Gross domestic product (GDP) is a monetary measure of the market value of all the final goods and services produced in a specific time period by a country or countries. GDP is most often used by the government of a single country to measure its economic health. Due to its complex and subjective nature,this measure is often revised before being considered a reliable indicator.
The United States Census Bureau (USCB),officially the Bureau of the Census,is a principal agency of the U.S. Federal Statistical System,responsible for producing data about the American people and economy. The Census Bureau is part of the U.S. Department of Commerce and its director is appointed by the President of the United States.
The Bureau of Labor Statistics (BLS) is a unit of the United States Department of Labor. It is the principal fact-finding agency for the U.S. government in the broad field of labor economics and statistics and serves as a principal agency of the U.S. Federal Statistical System. The BLS collects,processes,analyzes,and disseminates essential statistical data to the American public,the U.S. Congress,other Federal agencies,State and local governments,business,and labor representatives. The BLS also serves as a statistical resource to the United States Department of Labor,and conducts research measuring the income levels families need to maintain a satisfactory quality of life.
In economics,the GDP deflator is a measure of the money price of all new,domestically produced,final goods and services in an economy in a year relative to the real value of them. It can be used as a measure of the value of money. GDP stands for gross domestic product,the total monetary value of all final goods and services produced within the territory of a country over a particular period of time.
The Economics and Statistics Administration (ESA) was an agency within the United States Department of Commerce (DOC) that analyzed,disseminated,and reported on national economic and demographic data.
The Bureau of Economic Analysis (BEA) of the United States Department of Commerce is a U.S. government agency that provides official macroeconomic and industry statistics,most notably reports about the gross domestic product (GDP) of the United States and its various units—states,cities/towns/townships/villages/counties,and metropolitan areas. They also provide information about personal income,corporate profits,and government spending in their National Income and Product Accounts (NIPAs).
The national income and product accounts (NIPA) are part of the national accounts of the United States. They are produced by the Bureau of Economic Analysis of the Department of Commerce. They are one of the main sources of data on general economic activity in the United States.
The PCE price index (PePP),also referred to as the PCE deflator,PCE price deflator,or the Implicit Price Deflator for Personal Consumption Expenditures by the Bureau of Economic Analysis (BEA) and as the Chain-type Price Index for Personal Consumption Expenditures (CTPIPCE) by the Federal Open Market Committee (FOMC),is a United States-wide indicator of the average increase in prices for all domestic personal consumption. It is benchmarked to a base of 2012 = 100. Using a variety of data including U.S. Consumer Price Index and Producer Price Index prices,it is derived from the largest component of the GDP in the BEA's National Income and Product Accounts,personal consumption expenditures.
In economics,gross output (GO) is the measure of total economic activity in the production of new goods and services in an accounting period. It is a much broader measure of the economy than gross domestic product (GDP),which is limited mainly to final output. As of first-quarter 2019,the Bureau of Economic Analysis estimated gross output in the United States to be $37.2 trillion,compared to $21.1 trillion for GDP.
Gross metropolitan product (GMP) is a monetary measure of the value of all final goods and services produced within a metropolitan statistical area during a specified period. GMP estimates are commonly used to compare the relative economic performance among such areas.
Personal income is an individual's total earnings from wages,investment interest,and other sources. The Bureau of Labor Statistics reported a median weekly personal income of $1,037 for full-time workers in the United States in Q1 2022. For the year 2020,the U.S. Census Bureau estimates that the median annual earnings for all workers was $41,535;and more specifically estimates that median annual earnings for those who worked full-time,year round,was $56,287.
The Office of the Under Secretary for Economic Affairs,or OUSEA,is a high-ranking official in the United States Department of Commerce that serves as the principal adviser to the United States Secretary of Commerce on economic analysis.
John Whitefield Kendrick was a pioneer in productivity measurement and economic accounting.
Mark Doms was the Under Secretary of Commerce for Economic Affairs for the Department of Commerce from January 2013 until September 2015. He was nominated by President Barack Obama on September 13,2012 and was confirmed by the Senate on January 1,2013 as one of the last acts of the 112th Congress. Prior to his confirmation,he was the United States Department of Commerce's Chief Economist.
Erica Lynn Groshen is the former Commissioner of Labor Statistics and head of the U.S. Bureau of Labor Statistics (BLS),the independent,principal fact-finding agency for the U.S. government in the broad fields of labor economics and statistics,inflation,and productivity. BLS is part of the U.S. Department of Labor.
The Northern California megaregion,distinct from Northern California,is an urbanized region of California consisting of many large cities including San Jose,San Francisco,Sacramento,and Oakland. There are varying definitions of the megaregion,but it is generally seen as encompassing the San Francisco Bay Area,the Sacramento area,northern San Joaquin Valley,and the Monterey Bay Area.
Jennifer Holly Madans is an American biostatistician whose research has concerned survey methodology,longitudinal studies,the measurement of health and functionality,and health services,as well as participation in studies on racial disparities in health statistics data,body mass,diabetes,infant mortality,and disability. Formerly the associate director and acting director of the National Center for Health Statistics in the Centers for Disease Control and Prevention,she is a senior advisor to the Center for Inclusive Policy and vice chair of the Population Reference Bureau.
Julius Shiskin was an American economist. He is known for his definition of a recession and his contributions to establishing rules in the field of economic statistics. He authored two books and numerous articles in the field of statistics,and served as the ninth U.S. Commissioner of the Bureau of Labor Statistics from 1973 until his death.
