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[http://www===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.bea7 percent in the fourth quarter of 2015, according to the "advance" estimate released by the Bureau of Economic Analysis.gov/indexIn the third quarter, real GDP increased 2.0 percent.htm BEA]
→Small Business Birth and Death Rate
*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 & DOW==
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. The increase in real GDP in the fourth quarter primarily reflected positive contributions from personal consumption expenditures (PCE), residential fixed investment, and federal government spending that were partly offset by negative contributions from private inventory investment, exports, and nonresidential fixed investment. Imports, which are a subtraction in the calculation of GDP, increased. The deceleration in real GDP in the fourth quarter primarily reflected a deceleration in PCE and downturns in nonresidential fixed investment, in exports, and in state and local government spending that were partly offset by a smaller decrease in private inventory investment, a deceleration in imports, and an acceleration in federal government spending. 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. *The personal saving rate, personal saving as a percentage of disposable personal income,was 5.4 percent in the fourth quarter, compared with 5.2 percent in the third. ===2015 GDP Growth=== Real GDP increased 2.4 percent in 2015 (that is, from the 2014 annual level to the 2015 annual level), the same rate as in 2014. *The increase in real GDP in 2015 primarily reflected positive contributions from personal consumption expenditures (PCE), nonresidential fixed investment, residential fixed investment, private inventory investment, state and local government spending, and exports. Imports, which are a subtraction in the calculation of GDP, increased. *Comparing real GDP growth in 2015 with growth in 2014, real GDP increased 2.4 percent in both years, though there were offsetting movements in the components. Decelerations in nonresidential fixed investment and in exports and an acceleration in imports were offset by accelerations in PCE and in residential fixed investment, a smaller decrease in federal government spending, and accelerations in private inventory investment and in state and local government spending. *The price index for gross domestic purchases increased 0.3 percent in 2015, compared with an increase of 1.5 percent in 2014. *Current-dollar GDP increased 3.4 percent, or $589.8 billion, in 2015 to a level of $17,937.8 billion, compared with an increase of 4.1 percent, or $684.9 billion, in 2014. *During 2015 (that is, measured from the fourth quarter of 2014 to the fourth quarter of 2015), real GDP increased 1.8 percent, compared with an increase of 2.5 percent during 2014. The price index for gross domestic purchases increased 0.3 percent during 2015, compared with an increase of 1.2 percent during 2014. From News Release by the [http://www.bea.gov/index.htm BEA] ==DOW Jones Industrial Average== All charts from [http://www.marketwatch.com/investing/index/djia Market Watch]. DOW as of Monday, February 8th, 2016 3:08 P.M. is at 16,027. Exact price/change/% change can be found at [http://www.marketwatch.com/investing/index/djia Market Watch]. ===5 Year Index=== [[Image:Dow5yr.jpg]] ===3 Year Index=== [[Image:Dow3yr.jpg]] ===1 Year Index=== [[Image:Dow1yr.jpg]] ===6 Month Index=== [[Image:Dow6month.jpg]] ===3 Month Index=== [[Image:Dow3month.jpg]]
==Venture Capital Investment Data==
The venture capital ecosystem deployed $58.8 billion across the United States in 2015, marking the second highest full year total in the last 20 years, according to the MoneyTree™ Report from PricewaterhouseCoopers LLP (PwC) and the National Venture Capital Association (NVCA), based on data provided by Thomson Reuters. For the fourth quarter of 2015, venture capitalists invested $11.3 billion into 962 deals, down 32 percent in dollars and 16 percent in deals compared with the third quarter when $16.6 billion was invested in 1,149 deals. The fourth quarter also marks the eighth consecutive quarter of more than $10 billion of venture capital invested in a single quarter, but also represents the smallest amount invested since the third quarter of 2014.
*By location, 13 of the quarter’s 16 IPOs were from U.S.-based companies.
[http://nvca.org/pressreleases/seventy-seven-venture-backed-companies-went-public-in-2015/ NVCA]
==Small Business Birth and Death Rate==
[http://www.brookings.edu/~/media/research/files/papers/2014/05/declining%20business%20dynamism%20litan/declining_business_dynamism_hathaway_litan.pdf Brookings Institute Business Dynamism Report]
[[Image:Screen Shot 2016-02-15 at 1.28.28 PM.png|500 px]]
*Business dynamism is the process by which firms continually are born, fail, expand, and contract, as some jobs are created, others are destroyed, and others still are turned over.
*Entrepreneurs key
*Recent research shows that dynamism is slowing down
**Across a broad range of sectors in the U.S. economy, even in high-tech
**National decline in business dynamism has been a widely shared experience
*Implies a continuation of slow growth for the indefinite future, unless for equally unknown reasons or by virtue of entrepreneurship-enhancing policies (such as liberalized entry of high-skilled immigrants), these trends are reversed
