Here’s a short summary of what the U.S. economy “looks like”. This slideshow was created by Heather Long for CNN® Money.
Generating “numbers” can be a very tricky business. Generating “accurate” numbers is in the “eye of the beholder” when it comes to who did the generating and what existing or relevant data was accumulated to do the calculating of the “final” number(s).
In previous postings, I have “talked a little” about many of the “numbers” that Ms. Long highlights.
Following are the links to my postings with reference to Ms. Long’s slideshow.
Slide #1: Unemployment Rate
The formulas, algorithms, data used to calculate unemployment are many, here’s a link to the Department of Labor’s Bureau of Labor Statistics web site.
Slide #2: Is the economy growing or contracting
Slide #3: Employment / Hiring rate / jobs creation
Slide #4: Is personal income increasing or decreasing
Slide #5: Types of jobs available or being created
Slide #6: Gas prices
Slide #7: Debt to GDP ratio
Slide #8: Average price of U.S. home
Slide #9: 30-year mortgage rate
Slide #10: Are American wages growing?