In the first quarter of 2012, defense spending declined at an 8.1 percent annual rate, reflecting decreases in compensation of employees (accompanying a drop in the number of active-duty military personnel), in purchases of goods and services, and in investment for defense equipment.
The BEA Wire | BEA's Official Blog
Manufacturing Led Growth In 2011
Durable-goods manufacturing, professional, scientific, and technical services, and information services were the leading contributors to U.S.
Small Counties See Fastest Growth in Personal Incomes for 2010
Small counties registered the fastest growth in personal incomes in 2010, new data from the U.S. Bureau of Economic Analysis show.
A New Snapshot of Multinational Firms
Worldwide employment by U.S. multinational companies increased 0.5 percent in 2010 to 34.0 million workers, with increases in both the United States and abroad, new numbers released by the U.S. Bureau of Economic Analysis show.
February 2012 Trade Gap is $46.0 Billion
The U.S. monthly international trade deficit decreased in February 2012, according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $52.5 billion (revised) in January to $46.0 billion in February, as imports decreased and exports increased.
GDP and the National Accounts: One of the Great Inventions of the 20th Century
BEA Director Steve Landefeld