Bureau of Economic Analysis
Survey of Current Business
Table of Contents
Selected articles may be accessed by clicking on the links below. (An Acrobat version of the table of contents is also available; however, links to other files will work only when you use Acrobat Reader 4.0.)
Among BEA component economic areas (CEA's), the CEA's with the highest average manufacturing earnings per job are those that have a greater proportion of manufacturing jobs, have a large, well-educated workforce, and have higher concentrations of industry clustering. The results from a regression analysis show that industry mix is the most important factor associated with average manufacturing earnings per job and that the education level of the workforce and the extent of industry clustering are also significant.
U.S. economic activity picked up in the third quarter of 1998: Real GDP increased 3.3 percent after increasing 1.8 percent in the second quarter. The price index for gross domestic purchases increased 0.5 percent after increasing 0.4 percent.
In model year 1998, sales of motor vehicles increased to 15.7 million units from 15.4 million units in model year 1997. The increase was more than accounted for by another strong increase in sales of new trucks, which reached a record 7.6 million units. Sales of new cars declined for the fourth consecutive year.
BEA's measure of personal income and the IRS measure of adjusted gross income are reconciled through a series of adjustments for definitional differences between the two measures. This year's reconciliation reflects the recent annual revision of the NIPA's, including the redefinition of dividend payments and the incorporation of revised IRS tabulations of capital gains distributions.
The estimates of gross product by industry for 1995--96 have been revised to incorporate the results of this year's annual revision of the NIPA's and newly available source data, and new estimates for 1997 have been prepared. In 1997, durable goods manufacturing and services were the largest contributors to the 3.9-percent increase in real GDP; finance, insurance, and real estate and services were the largest contributors to the 1.9-percent increase in the GDP price index.
For both 1996 and 1997, the reconciliation of the U.S.-Canadian current account results in a U.S. current-account deficit with Canada that is larger than the deficit shown in the U.S. published accounts. The annual reconciliation shows how the current-account estimates would appear if both countries used the same definitions, methodologies, and data sources.
Personal income in the Nation increased $78.0 billion, or 1.1 percent, in the second quarter of 1998. By region, the largest increase was in the Southeast, which accounted for 22 percent of the growth. By State, the fastest growth in personal income was in Nevada, Arizona, South Carolina, Utah, and Vermont. The slowest growth was in South Dakota, Hawaii, New Jersey, and Michigan.
D--2 Selected NIPA Tables (PDF)
D--27 Other NIPA and NIPA-Related Tables (PDF)
D--36 Historical Tables (PDF)
D--41 Domestic Perspectives (PDF)
D--43 Charts (PDF)
D--51 Transactions Tables (PDF)
D--57 Investment Tables (PDF)
D--62 International Perspectives (PDF)
D--64 Charts (PDF)
D--65 State and Regional Tables (PDF)
D--69 Local Area Table (PDF)
D--71 Charts (PDF)
D--73 Appendix A: Additional Information About BEA's NIPA Estimates
D--75 Appendix B: Suggested Reading
Inside back cover: BEA Information (PDF)
(A listing of recent BEA publications available from GPO)
Back cover: Schedule of Upcoming BEA News Releases (PDF)
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Updated: December 28, 1998