U.S. Economic Outlook: Quarterly developments

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cepal.bibLevelDocumento Completo
cepal.callNumberLC/WAS/TS.2017/4
cepal.docTypeDocumentos de proyectos e investigación
cepal.jobNumberS1700660_en
cepal.topicEngECONOMIC INDICATORS AND PROJECTIONS
cepal.topicEngMACROECONOMICS
cepal.topicSpaINDICADORES ECONÓMICOS Y PROYECCIONES
cepal.topicSpaMACROECONOMÍA
cepal.workareaEngECONOMIC DEVELOPMENT
cepal.workareaSpaDESARROLLO ECONÓMICO
dc.contributor.entityNU. CEPAL. Oficina de Washington
dc.coverage.spatialEngUNITED STATES
dc.coverage.spatialSpaESTADOS UNIDOS
dc.date.accessioned2017-07-24T19:30:00Z
dc.date.available2017-07-24T19:30:00Z
dc.date.issued2017-07
dc.description.abstractIn the first quarter of 2017, the U.S. economy grew at an annualized rate of 1.4%. Fixed investment was the main driver of growth, while inventories were a large drag. Consumer spending slowed significantly from its pace in previous quarters, but still accounted for about half of GDP growth in the first quarter. · U.S. employers added a seasonally adjusted 1,079,000 jobs during the first six months of 2017, the weakest first-half performance since 2010, according to data the Labor Department. · Productivity was flat in the first three months of the year. Slumping productivity gains have led to disappointing real GDP growth this expansion. · Unit labor costs rose 2.2%. Hourly compensation, encompassing everything from salaries to retirement benefits and health care costs, also rose at a 2.2% annual rate in the first quarter. · Over the last 12 months, the all items Consumer Price Index rose 1.9% before seasonal adjustment. The core CPI was up 1.7% on the year. Core inflation appears to have moderated, as year-over-year growth was weaker than the 2.2% gain in May 2016. · Regarding the external sector, the current account deficit, the broadest measure of U.S. trade with the rest of the world, widened to US$ 116.8 billion in the first quarter of 2017, an increase of US$ 2.8 billion. In May, the U.S. trade deficit narrowed 2.3% to a seasonally adjusted US$ 46.51 billion, as exports rose to their highest level in more than two years. · The Federal Open Market Committee (FOMC) raised interest rates by a quarter point two times in the first half of 2017: in March and in June.
dc.formatTexto
dc.format.extent26 páginas.
dc.format.mimetypeapplication/pdf
dc.identifier.unSymbolLC/WAS/TS.2017/4
dc.identifier.urihttps://hdl.handle.net/11362/41986
dc.language.isoeng
dc.physicalDescription26 p.
dc.publisherECLAC
dc.publisher.placeWashington, D.C.
dc.rights.coarDisponible
dc.subject.unbisEngECONOMIC CONDITIONS
dc.subject.unbisEngECONOMIC STATISTICS
dc.subject.unbisEngECONOMIC SURVEYS
dc.subject.unbisSpaCONDICIONES ECONOMICAS
dc.subject.unbisSpaESTADISTICAS ECONOMICAS
dc.subject.unbisSpaESTUDIOS ECONOMICOS
dc.titleU.S. Economic Outlook: Quarterly developments
dc.type.coarlibro
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