After two quarters in negative territory, real U.S. gross domestic product swung positive in the third quarter, according to the first (advance) estimate released by the Bureau of Economic Analysis Thursday.
Tag: Jay Bryson
GDP: 2Q Pace of Slowing Decreases
The U.S. economy continued to slow in the second quarter, the Bureau of Economic Analysis reported Thursday, although not at a pace as dramatically earlier this summer.
Solid Jobs Report Move Employment, Unemployment Rate to Pre-Pandemic Levels
Total nonfarm employment jumped by 528,000 jobs in July, more than double consensus expectations and pushing the unemployment rate to 3.5 percent, the Bureau of Labor Statistics reported Friday.
Mixed Bag as 1Q GDP Revises to -1.5%
Real gross domestic product decreased at an annual rate of 1.5 percent in the first quarter, according to the “second” (revised) estimate Thursday by the Bureau of Economic Analysis.
GDP Report Shows Economy Roaring Along, but Inflation Taking Bite Out of Profits
U.S. gross domestic product fired on all cylinders in the fourth quarter, the Bureau of Economic Analysis reported Wednesday, although rising prices cut into corporate profits.
Supply Chain Issues Show Up in 3Q Gross Domestic Product
We’ve been hearing a lot of news lately about the U.S. economy being hamstrung by supply chain issues. On Thursday, the Bureau of Economic Analysis appeared to quantify those issues.
2nd Quarter GDP Stays Hot; Corporate Profits Surge
Real gross domestic product continued its hot pace in the second quarter, according to the second (revised) estimate released Thursday by the Bureau of Economic Analysis.
2Q GDP Heats Up Some More
Real gross domestic product increased at an annual rate of 6.5 percent in the second quarter, according to the “advance” (first) estimate reported Thursday by the Bureau of Economic Analysis.
2nd Look at 1Q GDP Unchanged at 6.4%
Second verse, same as the first: The Bureau of Economic Analysis on Thursday said its second (revised) estimate of 1st quarter gross domestic product showed economic growth increased at an annual rate of 6.4 percent, unchanged from its first estimate in April.
1Q GDP Report Shows Accelerating Economy
Real gross domestic product increased at an annual rate of 6.4 percent in the first quarter—the fastest such pace in more than 36 years—according to the first (advance) estimate released yesterday by the Bureau of Economic Analysis.