August 26, 2022
The Bureau of Economic Analysis (BEA) released its report on Personal Income and Outlays for July 2022 today. The report gives an updated view of income and inflation in the economy. The report details how personal income, expenditures, and prices evolve each month. On the income side, the BEA found that real disposable personal income […]
July 28, 2022
The Bureau of Economic Analysis (BEA) released their advanced estimate of second-quarter Gross Domestic Product (GDP) today. GDP is an estimate of the total value of goods and services produced in an economy. The BEA estimated that real GDP decreased at an annual rate of 0.9 percent in the second quarter after shrinking at a […]
May 6, 2022
The Bureau of Labor Statistics (BLS) released two reports this week showing that the labor market continues to be extremely strong. First, on Tuesday, they released data from the Job Openings and Labor Turnover Survey (JOLTS) from March 2022. The survey showed that job openings in the economy are at an all-time high of 11.5 […]
November 5, 2021
The BLS released their report describing the employment situation in October 2021. Nonfarm payroll employment in the United States increased by 531,000 jobs beating forecasts of around 450,000 jobs for the month. This strong report breaks a two-month trend of disappointing jobs numbers and signals that the economic recovery from the pandemic is again gaining […]
September 14, 2021
The Job Opening and Labor Turnover Survey (JOLTS) released a report showing that the economy had 10.9 million job openings on July 31. This was a new record high for the data series. To put this number in perspective it is helpful to compare the number of job openings with the number of unemployed workers. […]
