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*In January, average hourly earnings for all employees on private nonfarm payrolls increased by 12 cents to $25.39. Over the year, average hourly earnings have risen by 2.5 percent. In January, average hourly earnings of private-sector production and nonsupervisory employees rose by 6 cents to $21.33.
=GDP= =GDP=='''Real gross domestic product''' - ===Real GDP, the value of the goods and services produced by the nation’s economy less the value of the goods and services used up in production, adjusted for price changes -- , increased at an annual rate of 0.7 percent in the fourth quarter of 2015, according to the "advance" estimate released by the Bureau of Economic Analysis. In the third quarter, real GDP increased 2.0 percent.
The Bureau emphasized that the fourth-quarter advance estimate released today is based on source data that are incomplete or subject to further revision by the source agency (see the box on page 4 and "Comparisons of Revisions to GDP" on page 5). The "second" estimate for the fourth quarter, based on more complete data, will be released on February 26, 2016.
Real gross domestic purchases -- purchases by U.S. residents of goods and services wherever produced -- increased 1.1 percent in the fourth quarter, compared with an increase of 2.2 percent in the third.
==='''The price index for gross domestic purchases'''=== The price index for GDP, which measures prices paid by U.S. residents, increased 0.2 percent in the fourth quarter, compared with an increase of 1.3 percent in the third. Excluding food and energy prices, the price index for gross domestic purchases increased 0.9 percent, compared with an increase of 1.3 percent. ==='''Current-dollar GDP''' === Current-dollar GDP, the market value of the goods and services produced by the nation’s economy less the value of the goods and services used up in production, increased 1.5 percent, or $68.1 billion, in the fourth quarter to a level of $18,128.2 billion. In the third quarter, current-dollar GDP increased 3.3 percent, or $146.5 billion. ===Disposition of personal income=== *Current-dollar personal income increased $137.1 billion in the fourth quarter, compared with an increase of $190.8 billion in the third. The deceleration in personal income primarily reflected a downturn in personal interest income and decelerations in wages and salaries and in farm proprietors’ income. *Personal current taxes increased $25.8 billion in the fourth quarter, compared with an increase of $22.3 billion in the third. *Disposable personal income increased $111.3 billion, or 3.3 percent, in the fourth quarter, compared with an increase of $168.5 billion, or 5.1 percent, in the third. Real disposable personal income increased 3.2 percent, compared with an increase of 3.8 percent. *Personal outlays increased $72.6 billion in the fourth quarter, compared with an increase of $131.7 billion in the third. *Personal saving -- disposable personal income less personal outlays -- was $739.3 billion in the fourth quarter, compared with $700.6 billion in the third.
'''Current-dollar GDP''' -- the market value *The personal saving rate, personal saving as a percentage of the goods and services produced by the nation’s economy less the value of the goods and services used up in production -- increased 1disposable personal income,was 5.5 4 percent, or $68.1 billion, in the fourth quarter to a level of $18,128compared with 5.2 billion. In percent in the third quarter, current-dollar GDP increased 3.3 percent, or $146.5 billion.
From News Release by the [http://www.bea.gov/index.htm BEA]
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