percent increase from five years ago, and the highest level on record since January […]
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The U.S. economy grew at an annual rate of 3.5 percent in the third quarter of 2018, estimates the government’s Bureau of Economic Analysis. This follows a brisk 4.2 percent growth rate in the previous quarter. The Q3 growth rate was brisker than expected, and makes for the best back-to-back quarterly growth reports in over […]
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