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Latest Commerce Figures Show Accelerating Economic Growth and Smaller Trade Gap

The latest economic figures released by the Commerce Department's Bureau of Economic Analysis (BEA) indicate that real Gross Domestic Product increased 2.6% (annual rate) in the second quarter, in line with expectations. This represents an acceleration over the previous two quarters, each of which saw growth of below 2%. The bulk of last quarter's growth was due to personal consumption expenditures which contributed 1.9 percentage points to this increase, while private nonresidential fixed investment contributed 0.6 percentage points, on the strength of business' investment in industrial and information processing equipment. The past two quarters have been the strongest for business investment since 2014. The other components of GDP contributed little to last quarter's growth: net exports (0.2 points), and government consumption and investment (0.1), and change in private inventories (0.0 points). 

Impact of Spending on Traffic Congestion

We schedule our day around it. We design our cities around it. We give so much of our lives to it. To many Americans, traffic is all of the above and more. We hate traffic even as it seems to grow worse every passing year.

But how do we fare compared to Americans across the nation? Is my commute the worst in the nation? Is it getting better or worse? Where is the government improving it? These are all complicated questions that can be answered with freely public data.

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