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Economy

Economic Indicators (USA)

Thursday, August 27, 2015

Gross Domestic Product (GDP) "Preliminary" Released Today for Q2 2015

The preliminary, real U.S. Gross Domestic Product (GDP) report for the second quarter of 2015 was released this morning:

Predicted: +3.2%
Actual: +3.7%

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

The final GDP report for Q2 2015, which will contain the most authoritative data for the fourth quarter, will be released on September 25, 2015.

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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Wednesday, August 19, 2015

Consumer Price Index (CPI) for July 2015

Earlier this morning, the Labor Department's Bureau of Labor Statistics released the Consumer Price Index (CPI) for July 2015:

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Predicted: +0.2%
Actual: +0.1%

Change from 12 months ago: +0.2%

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Below is the CPI when food and energy are subtracted from the equation, also known as the "core CPI":

Predicted: +0.2%
Actual: +0.1%

Change from 12 months ago: +1.8%

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The above numbers represent the seasonally adjusted, month-to-month change in prices for a specific group of goods and services that consumers buy, and is, therefore, a very important part of the overall inflation picture for the country.

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

General categories that constitute the CPI are:

  • Healthcare
  • Housing
  • Clothing
  • Communications
  • Education
  • Transportation
  • Food & Beverages
  • Recreation
  • Miscellaneous Goods & Services (grooming expenses, etc.)
Click here to view the full Labor Department report.

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Friday, August 07, 2015

Employment Situation Report for July 2015

The Employment Situation report for July 2015 was released by The Department of Labor's Bureau of Labor Statistics this morning:

Unemployment Rate
Predicted: 5.3%
Actual: 5.3%

Non-farm Payrolls (month-to-month change)
Predicted: +212,000
Actual: +215,000


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

Average Workweek
Predicted: 34.5 hrs
Actual: 34.6 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 and b) 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.

"...The change in total non-farm payroll employment for May was revised from +254,000 to +260,000, and the change for June was revised from +223,000 to +231,000. With these revisions, employment gains in May and June combined were 14,000 higher than previously reported. Over the past 3 months, job gains have averaged 235,000 per month..."

Click here to view the full Department of Labor report.

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Thursday, August 06, 2015

New Unemployment Insurance Claims for The Week of August 1, 2015

Earlier today, the Labor Department released the New Unemployment Insurance Claims report for the week that ended on August 1, 2015:

Predicted: 273,000
Actual: 270,000

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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