10 Economic Indicators

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Submitted By salescalante
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Economic indicators are pieces of economic data that are usually of macroeconomic scale. The investors and economists interested in foreseeing the health of the economy can use them. The data is analyzed from many different perspectives and takes many different factors into account. Experts have experience at interpreting numbers and drafting predictions as to how the market will be affected in terms of consumer price indexes, gross domestic products, unemployment rates, and the price of raw materials.
Keywords: Economic indicators, consumer price index, gross domestic product, unemployment.

Indicator 1: Employment Statistics.

Definition: It provides information on national employment, unemployment, wages and earnings data across all non-agriculture industries, including civilian government workers (H., 1924).

Data: Data.bls.gov. (2014). Labor Force Statistics from the Current Population Survey. Retrieved from the Bureau of Labor Statistics Page: http://data.bls.gov/pdq/SurveyOutputServlet?request_action=wh&graph_name=LN_cpsbref3

Interpretation: As demonstrated in the graph above, the unemployment rate rose drastically between 2008 and 2010, and it continued to decrease consistently thereafter. Evidently, the graph also shows the effect of the great recession in terms of unemployment. The great recession started when a housing bubble burst and people were unable to pay securities. As a consequence, many financial institutions, that had given credit to people who where then unable to meet their payments, were forced to file for bankruptcy dragging the market into a recession. The economy was affected with many companies being forced to foreclose, which in turn led to the rise of unemployment. Indicator 2: Money Supply

Definition: The money supply is the aggregate total of all money a country has in circulation to include…...

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