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2013 Annual Survey of Public Pensions: State-Administered Defined Benefit Data

September 2, 2014 Comments off

2013 Annual Survey of Public Pensions: State-Administered Defined Benefit Data
Source: U.S. Census Bureau

Provides a comprehensive look at the financial activity of the nation’s state-administered defined benefit pension systems, including cash and investment holdings, receipts, payments, pension obligations and membership information. Statistics are shown at the national level and for individual states. The total cash and investment holdings of the nation’s state-administered defined benefit pensions systems totaled $2.7 trillion in 2013. By comparison, total cash and investment holdings totaled $2.5 trillion in 2012, yielding a 7.8 percent increase from 2012 to 2013.

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Personal Consumption Expenditures by State, 1997-2012 (Prototype Estimates)

August 25, 2014 Comments off

Personal Consumption Expenditures by State, 1997-2012 (Prototype Estimates)
Source: Bureau of Economic Analysis

Today, the U.S. Bureau of Economic Analysis released prototype estimates of personal consumption expenditures (PCE) for states for 1997-2012. These new estimates provide insight into household spending patterns across states that can be used together with other regional data to gain a better understanding of regional economies.

The data provide a new tool for state-level analysis of consumer activity and household economic well-being. The statistics can be used by state and regional policy makers for fiscal analysis and by businesses targeting regional markets. These prototype estimates are released for evaluation and comment by data users.

Automobile Manufacturing Shipments and Employment Up, According to Census Bureau’s Economic Census

August 25, 2014 Comments off

Automobile Manufacturing Shipments and Employment Up, According to Census Bureau’s Economic Census
Source: U.S. Census Bureau

The total value of shipments for the automobile manufacturing industry (NAICS 336111) was $108.8 billion in 2012, up 28.4 percent from $84.7 billion in 2007, according to the latest 2012 Economic Census statistics released today by the U.S. Census Bureau. The number of employees increased 5.6 percent, from 65,436 in 2007 to 69,078 in 2012.

While shipments and employment increased, the number of establishments decreased from 188 in 2007 to 180 in 2012. The average payroll per employee decreased 6.5 percent, from $78,092 in 2007 to $73,053 in 2012.

Total value of shipments for the light truck and utility vehicle manufacturing industry (NAICS 336112) decreased 20.7 percent, from $154.0 billion in 2007 to $122.2 billion in 2012. For this industry, other highlights include:

  • The number of establishments decreased from 90 in 2007 to 77 in 2012.
  • The number of employees decreased 31.3 percent, from 84,806 in 2007 to 58,241 in 2012.
  • The average payroll per employee decreased 3.8 percent, from $81,262 in 2007 to $78,194 in 2012.

Quarterly Gross Domestic Product by State, 2005–2013 (Prototype Statistics)

August 21, 2014 Comments off

Quarterly Gross Domestic Product by State, 2005–2013 (Prototype Statistics)
Source: Bureau of Economic Analysis

Today, the U.S. Bureau of Economic Analysis released prototype statistics of quarterly gross domestic product (GDP) by state for 2005–2013. These new statistics provide a more complete picture of economic growth across states that can be used with other regional data to gain a better understanding of regional economies as they evolve from quarter to quarter.

The new data provide a fuller description of the accelerations, decelerations, and turning points in economic growth at the state level, including key information about changes in the distribution of industrial infrastructure across states. These prototype statistics are released for evaluation and comment by data users.

Gap Between Higher- and Lower-Wealth Households Widens, Census Bureau Reports

August 21, 2014 Comments off

Gap Between Higher- and Lower-Wealth Households Widens, Census Bureau Reports
Source: U.S. Census Bureau

Median net worth increased between 2000 and 2011 for households in the top two quintiles of the net worth distribution (the wealthiest 40 percent), while declining for those in the lower three quintiles (the bottom 60 percent), according to new statistics released today by the U.S. Census Bureau. The result was a widening wealth gap between those at the top and those in the middle and bottom of the net worth distribution. Each quintile represents 20 percent, or one-fifth, of all households.

Economic Characteristics of Households in the United States: 1st, 2nd, 3rd and 4th Quarters 2012

August 20, 2014 Comments off

Economic Characteristics of Households in the United States: 1st, 2nd, 3rd and 4th Quarters 2012
Source: U.S. Census Bureau

This collection of seven tables for each quarter comes from the Survey of Income and Program Participation. The tables that examine the role of government-sponsored benefit programs and the labor market among the nation’s people and households within the economic climate of each quarter of 2012. Specifically, the tables present statistics on average monthly income, participation in government-sponsored social welfare or social insurance programs, and labor force activity during each period.

New economic study shows marine debris costs California residents millions of dollars

August 16, 2014 Comments off

New economic study shows marine debris costs California residents millions of dollars
Source: NOAA

Marine debris has many impacts on the ocean, wildlife, and coastal communities. A NOAA Marine Debris Program economic study released today shows that it can also have considerable economic costs to residents who use their local beaches.

The study found that Orange County, California residents lose millions of dollars each year avoiding littered, local beaches in favor of choosing cleaner beaches that are farther away and may cost more to reach. Reducing marine debris even by 25 percent at beaches in and near Orange County could save residents roughly $32 million during three months in the summer.

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