WASHINGTON – The U.S. Commerce Department’s Bureau of Economic Analysis today released personal income and outlays for June 2010. Personal income remained unchanged in June, and real disposable income increased 0.2 percent. Real personal consumption expenditures increased 0.1 percent in June and at a 1.6-percent annual rate in the second quarter.

“Employment in private industry is growing at a modest pace and this growth is helping to raise incomes among American families,” said U.S. Commerce Under Secretary for Economic Affairs Rebecca Blank. “Healthy consumer spending goes hand-in-hand with income and job growth, and the administration remains focused on boosting employment to ensure every American who wants a job can get one.” (Release)

Washington, D.C. – The U.S. Commerce Department’s Bureau of Economic Analysis today released personal income and outlays for June 2010. Personal income remained unchanged in June, and real disposable income increased 0.2 percent.  Real personal consumption expenditures increased 0.1 percent in June and at a 1.6-percent annual rate in the second quarter.

“Employment in private industry is growing at a modest pace, and this growth is helping to raise incomes among American families,” said U.S. Commerce Under Secretary for Economic Affairs Rebecca Blank. “Healthy consumer spending goes hand-in-hand with income and job growth, and the administration remains focused on boosting employment to ensure every American who wants a job can get one.”

Washington, DC—The U.S. Department of Commerce released newly-developed Gross Domestic Product (GDP) statistics for American Samoa, Guam, the Commonwealth of the Northern Mariana Islands and the U.S. Virgin Islands. The statistics are a product of a joint effort of the Department of Commerce’s Bureau of Economic Analysis and the Interior Department’s Office of Insular Affairs. Policy makers will now have an objective view of the size of these economies, their growth or contraction, and their major components in order to conduct economic-impact analysis on the effects of local and national policy decisions. (More)

Washington, DC (December 7, 2009) - Under Secretary of Commerce for Economic Affairs Rebecca Blank (pictured on the right) addressed the United Nations working group that is preparing guidelines on integration of national economic accounts. Bureau of Economic Analysis (BEA) Director Steve Landefeld (pictured left) hosted the group from December 7-9.

WASHINGTON – The U.S. Commerce Department’s Bureau of Economic Analysis today released the second estimate of gross domestic product (GDP) for the third quarter of 2009. Real GDP rose 2.8 percent at an annual rate, down moderately from the advance estimate of 3.5 percent. Most private analysts had expected a revision to 2.7 percent in the third quarter.