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CEA
Council of Economic Advisers | Tweets may be archived:
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CEA 29m
2019 Starts off with a Bang in the First Quarter with Strong Economic Performance via
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CEA 57m
Replying to @WhiteHouseCEA
Over the past 25 years, the Q1 estimate has, on average, been almost a full percentage point lower (0.9) than the average of Q2, Q3, and Q4 estimates (see table). This suggests there may be some lingering seasonality in the official estimates of first-quarter real growth.
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CEA 57m
Replying to @WhiteHouseCEA
During the past four quarters, real GDP has also grown 3.2%, the fastest 4-quarter growth rate since 2015:Q2.
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CEA 57m
Real rose 3.2% at an annual rate in the first quarter of 2019 (see figure)—above market expectations. The 3.2% annual rate of growth in real GDP matches the Trump Administration’s forecast for the four quarters of 2019.
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CEA Apr 25
Replying to @WhiteHouseCEA
Orders of core capital goods (nondefense capital goods excluding aircraft) rose 1.3% in March, noticeably higher than the 0.2% increase markets were expecting, and the February level was revised up 0.2%.
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CEA Apr 25
Replying to @WhiteHouseCEA
Despite the monthly decline in core capital goods shipments (nondefense capital goods excluding aircraft), the 12-month growth of total capital goods shipments remains solid at 3.7%.
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CEA Apr 25
Durable goods orders rose 2.7% in March, exceeding market expectations.
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CEA Apr 22
In light of announcement on oil sanctions, consider that US production is up since inauguration by just north of 3 million barrels a day, while OPEC and Iran are down by about half that.
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CEA Apr 19
Replying to @WhiteHouseCEA
Under President Trump, people are finding jobs across the country. Since he took office, the unemployment rate in 21 states has either hit a new low or matched its lowest rate since at least 1976 when the series began.
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CEA Apr 19
Replying to @WhiteHouseCEA
The unemployment rates in , Dakota, , and are the lowest in at least 43 years since the series began. Five other states matched their series lows in March (, , Carolina, , and ).
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CEA Apr 19
33 states registered unemployment rates below 4% and 46 States registered unemployment rates below 5% in March
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CEA Apr 18
Total retail sales increased by 1.6% in March, surpassing market expectations by 0.6 percentage point. The increase in total retail sales marks the fastest monthly nominal growth since September 2017.
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CEA Apr 18
Replying to @USDOL
The four-week moving average of initial claims, which smooths much of the volatility in the weekly series, also set a near-50 year low, falling to the lowest level since November 1969.
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CEA Apr 18
Initial claims for unemployment insurance continue to set near-50 year lows. Weekly initial claims fell to the lowest level since September 1969 in the week that ended on April 13th.
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CEA retweeted
The White House Apr 17
. Chairman Kevin Hassett: Opportunity Zones “created a race to improve our most distressed communities around the country.”
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CEA Apr 17
Replying to @WhiteHouseCEA
This data is further proof that the U.S. is becoming more energy independent, esp. when coupled with the fact that the U.S. is now the largest producer of crude oil and natural gas in the world
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CEA Apr 17
Replying to @EIAgov
. data indicate February 2019 net imports of crude oil and petroleum products were the lowest on record since February 1991.
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CEA Apr 17
The United States imported only 173.7 million barrels of crude oil (6.2 million barrels per day) in February, the lowest monthly import volume in over a quarter of a century (since March 1992).
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CEA retweeted
The White House Apr 15
It's in America! Chairman Kevin Hassett on our BOOMING economy:
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CEA retweeted
CEA Apr 5
Wondering what happens to wage growth for people who work in Opportunity Zones? Counties with more Opportunity Zones had faster wage growth after Zones were designated, a pattern not observed in prior years.
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