Skip to main content
U.S. flag

This is an original und secure website

U.S. Economic Analysis

The United States is a global economic powerhouse, with a high level of productivity, a well-developed transportation infrastructure, and a rich endowment of natural resources. According to the OECD, the median income of workers and households in the United States is the highest among its members. In 2021, the median household income in the United States was $68,703.

However, the United States also faces significant challenges in terms of income inequality, which is one of the highest among developed countries.

The United States engages in trade with many countries around the world, with its top trading partners being Canada, Mexico, China, Japan, Germany, South Korea, the United Kingdom, Taiwan, India, and Vietnam. The United States is the world's largest importer of goods and services and the second largest exporter. The United States has signed free trade agreements with several countries, such as the USMCA with Canada and Mexico, the KORUS with South Korea, and the AUSFTA with Australia. The United States is also pursuing or negotiating other free trade agreements with various countries and regions.

OECD Economic Survey of the United States 2022

An OECD economic study in the United States reports that unprecedented political support, coupled with the early rollout of vaccinations, has allowed real GDP to return to pre-pandemic levels by mid-2021. In response to the current economic recession and high inflation, monetary policy is being tightened rapidly. A shrinking middle class, the availability and affordability of childcare services, and climate change are key priorities on the government's agenda.

An important aspect will be ensuring that employment-specific and active labor market policies are in place to manage labor market distortions as employment shifts from high carbon to high-carbon jobs. low carbon.

To learn more: oe.cd/economyus-economic-snapshot

GDP per Hour Worked

GDP per hour worked is a measure of labor productivity. It measures the efficiency of labor inputs that are combined with other factors of production and used in the production process. Labor cost is defined as the total number of hours worked by all people working in production. Labor productivity only reflects a part of labor productivity in terms of individual capacity or labor intensity. The relationship between production inputs and labor depends largely on the availability and/or use of other resources (e.g. capital, intermediate resources, technical, organizational and organizational change). economic scale). This rate is measured in US dollars (2010 fixed prices and PPP) and indices.

GDP per hour worked: Total, 2015=100, 2022 or latest available

5 Important Productivity Indicators

What is efficiency? It's a measure of how well you do what needs to be done. But what about innovations and improvements? There are also performance metrics that can help us.

Innovation and improvement in the company is one of the most important activities if entrepreneurs and managers want to stay on top. The question is how can we track what is happening with innovation and how our current innovation systems help our company innovate.

There are many performance metrics that can be used for this purpose, but here I want to list some of the easiest and most important to track. Here are my top five innovation-related productivity metrics.

1. The Average Number of Tasks Performed by Each Staff Member

The importance of this productivity metric is obvious from its name. You can calculate this productivity score by dividing all tasks for a specific time period (day, week, month, or year) by the number of employees in your company. With this metric, you can easily measure your company's overall performance based on employees.

Simply, you can easily track the change in the number of completed tasks. Since this metric is influenced by employee performance and in some cases your company's current compensation system, it's easy to make changes to improve this metric.

2. The Speed of New Products Introduction (Time to Market)

The rate of introduction of a new product, also known as "time to market" as a measure of productivity, can be calculated as the difference between the new product launch date and the product development date new.

The main purpose of this productivity metric is to improve your company's efficiency in turning ideas into final products.

This metric is important because it measures the time it takes to bring a new product to market or the effectiveness of the new product development system. To improve this metric, you can continuously train the staff responsible for developing new products, building better systems, improving bidding systems, and more.

3. New Products Introduced in a Specific Time

This metric is important because it measures the time it takes to bring a new product to market or the effectiveness of the new product development system. To improve this metric, you can continuously train the staff responsible for developing new products, building better systems, improving bidding systems, and more.

You can easily check and compare this number with your revenue or profit results.

4. Number of Improvements Made in a Specific Time

As you know, you will need to make many improvements in your existing products, services, processes or business models. This performance metric will show how well your business is meeting improvement needs. It will measure the number of improvement projects implemented in a given period of time.

The main purpose of this metric is to measure how focused your company is on innovation. A higher number for this performance metric means a greater emphasis on improvement.

5. Average Innovation/Improvements Ideas Initiated by Your Staff Members

The importance of this productivity metric is obvious from its name. You can calculate this by dividing all innovation or improvement ideas for a given period of time (day, week, month, or year) by the number of employees in your company. With this metric, you can easily measure the ideas that employees generate in your company.

