December 5, 2022 | The BEA Wire
Vipin Arora was named the new Director of the Bureau of Economic Analysis, bringing decades of economic experience to the post. His new status is effective immediately.
Before joining BEA, Dr. Arora was acting Deputy Assistant Director of the Social, Behavioral and Economic Sciences Directorate at the National Science Foundation (NSF). He also served as Deputy Director of the NSF’s National Center for Science and Engineering…
December 1, 2022 | The BEA Wire
Personal income increased $155.3 billion, or 0.7 percent at a monthly rate, while consumer spending increased $147.9 billion, or 0.8 percent, in October. The increase in personal income primarily reflected increases in compensation and personal current transfer receipts. The personal saving rate (that is, personal saving as a percentage of disposable personal income) was 2.3 percent in October, compared with 2.4 percent in September.
December 1, 2022 | News Release
Personal income increased $155.3 billion, or 0.7 percent at a monthly rate, while consumer spending increased $147.9 billion, or 0.8 percent, in October. The increase in personal income primarily reflected increases in compensation and personal current transfer receipts. The personal saving rate (that is, personal saving as a percentage of disposable personal income) was 2.3 percent in October, compared with 2.4 percent in September.
November 30, 2022 | The BEA Wire
Real gross domestic product (GDP) increased at an annual rate of 2.9 percent in the third quarter of 2022, in contrast to a decrease of 0.6 percent in the second quarter. The increase in the third quarter primarily reflected increases in exports and consumer spending that were partly offset by a decrease in housing investment.
November 30, 2022 | News Release
Real gross domestic product (GDP) increased at an annual rate of 2.9 percent in the third quarter of 2022, in contrast to a decrease of 0.6 percent in the second quarter. The increase in the third quarter primarily reflected increases in exports and consumer spending that were partly offset by a decrease in housing investment.
Profits decreased 1.1 percent at a quarterly rate in the third quarter after increasing 4.6 percent in the
second…
November 18, 2022 | The BEA Wire
Worldwide employment by U.S. multinational enterprises (MNEs) decreased 1.8 percent to 42.4 million workers in 2020 from 43.2 million workers in 2019.
November 18, 2022 | News Release
Worldwide employment by U.S. multinational enterprises (MNEs) decreased 1.8 percent to 42.4 million workers in 2020 (preliminary) from 43.2 million workers in 2019 (revised), according to statistics released today by the U.S. Bureau of Economic Analysis (BEA) on the operations and finances of U.S. parent companies and their foreign affiliates.
November 16, 2022 | The BEA Wire
In 2021, personal income increased in 3,075 counties, decreased in 36, and was unchanged in 3. Personal income increased 7.4 percent in the metropolitan portion of the United States and 7.7 percent in the nonmetropolitan portion.
November 16, 2022 | News Release
In 2021, personal income increased in 3,075 counties, decreased in 36, and was unchanged in 3. Personal income increased 7.4 percent in the metropolitan portion of the United States and 7.7 percent in the nonmetropolitan portion.
November 9, 2022 | The BEA Wire
The outdoor recreation economy accounted for 1.9 percent ($454.0 billion) of current-dollar gross domestic product (GDP) for the nation in 2021. At the state level, outdoor recreation value added as a share of GDP ranged from 4.8 percent in Hawaii to 1.3 percent in New York and Connecticut. The share was 0.9 percent in the District of Columbia.
