Important US Economic Data – Monitored by Global Financial Markets

Unites States (US) is one of the largest economy in the world with a GDP size of $28.65 trillion (as on 29th August, 2024). It is crucial to monitor all economic data releases from US on a regular basis to get better market insight. It also impacts global financial markets, whether it is equity or debt.

Here’s a list of key economic data and indicators for the US, often used to assess the health and performance of the economy:

1. Gross Domestic Product (GDP)

  • GDP Growth Rate %: Measures the rate at which the economy is growing or contracting.
  • GDP by Sector: Breakdown of GDP into sectors like agriculture, industry, and services are also important for sectoral analysis.

2. Inflation Indicators

  • Consumer Price Index (CPI): Measures the average change in prices paid by consumers for goods and services.
  • Producer Price Index (PPI): Measures the average change in selling prices received by domestic producers for their output.
  • Core CPI: CPI excluding food and energy prices.

3. Employment Data

  • Unemployment Rate: Percentage of the labor force that is unemployed and actively seeking work.
  • Nonfarm Payrolls: Monthly data on job creation in various sectors excluding farm work, government, and a few other categories.
  • Labor Force Participation Rate: Percentage of the working-age population that is either employed or actively looking for work.
  • Job Openings and Labor Turnover Survey (JOLTS): Provides data on job vacancies, hiring, and separations.
  • Wage Earnings & Benefits: The Bureau of Labor Statistics (BLS) publishes a large amount of information on the wages, earnings, and benefits of workers.

4. Interest Rates %

  • Federal Funds Rate: The interest rate at which depository institutions lend reserve balances to other depository institutions overnight.
  • Discount Rate: The interest rate charged by the Federal Reserve to banks for short-term loans.

5. Trade Data

  • Trade Balance: Difference between the value of exports and imports of goods and services.
  • Export and Import Data: Detailed data on the value and volume of goods and services traded.

6. Fiscal Data

  • Government Budget Deficit/Surplus: The difference between government revenue and spending.
  • Public Debt: Total amount of money that the federal government owes to creditors.

7. Consumer and Business Sentiment

  • Consumer Confidence Index: Measures consumer optimism about the economy’s future performance.
  • Business Confidence Index: Measures the level of confidence businesses have in the economic environment.

8. Housing Market Data

  • Housing Starts: Number of new residential construction projects that have begun.
  • Existing Home Sales: Number of previously constructed homes that were sold.
  • New Home Sales: Number of newly constructed homes that were sold.
  • Home Price Index: Tracks changes in the prices of residential properties.

9. Productivity and Labor Costs

  • Productivity: Measures output per hour worked.
  • Unit Labor Costs: Average cost of labor per unit of output.

10. Money Supply

  • M1 and M2 Money Supply: Measures of the total amount of money in circulation, including cash, demand deposits, and other liquid assets.

11. Economic Growth and Development

  • Real GDP per Capita: GDP divided by the population, adjusted for inflation.
  • Human Development Index (HDI): A composite index of life expectancy, education, and income.

12. Financial Market Data

  • Stock Market Indices: Such as the S&P 500, Dow Jones Industrial Average, and NASDAQ Composite.
  • Bond Yields: Interest rates on government and corporate bonds.

13. Consumer Spending

  • Personal Consumption Expenditures (PCE): Measures the value of goods and services purchased by consumers.
  • Retail Sales: Total sales in the retail sector, indicating consumer spending patterns.

14. Business Investment

  • Gross Private Domestic Investment: Measures investment by businesses in capital goods.

15. Regional Economic Data

  • Regional Federal Reserve Bank Reports: Various regional reports and surveys provide insights into economic conditions in different areas of the country.

These data points are regularly updated and published by various government agencies, including the Bureau of Economic Analysis (BEA), Bureau of Labor Statistics (BLS), Federal Reserve, and U.S. Census Bureau, among others.

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