Gross Domestic Product (GDP) "Third Estimate" Released Today for Q3, 2013

The third estimate of real U.S. Gross Domestic Product (GDP) report for the third quarter of 2013 was released this morning:

Predicted: +3.6%
Actual: +4.1%

The above percentages represent the quarter-to-quarter change in the Gross Domestic Product for the United States. The "predicted" figure is what Wall Street forecasters were expecting, while the "actual" is the  real figure. The GDP report is produced by the U.S. Commerce Department's Bureau of Economic Analysis.

Today's GDP "third estimate" report contains the most authoritative data for the third quarter of 2013.

The GDP is a very broad measure of economic activity for the entire United States, covering all sectors of the economy. The Commerce Department defines real GDP as, "the output of goods and services produced by labor and property located in the United States."

Click here to view the full Commerce Department report (PDF).

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New Unemployment Insurance Claims for The Week of December 14, 2013

Earlier today, the Labor Department released the New Unemployment Insurance Claims report for the week that ended on December 14, 2013:

Predicted: 337,000
Actual: 379,000

Last Week (Revised): 369,000

The above figures represent the number of first-time claims for unemployment benefits for the entire United States. The "predicted" figure is what economists and Wall Street forecasters were expecting, while the "actual" is the true or real figure.

Click here to view the full Labor Department report.

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Employment Situation Report for November 2013

The Employment Situation report for November 2013 was released by The Department of Labor's Bureau of Labor Statistics this morning:

Unemployment Rate
Predicted: 7.2%
Actual: 7.0%

Non-farm Payrolls (month-to-month change)
Predicted: +180K
Actual: +203K

Average Hourly Earnings (month-to-month change)
Predicted: +0.2%
Actual: +0.2%

Average Workweek
Predicted: 34.5 hrs
Actual: 34.5 hrs

Economist, academics, central bankers and investors pay very close attention to the monthly Employment Situation report as it offers penetrating insight as to the current and near-future state of the overall U.S. economy. If a) Americans are earning more money, b) unemployment is low and c) the economy is creating new jobs, this typically translates to more money being pumped into the economy (and vice versa.)

The "predicted" figure is what economists and Wall Street forecasters were expecting, while the "actual" is the true or real figure.

Click here to view the full Department of Labor report.

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