Data on both unemployment and prices have monetary policy analysts wondering whether or not the US supply side of the economy is heading towards overheating. Thus far, indicators on industrial production and […]
Summer enthusiasm in the Midwest lasted short. The season has not ended yet, as business leaders started to pose concerns in the months to come. The Tenth District Manufacturing Survey revealed that […]
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 […]
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 […]
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 […]
