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Economic Indicators- Major Economic Indicators Latest NumbersConsumer Price Index (CPI): +0.1% in Mar 2010 News Release Historical Data Unemployment Rate: 9.9% in Apr 2010 News Release Historical Data Payroll Employment: +290,000(p) in Apr 2010 News Release Historical Data Average Hourly Earnings: +$0.01(p) in Apr 2010 News Release Historical Data Producer Price Index (PPI): +0.7%(p) in Mar 2010 News Release Historica […]
- Major Economic Indicators Latest Numbers
- Consumer News
- FDA Provides Consumer Advice Following Recall of Products for Infants and ChildrenMcNeil Consumer Healthcare is implementing a voluntary recall of infant and children’s liquid products due to manufacturing deficiencies which may affect quality, purity or potency. Following McNeil’s recall announcement on Friday evening, the FDA is providing additional advice to consumers.The products include certain liquid infant’s and children’s Tylenol® […]
- FDA Provides Consumer Advice Following Recall of Products for Infants and Children
- Economic Analysis
- Gross Domestic Product for American SamoaUTULEI, AMERICAN SAMOA (May 10, 2010) - Today, the Bureau of Economic Analysis (BEA) is releasing its first set of estimates of the major components of gross domestic product (GDP) for American Samoa. From 2002 to 2007, real GDP of American Samoa increased at an average annual rate of 0.4 percent. Full Text […]
- Gross Domestic Product for American Samoa
- Budget Office
- May Monthly Budget ReviewIn the first seven months of fiscal year 2010, the federal government incurred a budget deficit of about $800 billion, the same as the shortfall at the same point in 2009, CBO estimates in its latest monthly budget review. Outlays and revenues alike are lower than they were last year at this time, by 3 [...] […]
- May Monthly Budget Review
- Economic Outlook
- A bill to extend the statutory license for secondary transmissions under title 17, United States Code, and for othe purposesPay-as-you-go estimate for the bill as provided to CBO by the Senate Committee on the Judiciary on May 6, 2010. […]
- H.R. 5072, FHA Reform Act of 2010Cost estimate for the bill as ordered reported by the House Committee on Financial Services on April 27, 2010 […]
- Monthly Budget ReviewBased on the Monthly Treasury Statement for March and the Daily Treasury Statements for April […]
- H.R. 3913, Major General David F. Wherley, Jr. District of Columbia National Guard Retention and College Access ActCost estimate for the bill as ordered reported by the House Committee on Oversight and Government Reform on April 14, 2010 […]
- H.R. 5116, America COMPETES Reauthorization Act of 2010Cost estimate for the bill as ordedred reported by the House Committee on Science and Technology on April 28, 2010 […]
- A bill to extend the statutory license for secondary transmissions under title 17, United States Code, and for othe purposes
Gross Domestic Product
Real gross domestic product — the output of goods and services produced by labor and property
located in the United States — increased at an annual rate of 3.2 percent in the first quarter of 2010,
(that is, from the fourth quarter to the first quarter), according to the “advance” estimate released by
the Bureau of Economic Analysis. In the fourth quarter, real GDP increased 5.6 percent.
The Bureau emphasized that the first-quarter advance estimate released today is based on source
data that are incomplete or subject to further revision by the source agency (see the box on page 3). The
“second” estimate for the first quarter, based on more complete data, will be released on May 27, 2010.
The increase in real GDP in the first quarter primarily reflected positive contributions from
personal consumption expenditures (PCE), private inventory investment, exports, and nonresidential
fixed investment that were partly offset by decreases in state and local government spending and in
residential fixed investment. Imports, which are a subtraction in the calculation of GDP, increased.
The deceleration in real GDP in the first quarter primarily reflected decelerations in private
inventory investment and in exports, a downturn in residential fixed investment, and a larger decrease in
state and local government spending that were partly offset by an acceleration in PCE and a deceleration
in imports.
Motor vehicle output added 0.52 percentage point to the first-quarter change in real GDP after
adding 0.45 percentage point to the fourth-quarter change. Final sales of computers added 0.19
percentage point to the first-quarter change in real GDP after adding 0.01 percentage point to the fourth-
quarter change.