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March 2016 Trade Gap is $40.4 Billion

The U.S. monthly international trade deficit decreased in March 2016 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $47.0 billion in February (revised) to $40.4 billion in March, as imports decreased more than exports. 263 more words

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Personal Income Accelerates in March

Personal income increased 0.4 percent in March after increasing 0.1 percent in February. Wages and salaries, the largest component of personal income, increased 0.4 percent in March after decreasing 0.1 percent in February. 115 more words

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GDP Increases in First Quarter

Real gross domestic product (GDP) increased 0.5 percent in the first quarter of 2016, according to the “advance” estimate released today by the Bureau of Economic Analysis. 213 more words

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Industry in Focus: What’s the Economic Impact of the Information Industry?

The Information industry, more than just about any other industry, illustrates just how much the U.S. economy has changed over time. Not all that long ago, in previously used industry classification systems, the information sector didn’t have its own category.  435 more words

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Information Services Led Growth in the Fourth Quarter

Information; construction; and professional, scientific, and technical services were the leading contributors to the increase in U.S. economic growth in the fourth quarter of 2015. Overall, 16 of 22 industry groups contributed to the 1.4 percent increase in real GDP in the fourth quarter. 45 more words

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BEA to Host Webinar on Wednesday to Explain Change Simplifying How Private Funds Report

The Bureau of Economic Analysis and the Treasury Department are preparing to implement a change that will simplify how certain cross-border investments by or into private funds are reported on Treasury International Capital, or TIC, surveys of portfolio investment and BEA surveys of direct investment. 133 more words

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Statistics on Federal Refundable Tax Credits for Every State Now Available

For years, BEA has provided state-by-state information on people’s incomes, which includes refundable tax credits and rebates. But BEA did not break out the refundable tax credit statistics. 112 more words

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