From machines to manicures, what goes into the GDP these days?
Its critics call the GDP an outdated metric that's ill-suited to assessing America's economic health. But it's a constantly evolving measurement, says Steve Landefeld, head of the agency that calculates it, that now includes the value of long-running American TV…
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Finding GDP alternatives to quantify ‘unpriceable’ prosperity
Gross domestic product, the total dollar value of goods and services sold in the U.S., has become fundamental to American economic policy. But there are other essential assets, qualities and conditions that GDP can't measure, like the health of the…
GDP rules the world, but should it?
Gross Domestic Product is the king of all statistics, across the world, says author Zachary Karabell. But what was a good metric for 1950s economies, he says, is ill suited to measuring economic health in 2014.
U.S. Economy Rebounds 3.5% in Third Quarter
The U.S. economy expanded at a 3.5 percent annual pace from July to September, according to Commerce Department figures released Thursday, in a signal that the worst recession since the 1930s may be easing.
Retail sales for September fell by the largest amount this year, though most of the drop is attributed to cars sales plummeting at the end of the government's popular 'cash for clunkers' program.
The U.S. economy contracted only slightly in the second quarter with gross domestic product decreasing by an annual rate of 1 percent, another sign that the nation's economic situation could be stabilizing.
The U.S. economy shrank slightly less than initially estimated at a 5.7 percent pace at the start of 2009 as the recession lumbered into the new year, according to a government report released Friday that hinted the recession might be…
The U.S. economy contracted at a sharp 6.2 percent pace at the close of 2008, its worst showing since 1982, as exports plunged and consumers and businesses cut back spending.
The U.S. economy shrank at its fastest rate in more than a quarter century between October and December, according to federal government data released Friday.
