Personal Income and Outlays, October 2021

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Personal income increased $93.4 billion, or 0.5 percent at a monthly rate, while consumer spending increased $214.3 billion, or 1.3 percent, in October. The increase in personal income primarily reflected an increase in compensation of employees. The personal saving rate (that is, personal saving as a percentage of disposable personal income) was 7.3 percent in October, compared with 8.2 percent in September. Full Text

Published November 24, 2021 at 11:00PM
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Gross Domestic Product, 3rd Quarter 2021 (Second Estimate); Corporate Profits, 3rd Quarter 2021 (Preliminary Estimate)

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Real gross domestic product (GDP) increased at an annual rate of 2.1 percent in the third quarter of 2021, following an increase of 6.7 percent in the second quarter. The increase was revised up 0.1 percentage point from the "advance" estimate released in October. The deceleration in real GDP in the third quarter was led by a slowdown in consumer spending. A resurgence of COVID-19 cases resulted in new restrictions and delays in the reopening of establishments in some parts of the country. In the third quarter, government assistance payments in the form of forgivable loans to businesses, grants to state and local governments, and social benefits to households all decreased.Corporate profits from current production Profits increased 4.3 percent at a quarterly rate in the third quarter after increasing 10.5 percent in the second quarter. Full Text

Published November 24, 2021 at 09:30PM
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Personal Income by County and Metropolitan Area, 2020

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In 2020, personal income increased in 3,040 counties, decreased in 69, and was unchanged in 3, according to estimates released today by the U.S. Bureau of Economic Analysis (BEA). Personal income increased 6.4 percent in the metropolitan portion of the United States and increased 7.6 percent in the nonmetropolitan portion. Full Text

Published November 16, 2021 at 09:30PM
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Activities of U.S. Multinational Enterprises, 2019

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Worldwide employment by U.S. multinational enterprises (MNEs) increased 2.4 percent to 43.9 million workers in 2019 from 42.9 million workers in 2018, 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. Full Text

Published November 12, 2021 at 09:30PM
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Outdoor Recreation Satellite Account, U.S. and States, 2020

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The new U.S. data show that the outdoor recreation economy accounted for 1.8 percent ($374.3 billion) of current-dollar gross domestic product (GDP) for the nation in 2020. At the state level, outdoor recreation value added as a share of state GDP ranged from 4.3 percent in Montana to 1.2 percent in New York and Connecticut. The share was 0.8 percent in the District of Columbia. Outdoor recreation estimates were impacted by the response to the spread of COVID-19, as governments issued and lifted "stay-at-home" orders. This led to rapid changes in demand as consumers canceled, restricted, or redirected their spending. Full Text

Published November 09, 2021 at 09:30PM
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U.S. International Trade in Goods and Services, September 2021

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The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services trade deficit was $80.9 billion in September, up $8.1 billion from $72.8 billion in August, revised. September exports were $207.6 billion, $6.4 billion less than August exports. September imports were $288.5 billion, $1.7 billion more than August imports. Full Text

Published November 04, 2021 at 08:30PM
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