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Jun 27, 2024 · BEA produces some of the most closely watched economic statistics that influence decisions of government officials, business people, and individuals. These statistics provide a comprehensive, up-to-date picture of the U.S. economy. The data on this page are drawn from featured BEA economic accounts.
The American economy is fueled by high productivity, well developed transportation infrastructure, and extensive natural resources. [49] Americans have the sixth highest average household and employee income among OECD member states. [50] In 2021, they had the highest median household income. [51]
United States - Monthly Data. (1) In percent, seasonally adjusted. Annual averages are available for Not Seasonally Adjusted data. (2) Number of jobs, in thousands, seasonally adjusted. (3) Average Hourly Earnings for all employees on private nonfarm payrolls.
How is the US economy doing? US gross domestic product (GDP) increased 1.9% in 2022 and another 2.5% in 2023. Year-over-year inflation — the rate at which consumer prices increase — was 3.1% in January 2023. The Federal Reserve raised interest rates seven times in 2022 and four times in 2023.
Dec 12, 2022 · Find statistics and data trends about the American economy, including the GDP growth, recent jobs and employment reports, investments in small businesses, wealth distribution, and price inflation.
Sep 13, 2022 · The U.S. economy is in a strange place right now. Job growth is slowing, but demand for workers is strong. Inflation is high (but not as high as last spring).
Jan 25, 2024 · The U.S. economy grew substantially faster in the final months of 2023 than forecasters had expected. For all of last year, the economy grew 3.1% — defying forecasts of a likely recession.
GDP outlook. Powell says Fed has made progress on inflation but needs more confidence before cutting. Jeff Cox Tue, Jul 2nd 2024. Florida, California insurance crisis is spreading. Your state could...
Jul 3, 2024 · The U.S. goods and services trade deficit increased in May 2024 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $74.5 billion in April (revised) to $75.1 billion in May, as exports decreased more than imports.
Jun 27, 2024 · In the fourth quarter of 2023, real GDP increased 3.4 percent. The increase in the first quarter primarily reflected increases in consumer spending, housing investment, business investment, and state and local government that were partly offset by a decrease in inventory investment.
