On November 6, 2020 the Bureau of Labor Statistics reported the U.S. economy added 638,000 jobs and unemployment fell to 6.9% in October 2020.

U.S. Commerce Secretary Wilbur Ross traveled to Ft. Lauderdale, Florida Friday and toured a local business that has successfully overcome many challenges of doing business in the wake of COVID-19. City Furniture continued to work through the economic downturn caused by the pandemic and became an example of a successful business that contributed to September’s strong retail sales in both Florida...

Since the beginning of the COVID-19 pandemic in the U.S., it has been more important than ever to get the most up-to-date information on the health of the American economy. The U.S. Commerce Department plays a vital role in producing some of the most closely watched economic statistics that affect decisions made by policy makers, business leaders, and the American public. More than 100 surveys are...

Professional, scientific, and technical services; real estate and rental and leasing; and mining were the leading contributors to the increase in U.S. economic growth in the second quarter of 2019. The private goods‐ and services‐producing industries, as well as the government sector, contributed to the increase. Overall, 14 of 22 industry groups contributed to the 2.0 percent increase in real GDP...

The following is a cross-post from the Bureau of Economic Analysis (BEA) The U.S. current account deficit, which reflects the combined balances on trade in goods and services and income flows between U.S. residents and residents of other countries, narrowed by $8.0 billion, or 5.9 percent, to $128.2 billion in the second quarter of 2019. The narrowing mainly reflected an expanded surplus on...

Personal income increased 0.1 percent in July after increasing 0.5 percent in June. Wages and salaries, the largest component of personal income, increased 0.2 percent in July after increasing 0.5 percent in June. Current-dollar disposable personal income (DPI), after-tax income, increased 0.3 percent in July after increasing 0.4 percent in June. Real DPI, income adjusted for taxes and inflation...