Macroeconomic Measurement

Statistical Fun

Reading that China might be concerned with an annual 3.5 percent inflation rate, I wondered how that compared to other countries and the world.  At a Google site with World Bank data, not only did I get some answers, but I had some fun.  Graphically,…

Icemen and Pinsetters

In a wonderful story, NPR looked at “The Jobs of Yesteryear.”  Among those they discussed were pinsetters, elevator operators, icemen, and lamplighters. For each one, while technology made the occupation obsolete, the economy benefited with a higher GDP and a better standard of living. More specifically……

Unemployment History

With unemployment data scheduled for a Friday release, it might be helpful to place the numbers in perspective. The Dallas Fed has illustrated the following conclusions through a series of graphs comparing employment trends now to past recessions. 1. The…