Second Estimates for real GDP growth in the United States indicate that the economy grew at 3.7 percent during the second quarter of 2015 after correcting by price change. The report from […]
Despite job losses, New Jersey’s labor market looks vibrant rather than sclerotic.
Regional and State statistics on employment and unemployment for the month of July 2015 looked motionless for the great majority of States in terms of over-the-month changes. Over-the-year though, nonfarm employment increased […]
Real Earnings and the use of Dubious Statistics.
The use of the Average Statistic deceives readers very often whenever the Mean gets severely affected by outliers within the data. One of the most repeated critics to data analysts is the […]
Follow up on US Construction Industry Data.
Follow up on US Construction Industry Data. At the beginning of the summer of 2015, both labor statistics on employment levels and US Gross Domestic Product showed a slowdown on job creation […]
It’s time to look at price changes without accounting for oil price effect.
After a year of declining crude oil prices which forged price spillovers all over the US economy, it is time for economists to look at price changes without accounting for the petrol […]
Data show Car Industry does just well without Donald Trump’s Advice.
As Donald Trump raises political sympathy by using rhetoric against Ford Company, the Auto Industry’s output jumped 10.6 percent in July 2015. Mr. Trump’s remarks in Michigan, on July 12th 2015, questioned […]
In July’s retail sales, Food and Drinking Services is King.
With some exceptions, retail sales for the month of July showed positive signs. As the summer season fades down, July sales’ advance estimates show good increases in food and drinking services (9%), […]
By devaluating the renmimbi, China unveils its fears of losing manufacturing jobs.
Operating a fixed exchange rate system has only a little time advantage. China’s effort to devaluate the renmimbi is buying time for Chinese government officials, only to figure out what to do […]
Does a worker choose not to work when collecting Social Security?
Campaigns against social security usually claim that Social Security Benefits discourage workers from being employed. Many right wing policy advocates point their fingers at Social Security Benefits as being expensive and further […]
Do Workers on Unemployment Insurance make Other Workers’ Income Worst?
Economists like to think that wages are set depending upon two basic factors plus a “catchall” variable. The two basic factors are expected price level and unemployment rate. The “catchall” variable stands […]