You can use these performance metrics to monitor, measure, and make decisions regarding your innovation strategy.

Inflation (CPI)

Inflation is measured by the Consumer Price Index (CPI) which is defined as the change in the price of a basket of goods and services commonly purchased by specific groups of households. Inflation is measured by annual growth rate and index from base year 2015, broken down by food, energy and total no food and energy. Inflation measures the decline in living standards. The consumer price index is measured by a set of indicators that summarize the proportional change in prices over time for a fixed group of consumer goods and services of varying quantities and characteristics. fixed to be bought, used or paid for by people. Each summary indicator is constructed as a weighted average of a large number of underlying composite indicators. Each basic composite indicator is estimated on the basis of a sample of the prices of a particular group of goods and services received in a particular area or by residents of a particular area from a group of stores selling goods and services. specific retail or other sources of consumption of goods and services.

Inflation (CPI): Total, Annual growth rate (%), Apr 2023 or latest available (G20 Countries)

Economic Outlook Note - United States

Real GDP is projected to grow by 1.8% in 2022, 0.5% in 2023 and 1.0% in 2024. High inflation and tight financial conditions will continue to constrain plans. spending plans across the economy. With a significant decline in domestic production, labor demand and wage growth will moderate. Price pressures should ease as energy prices stabilize and demand declines, but core inflation is not expected to return close to the Federal Reserve's target until late 2024.

Personal Income and Outlays, January 2024
Personal income increased $233.7 billion (1.0 percent at a monthly rate) in January. Disposable personal income (DPI)-personal income less personal current taxes-increased $67.6 billion (0.3 percent). Personal outlays-the sum of personal consumption expenditures (PCE), personal interest payments, and personal current transfer payments-increased $54.3 billion (0.3 percent) and consumer spending increased $43.9 billion (0.2 percent). Personal saving was $779.3 billion and the personal saving rate-personal saving as a percentage of disposable personal income-was 3.8 percent in January. Full Text

  U.S. Economic Analysis

 2 days 18 hours ago

Checkout news
Gross Domestic Product, Fourth Quarter and Year 2023 (Second Estimate)
Real gross domestic product (GDP) increased at an annual rate of 3.2 percent in the fourth quarter of 2023, according to the "second" estimate. In the third quarter, real GDP increased 4.9 percent. The increase in the fourth quarter primarily reflected increases in consumer spending, exports, as well as state and local government spending. Imports, which are a subtraction in the calculation of GDP, increased. Full Text

  U.S. Economic Analysis

 3 days 18 hours ago

Checkout news
U.S. International Trade in Goods and Services, December and Annual 2023
The U.S. monthly international trade deficit increased in December 2023 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $61.9 billion in November (revised) to $62.2 billion in December, as imports increased more than exports. The goods deficit increased $0.7 billion in December to $89.1 billion. The services surplus increased $0.4 billion in December to $26.9 billion. Full Text

  U.S. Economic Analysis

 3 weeks 3 days ago

Checkout news
Personal Income and Outlays, December 2023
Personal income increased $60.0 billion (0.3 percent at a monthly rate) in December. Disposable personal income (DPI)-personal income less personal current taxes-increased $51.8 billion (0.3 percent). Personal outlays-the sum of personal consumption expenditures (PCE), personal interest payments, and personal current transfer payments-increased $134.7 billion (0.7 percent) and consumer spending increased $133.9 billion (0.7 percent). Personal saving was $766.7 billion and the personal saving rate-personal saving as a percentage of disposable personal income-was 3.7 percent in December. Full Text

  U.S. Economic Analysis

 1 month 1 week ago

Checkout news
Gross Domestic Product, 4th Quarter and Year 2023 (Advance Estimate)
Real gross domestic product (GDP) increased at an annual rate of 3.3 percent in the fourth quarter of 2023, according to the "advance" estimate. In the third quarter, real GDP increased 4.9 percent. The increase in the fourth quarter primarily reflected increases in consumer spending and exports. Imports, which are a subtraction in the calculation of GDP, increased. Full Text

