Personal income increased 0.2 percent in February after increasing 0.5 percent in January. Wages and salaries, the largest component of personal income, decreased 0.1 percent in February after increasing 0.6 percent in January.
The BEA Wire | BEA's Official Blog
GDP Increases in Fourth Quarter
Real gross domestic product (GDP) increased 1.4 percent in the fourth quarter of 2015, according to the “third” estimate released by the Bureau of Economic Analysis. The growth rate was 0.4 percent point more than the “second” estimate released last month.
State Personal Income: Fourth Quarter 2015
State personal income grew 0.8 percent on average in the fourth quarter of 2015, down from 1.0 percent in the third quarter.
State Personal Income 2015
State personal income grew on average 4.4 percent in 2015, the same rate as in 2014. Growth of state personal income—the sum of net earnings by place of residence, property income, and personal current transfer receipts—ranged from -0.2 percent in North Dakota to 6.3 percent in California.
Travel and Tourism Spending Decelerated in Fourth Quarter of 2015
Inflation adjusted spending (or output) on travel and tourism decelerated in the fourth quarter of last year, increasing at an annual rate of 1.7 percent, after rising 4.5 percent in the third quarter.
January 2016 Trade Gap is $45.7 Billion
The U.S. monthly international trade deficit increased in January 2016 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $44.7 billion in December (revised) to $45.7 billion in January, as exports decreased more than imports.
Retail Trade Led Growth Across States in the Third Quarter
Real gross domestic product (GDP) increased in 47 states and the District of Columbia in the third quarter of 2015, according to statistics on the geographic breakout of GDP released today by the Bureau of Economic Analysis. Overall, U.S.
Northern Mariana Islands' Economy Grows for Third Straight Year
The economy of the Northern Mariana Islands expanded in 2014, marking the third consecutive year of growth.
Personal Income Rises in January
Personal income increased 0.5 percent in January after increasing 0.3 percent in December. Wages and salaries, the largest component of personal income, increased 0.6 percent in January after increasing 0.2 percent in December.
GDP Increases in Fourth Quarter
Real gross domestic product (GDP) increased 1.0 percent in the fourth quarter of 2015, according to the “second” estimate released by the Bureau of Economic Analysis. In the third quarter, real GDP increased 2.0 percent.