In assessing an economy's health, the nation's unemployment rate plays a major factor in setting monetary policy and making strategic economic decisions. There are various ways to calculateunemployment, however, the general public is most familiar with the U-3 rate. The calculation for this itera...
For much of 2024, it appeared the Federal Reserve had successfully navigated a tricky line, tempering the hottest inflation in four decades while keeping the U.S. economy from sinking into a recession. But recent weak economic data is prompting some economists to caution that the nation isn't...
A thorough analysis can assist in determining overall economic stability of a nation. For example, the U.S. uses current GDP data to form various national policies. The commonly used formula for calculating GDP—the expenditure approach—is also known as the national income accounting equation. Th...
For example, the statement “the statistics show that the crime rate has increased” is referring to facts or numbers collected from research involving crime rates. More precisely, a statistic is a small piece of data from a portion of a population. It’s the opposite of a parameter — ...
New York State's 5 Most Dangerous Roads [RANKED] With plenty of big cities and numerous busy highways, it should come as no surprise New York state is unfortunately home to some of the most dangerous roads in the nation. While you would expect New York City to be the home of such road...
The Great Depression affected all aspects of society. By its height in 1933, unemployment had risen from about 3% to nearly 25% of the nation’s workforce.3Some workers who kept their jobs saw their wages fall, many others had to work lower-paying jobs that they were often overqualified ...
Nominal GDP refers to the value of the Gross Domestic Product (GDP) valued at current prices. Precisely, Nominal GDP is the total market value of goods and services produced domestically at the current prices prevailing in the economy...
To function properly, the economy needs fiscal and monetary authorities to play their respective parts: Plan and prioritize spending at the national level. Collect taxes and issue debt securities so the nation’s bills can get paid. Control the supply and demand of money to facilitate consumpti...
If you were at Lakes Jam and lost items that you don't see here, all hope is not lost. They may still find items. There were many people responding to Lakes Jam's post; most of them were thankful that Lakes Jam took the time to try to find the owners. I agree! They certainly ...
nation that will not melt down(Ireland, Canada and Australia are not in bad shape). yeah we have a boomer problem, but Europe and Japan have this *with* a rapidly shrinking population and even faster shrinking workforce. The US has the highest birthrates of any western power *and* ...