Whether you are looking for investment purposes or just as a concerned citizen, there are many places to find economic statistics. Every American should know where the economy stands at any time because it can impact our purchasing and selling decisions. Since economic events outside U.S. boundaries regularly impact domestic decisions, it is important to be aware of data regarding those as well.
The U.S. Bureau of Economic Analysis (BEA) publishes national economic statistics on its Web site. These include gross domestic product (GDP), consumer spending, corporate profits, personal income and outlays, research and development, and fixed assets. Regional, industry, and international statistics are also available. Resources like interactive data, a customer guide, and current business papers are just a few clicks away.
The Economics and Statistics Administration releases 12 quarterly and monthly Principal Federal Economic Indicators. These are collected by the BEA and the U.S. Census Bureau. Many businesses rely on these indicators in their daily decision-making. Public comments made by the ESA Under Secretary and Chief Economist as well as the Secretary frame the indicators in a global and national economic context.
The U.S. Bureau of Labor Statistics publishes monthly data regarding the unemployment rate, change in payroll employment, average hourly earnings, and consumer, producer, and U.S. import price indexes. On a quarterly basis, statistics regarding productivity and the employment cost index are published. Visitors can also browse employment-related economic statistics by census region and state.
The Federal Reserve publishes economic data, referred to as FRED, on its Web site. Data categories include regional, international, and U.S. financial data and exchange rates. The latest releases, popular online publication series, and at-a-glance information are also provided. Whether they are planning to buy gold coins or engage in forex trading, individuals can find useful economic statistics on these Web sites.
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