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Table of Contents

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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

Index



CHAPTER 1: INTRODUCTION

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

CHAPTER 2: TOTAL OUTPUT and INPUT

Gross Domestic Product         13

Recession vs. Depression       23

The NIPAs         27

Personal Income         30

CHAPTER 3: PRODUCTION and GROWTH

Purchasing Managers' Index         35

Index of Industrial Production       39

Capacity Utilization         43

Labor Productivity         46

Leading Economic Index                 50

CHAPTER 4: INVESTMENT and CAPITAL EXPENDITURES

Gross Private Domestic Investment       57

New Building Permits and Housing Starts         62

Business Inventories         66

Inventory/Sales Ratio         70

Durable Goods Orders         72

CHAPTER 5: EMPLOYMENT and UNEMPLOYMENT

Total Employment         75

New Jobs Created         78

Unemployment Rate         81

Help-Wanted Advertising         87

New Jobless Claims         90

CHAPTER 6: SPENDING, PROFITS, and EXPECTATIONS

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

CHAPTER 7: PRICES, MONEY, and INTEREST RATES

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

CHAPTER 8: STOCK PRICES and INTERNATIONAL TRADE

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


APPENDIX: CHAIN WEIGHTING       169

INDEX:       173