A Guide to Everyday Economic Statistics https://www.mheducation.com/cover-images/Jpeg_400-high/1260025411.jpeg 8 9781260025415 The 8th edition Guide to Everyday Economic Statistics is a handy resource for understanding common everyday economic statistics and their historical context. The authors examine how different series are constructed, how they can be interpreted, and how we may use them effectively. Students of all levels will find this guide easy to read and helpful in understanding how individual statistics relate to the economy as a whole.
A Guide to Everyday Economic Statistics

A Guide to Everyday Economic Statistics

8th Edition
By Gary Clayton and Martin Gerhard Giesbrecht
ISBN10: 1260025411
ISBN13: 9781260025415
Copyright: 2019
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Program Details

Brief Table of Contents:

Chapter 1: Introduction
Chapter 2: Total Output and Income
Chapter 3: Production and Growth
Chapter 4: Investment and Capital Expenditures
Chapter 5: Employment and Unemployment
Chapter 6: Spending, Profits, and Expectations
Chapter 7: Prices, Money, and Interest Rates
Chapter 8: Stock Prices and International Trade

Appendix: Chain Weighting



How the Statistics in This Book Were Chosen 1

A Frame of Reference 2

The Many Faces of Economic Statistics 5

Abusing Economic Statistics 7

Using Economic Statistics 9

And Beware of Forecasts!       10

A Final Word         12


Gross Domestic Product         13

Recession vs. Depression       23

The NIPAs         27

Personal Income         30


Purchasing Managers' Index         35

Index of Industrial Production       39

Capacity Utilization         43

Labor Productivity         46

Leading Economic Index                 50


Gross Private Domestic Investment       57

New Building Permits and Housing Starts         62

Business Inventories         66

Inventory/Sales Ratio         70

Durable Goods Orders         72


Total Employment         75

New Jobs Created         78

Unemployment Rate         81

Help-Wanted Advertising         87

New Jobless Claims         90


Consumer Spending         93

Retail and E-Commerce Sales       96

Wholesale Sales         99

Consumer Expectations and Confidence         101
Employment Cost Index               104

Corporate Profits       106

Beige Book       108


Consumer Price Index       113

Producer Price Index       120

Money Supply       123

Fed Funds Rate       126

Primary Credit Rate       129

Treasury Bill Rate       132

Prime Rate       134

The LIBOR       137


The Dow Jones Industrial Average       141

The Standard & Poor's 500       146

The Russell 3000 Index       149

The Wilshire 5000       152

The NASDAQ Composite       155

The Balance of Trade       158

International Value of the Dollar       162

Foreign Exchange       166


INDEX:       173

About the Author

Gary Clayton

Gary E. Clayton is Professor and former Chair of the Economics & Finance Department at Northern Kentucky University. His Ph.D. in economics is from the University of Utah and he is the only American with an Honorary Doctorate from the People’s Friendship University of Russia (PFUR) in Moscow. He has appeared on numerous radio and television programs and for two years was a regular guest commentator on economic statistics for NPR’s Marketplace. In addition to his other writings and newspaper commentary, he has published five textbooks in the middle school, high school and college markets, including the best-selling Understanding Economics with McGraw-Hill Education. Professor Clayton’s web portal, www.EconSources.com, was described as “among the most useful [sites] on the web” by the Federal Reserve Bank of Boston’s Ledger.

Dr. Clayton has taught international business and economics to students in London, Austria, and Australia. He is interested in the economic advancement of developing nations and in 2006 helped organize a micro loan project in Uganda. He is a year 2000 Freedoms Foundation Leavey Award winner for Excellence in Private Enterprise Education, an Association of Real Estate License Law Officials (ARELLO) national Consumer Education Award winner, and the recipient of a national teaching award from the National Council on Economic Education. In 2005 Dr. Clayton was the recipient of Northern Kentucky University’s Frank Sinton Milburn Outstanding Professor Award.

Martin Gerhard Giesbrecht

Martin Gerhard Giesbrecht is a Professor Emeritus of Economics at Northern Kentucky University.  He has taught and/or conducted research at Stanford University, the University of Chicago, Harvard University, Indiana University, National Chengchi University (Taiwan), Rutgers University, and Wilmington College.  His doctoral degree (cum laude) was earned at the University of Munich, Germany, which he attended on a Fulbright Grant. Making economics accessible, intellectually enlightening, and even entertaining is the mission of Martin Giesbrecht’s professional life.  All of his 12 books, including this one, and his many shorter articles, some of which have also appeared in German and Chinese, are dedicated to that end, as are hi s weekly radio commentaries on WNKU and WMKV.  Because he writes and speaks in a way that people can understand, the Society of Professional Journalism bestow ed the Award for Excellence on him in 1993.  He has also won awards from the German-American Chamber of Commerce, the National Aeronautics and Space Administration (NASA), the American Society for Engineering Edu cation, the National Science Foundation, the General Electric Foundation, the Ford Foundation, the U.S. Small Business 


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