inventories

November Employment and Revised 3rd Qtr 2011 GDP

/ Jim Luke / 2 Comments

I'm a few days late but I wanted to note the latest employment (jobs) report and the first revision to 3rd quarter GDP.  There's really not much news here - it's the same old story. The economy continues to move along somewhat like  a zombie.  Not really dead, but definitely not anything you could call … Continue reading November Employment and Revised 3rd Qtr 2011 GDP

GDP 1st Qtr 2011 – Revised

/ Jim Luke / 1 Comment

I missed posting this a few days ago.  Bureau of Economic Analysis says first revision of the GDP estimate for 1st quarter 2011 was essentially unchanged from the initial "flash" estimate provided at the end of April.  The U.S. economy grew at approx. 1.8% annual rate. While the overall growth rate was unchanged, there was … Continue reading GDP 1st Qtr 2011 – Revised

Update on the 4th Quarter GDP numbers

/ Jim Luke

Division of labor, specialization, and the Web are beautiful things.  In my earlier post on the 4th quarter 2010 GDP numbers I observed that inventories declined significantly and I wasn't sure why. Well, James Hamilton at Econbrowser did the heavy lifting of investigation so I don't have to.  I only have to quote him: Consumption … Continue reading Update on the 4th Quarter GDP numbers