  U.S. Economic Analysis

 1 month 1 week ago

Checkout news
U.S. International Trade in Goods and Services, November 2023
The U.S. monthly international trade deficit decreased in November 2023 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $64.5 billion in October (revised) to $63.2 billion in November, as imports decreased more than exports. The goods deficit decreased $0.6 billion in November to $89.4 billion. The services surplus increased $0.7 billion in November to $26.2 billion. Full Text

  U.S. Economic Analysis

 1 month 3 weeks ago

Checkout news
U.S. International Investment Position, 3rd Quarter 2023
The U.S. net international investment position, the difference between U.S. residents' foreign financial assets and liabilities, was -$18.16 trillion at the end of the third quarter of 2023, according to statistics released today by the U.S. Bureau of Economic Analysis (BEA). Assets totaled $32.91 trillion, and liabilities were $51.07 trillion. At the end of the second quarter, the net investment position was -$18.14 trillion (revised). Full Text

  U.S. Economic Analysis

 2 months ago

Checkout news
Gross Domestic Product by State and Personal Income by State, 3rd Quarter 2023
Real gross domestic product (GDP) increased in all 50 states and the District of Columbia in the third quarter of 2023, with the percent change ranging from 9.7 percent in Kansas to 0.7 percent in Arkansas. Current-dollar personal income increased in 49 states and the District of Columbia in the third quarter of 2023, with the percent change ranging from 5.2 percent in Texas to 0.0 percent in Arkansas. Full Text

  U.S. Economic Analysis

 2 months 1 week ago

Checkout news
Personal Income and Outlays, November 2023
Personal income increased $81.6 billion (0.4 percent at a monthly rate) in November. Disposable personal income (DPI)-personal income less personal current taxes-increased $71.9 billion (0.4 percent). Personal outlays-the sum of personal consumption expenditures (PCE), personal interest payments, and personal current transfer payments-increased $47.8 billion (0.2 percent) and consumer spending increased $46.7 billion (0.2 percent). Personal saving was $839.8 billion and the personal saving rate-personal saving as a percentage of disposable personal income-was 4.1 percent in November. Full Text

  U.S. Economic Analysis

 2 months 1 week ago

Checkout news
Gross Domestic Product, 3rd Quarter 2023 (Third Estimate), GDP by Industry, and Corporate Profits (Revised)
Real gross domestic product (GDP) increased at an annual rate of 4.9 percent in the third quarter of 2023, according to the "third" estimate. In the second quarter, real GDP increased 2.1 percent. The increase in the third quarter primarily reflected increases in consumer spending and inventory investment. Imports, which are a subtraction in the calculation of GDP, increased. Profits increased 3.4 percent at a quarterly rate in the third quarter after increasing 0.2 percent in the second quarter. In the third quarter, the value added of private goods-producing industries increased 10.2 percent, private services-producing industries increased 4.1 percent, and government increased 2.0 percent. Overall, 14 of 22 industry groups contributed to the third-quarter increase in real GDP. Full Text

  U.S. Economic Analysis

 2 months 1 week ago

Checkout news
U.S. International Transactions, 3rd Quarter 2023
The U.S. current-account deficit narrowed by $16.5 billion, or 7.6 percent, to $200.3 billion in the third quarter of 2023, according to statistics released today by the U.S. Bureau of Economic Analysis. The revised second-quarter deficit was $216.8 billion. The third-quarter deficit was 2.9 percent of current-dollar gross domestic product, down from 3.2 percent in the second quarter. Full Text

  U.S. Economic Analysis

 2 months 1 week ago

Checkout news
Real Personal Consumption Expenditures by State and Real Personal Income by State and Metropolitan Area, 2022
Real personal consumption expenditures (PCE) by state increased in 42 states and the District of Columbia in 2022, with the percent change ranging from 5.7 percent in Alaska to -3.2 percent in New Hampshire. Full Text

  U.S. Economic Analysis

 2 months 2 weeks ago

Checkout news
Gross Domestic Product by County and Metropolitan Area, 2022
In 2022, real gross domestic product (GDP) increased in 1,780 counties, decreased in 1,296 counties, and was unchanged in 38 counties. The percent change in real GDP ranged from 71.1 percent in Chouteau County, MT, to -57.6 percent in Kiowa County, CO. Full Text

