ECO 1002 Lecture Notes - Lecture 20: Economic Indicator, Shake Shack, Yield Curve
23 Aug 2016
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Document Summary
How much does one worker produce in one hour. Productivity takes same # of people but produces more. Compensation went to the -> corporations, taxes. The first friday every month unemployment statistics come out. Globalization- > competing against people around the world. Productivity is key to bringing us back up. Fed reserve acts like this is an indicator whether to raise interest rates or not. Lower than in the past few months comparably. # of jobs created went down from previous months. Employed + unemployed / (total adult population = labor force. People dropped out of labor force ( some retired!) Grey rectangular area on chart = recession. Diff. numbers indicate how our economy is doing. If this indicator goes up (for a while )in advance tells us more likely the economy is gonna go up ( for the future 4-6 months from now) Include index of consumer expectations, building permits, and the money supply.
