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 […]
Real Earnings and the use of Dubious Statistics.
Did the housing market affect negatively economic growth in 2015Q1?
Recent news on GDP 2015Q1 have many economists wondering about the possible domestic causes for such a negative growth (-.7%). The U.S. Bureau of Economic Analysis (BEA) did not hesitate in pointing […]
Despite GDP estimates, U.S. industries experienced growth on level of employment in April to April comparison.
Despite news showing negative growth in Gross Domestic Product for the first quarter 2015, most of the U.S. industries experienced growth on level of employment in April 2014 to April 2015 comparison. […]
Real US GDP increased 5.0 percent in the third quarter of 2014: BEA.
Real Gross Domestic Product increased 5.0 percent in the third quarter of 2014, the US Bureau of Economic Analysis reported today January 22 of 2015. The largest contributor for its expansion was […]
Median Wages and Earnings Continued Stagnant in 2014 for the Majority of US Occupations.
As President Barack Obama addressed the Nation’s Congress speaking of income inequalities among men and women, the Bureau of Labor Statistics released its quarterly report on weekly earnings focusing on such differences. […]
Where 0.8 percent US’ Inflation came from?
The Consumer Price Index increased 0.8 percent from December 2013 through December 2014, the US Bureau of Labor Statistics reported on January 16th 2015. This small increase represents the second-smallest December-December increase […]
US Census Bureau’s Advance Estimates show Retail Sales increased 3.2% in December 2014.
Advance Estimates for Retail and Food Services show that Sales for December 2014 increased 3.2 percent compared to December 2013. Statistics were adjusted by season, but not corrected for inflation, which gives […]