  U.S. Economic Analysis

 2 months 3 weeks ago

Checkout news
U.S. International Trade in Goods and Services, October 2023
The U.S. monthly international trade deficit increased in October 2023 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $61.2 billion in September (revised) to $64.3 billion in October as exports decreased and imports increased. The goods deficit increased $3.5 billion in October to $89.8 billion. The services surplus increased $0.4 billion in October to $25.5 billion. Full Text

  U.S. Economic Analysis

 2 months 3 weeks ago

Checkout news
Gross Domestic Product by State, 2nd Quarter 2023 and Comprehensive Update
Real gross domestic product (GDP) increased in 44 states and the District of Columbia in the second quarter of 2023, with the percent change ranging from 8.7 percent in Wyoming to -1.9 percent in Vermont. Full Text

  U.S. Economic Analysis

 2 months 4 weeks ago

Checkout news
Gross Domestic Product by Industry, 2nd Quarter 2023 and Comprehensive Update
In the second quarter, the value added of private goods-producing industries increased 7.7 percent, private services-producing industries increased 1.0 percent, and government increased 1.0 percent. Overall, 13 of 22 industry groups contributed to the 2.1 percent increase in second-quarter real GDP. Full Text

  U.S. Economic Analysis

 2 months 4 weeks ago

Checkout news
Personal Income and Outlays, October 2023
Personal income increased $57.1 billion (0.2 percent at a monthly rate) in October. Disposable personal income (DPI)?personal income less personal current taxes?increased $63.4 billion (0.3 percent). Personal outlays?the sum of personal consumption expenditures (PCE), personal interest payments, and personal current transfer payments?increased $43.8 billion (0.2 percent) and consumer spending increased $41.2 billion (0.2 percent). Personal saving was $768.6 billion and the personal saving rate?personal saving as a percentage of disposable personal income?was 3.8 percent in October. Full Text

  U.S. Economic Analysis

 3 months ago

Checkout news
Gross Domestic Product (Second Estimate) Corporate Profits (Preliminary Estimate) Third Quarter 2023
Real gross domestic product (GDP) increased at an annual rate of 5.2 percent in the third quarter of 2023, according to the "second" estimate. In the second quarter, real GDP increased 2.1 percent. The increase in the third quarter primarily reflected increases in consumer spending and inventory investment. Imports, which are a subtraction in the calculation of GDP, increased. Profits increased 3.3 percent at a quarterly rate in the third quarter after increasing 0.2 percent in the second quarter. Full Text

  U.S. Economic Analysis

 3 months ago

Checkout news
Outdoor Recreation Satellite Account, U.S. and States, 2022
The value added of the outdoor recreation economy accounted for 2.2 percent ($563.7 billion) of current-dollar gross domestic product (GDP) for the nation in 2022. At the state level, value added for outdoor recreation as a share of state GDP ranged from 5.6 percent in Hawaii to 1.4 percent in Connecticut. The share was 0.9 percent in the District of Columbia. Full Text

  U.S. Economic Analysis

 3 months 2 weeks ago

Checkout news
Activities of U.S. Multinational Enterprises, 2021
Worldwide employment by U.S. multinational enterprises (MNEs) increased 1.1 percent to 43.3 million workers in 2021 (preliminary) from 42.9 million workers in 2020 (revised), according to statistics released today by the U.S. Bureau of Economic Analysis (BEA) on the operations and finances of U.S. parent companies and their foreign affiliates. Full Text

  U.S. Economic Analysis

 3 months 2 weeks ago

Checkout news

In 51 U.S. states are published

2197 Companies
652 Counties
1266 Cities

The 5 newest Companies

High Maintenance Salon

1014 N Pines Rd #102, Spokane Valley, WA 99206

Define

206 2nd St, Wenatchee, WA 98801

Dana Corte Beauty Salon

22725 AL-181, Fairhope, AL 36532

Willma's Salon

70 S Washington Ave, Bergenfield, New Jersey 07621

Bliss Color Bar & Salon

2907 E State St, Trenton, NJ 08619

Other Companies

Silhouette Beauty Salon By Jyn

204 N 1st St, Abbotsford, WI 54405

Sphynx Beauty Bar LLC

301 Chicon St Suite B, Austin, TX 78702

Sunset Stylz

8715 Main St, Barker, NY 14012

Beauty salon

1840 E Warner Rd # 129, Tempe, AZ 85284

Makeup & Hair by Emily

1585 Shaw Ave #105, Clovis, CA 93611