Economic Growth Decreased in All 50 States During the Second Quarter

Economic growth, as expressed in real gross domestic product (GDP), decreased in all 50 states and the District of Columbia in the second quarter of 2020, as real GDP for the nation decreased at an annual rate of 31.4 percent, according to statistics released by the U.S. Bureau…

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Real Earnings Fell During June

Real average hourly earnings for all employees decreased 0.4 percent from June to July, seasonally adjusted, the U.S. Bureau of Labor Statistics reports.

This result stems from an increase of 0.2 percent in average hourly earnings being more than offset by an increase of 0.6 percent…

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Inflation Rate Remains Moderate

A key measure of consumer price inflation rose 0.1 percent in January on a seasonally adjusted basis, after rising 0.2 percent in December, the U.S. Bureau of Labor Statistics reports.

Over the last 12 months, this measure, (The Consumer Price
Index for All Urban Consumers) increased 2…

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