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 […]
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 […]
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. 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 […]
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 […]
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 […]
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%), […]
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 […]
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 […]
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 […]
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