Bureau of Economic Analysis

Compensation declined in two-thirds of the 3,113 counties in the U.S. in 2009, according to statistics released today by the U.S. Bureau of Economic Analysis (BEA). Total compensation of U.S. workers contracted 3.2 percent in 2009, as a decline in employment more than offset the increase in average annual compensation per job, which grew 1.2 percent to $56,962. Inflation measured by the national price index for personal consumption…

QUARTERLY TOURISM ESTIMATES WILL NOT BE DISCONTINUED (SEE THE BOX NEXT RELEASE)

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Real spending on travel and tourism increased at an annual rate of 8.0 percent in 2010:3, following an increase of 3.4 percent (revised) in 2010:2. By comparison, real gross domestic product (GDP) increased 2.5 percent (second estimate) in 2010:3 after increasing 1.7 percent in 2010:2. While tourism spending…

WASHINGTON DC, December 17, 2010 - State personal income growth slowed to an average 0.7 percent in the third quarter of 2010 down from 1.4 percent in the second quarter, according to estimates released today by the U.S. Bureau of Economic Analysis. The slowdown was spread widely across the country with growth decelerating in 41 states, unchanged in 3, and accelerating in 6 states. The national price index for personal consumption…

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Revised Statistics of Gross Domestic Product by Industry for 2007-2009

Downturns in durable-goods manufacturing and professional, scientific, and technical services along with the continued contraction of construction were among the leading contributors to the decline in U.S. economic growth in 2009, according to revised statistics on the breakout of real gross domestic product (GDP) by industry from the Bureau of Economic Analysis.

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Personal income increased $57.6 billion, or 0.5 percent, and disposable personal income (DPI) increased $48.3 billion, or 0.4 percent, inOctober, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) increased $44.0 billion, or 0.4 percent.

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 2.5 percent in the third quarter of 2010, (that is, from the second quarter to the third quarter), according to the "second" estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP increased 1.7 percent. The GDP estimates released today are based on…

EMBARGOED UNTIL RELEASE AT 8:30 A.M. EST, THURSDAY, NOVEMBER 18, 2010

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