The Bureau of Economic Analysis announced today that seasonally adjusted U.S. real GDP grew at a 6.9% annual rate in the fourth quarter, more than twice the average growth rate the U.S. has seen since World War II.
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Author Archives: James_Hamilton
GDP growth: is this as good as it gets?
The Bureau of Economic Analysis announced today that seasonally adjusted U.S. real GDP grew at a 2% annual rate in the third quarter, slightly below the average growth rate of 2.25% that we saw during the previous economic expansion.
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Video tour of Mars
From NASA.
The economic recovery continues
The Bureau of Economic Analysis announced today that seasonally adjusted U.S. real GDP grew at a 6.5% annual rate in the second quarter. That’s well above the 3.1% average growth that the U.S. experienced over 1947-2019. Kudos to Federal Reserve Bank of Atlanta economist Patrick Higgins, whose nowcast of 6.4% that Menzie highlighted yesterday anticipated today’s release on the nose.
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More on weekly state-level economic conditions
Last week Menzie called attention to an interesting new paper by Baumeister, Leiva-León, and Sims on tracking weekly state-level economic conditions. I wanted to add that the authors have also created a really cool data dashboard that allows users to look up the latest economic situation for any individual states and sectors of interest.
Economy looks strong
The Bureau of Economic Analysis announced today that seasonally adjusted U.S. real GDP grew at a 6.4% annual rate in the first quarter, well above the 3.1% average growth that the U.S. experienced over 1947-2019.
The University of California gives back to the community
About 10% of the population in San Diego have now received the vaccine. A third of these — 100,000 people– were served by a single facility operated by the University of California at San Diego. What’s the secret to their success? Answer: logistics.
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Flash-mob finance
Modern communication infrastructure can facilitate swift simultaneous action by a large number of people. If used to coordinate a surprise attack, an organized mob can overcome a store or even the capitol building. Is Wall Street the next target?
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The COVID recession is over
The Bureau of Economic Analysis announced today that seasonally adjusted U.S. real GDP grew at a 4.0% annual rate in the fourth quarter. That’s well above the 3.1% average growth that the U.S. experienced over 1947-2019, and follows a 28.8% logarithmic annual growth rate seen in Q3.
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Record-breaking increase in GDP
The Bureau of Economic Analysis announced today that seasonally adjusted U.S. real GDP grew at a 33.1% annual rate in the third quarter. That’s the largest change ever recorded, even bigger than the -31.4% annual rate now reported for 2020:Q2. What do those numbers tell us?
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