ADP Regional Employment Report
Change in U.S. nonfarm private sector employment
EMBARGOED FOR RELEASE: 8:30 A.M. EDT, Wednesday, August 20, 2014
Today, the U.S. Bureau of Economic Analysis released prototype statistics of quarterly gross domestic product (GDP) by state for 2005–2013. These new statistics provide a more complete picture of economic growth across states that can be used with other regional data to gain a better understanding of regional economies as they evolve from quarter to quarter.
The new data provide a fuller description of the accelerations, decelerations, and turning points in economic growth at the state level, including key information about changes in the distribution of industrial infrastructure across states. These prototype statistics are released for evaluation and comment by data users.
"As 'America's Data Agency,' the Commerce Department is committed to making more of its rich data available in a more accessible way," said U.S. Secretary of Commerce Penny Pritzker. "The new regional economic statistics BEA released today provide more timely snapshots of each state's economic health. The report is just one example of how the Commerce Department is working to provide businesses, entrepreneurs, taxpayers, and policymakers with the latest economic intelligence to inform their decision making."