Mission College Sources for Economic Indicators – coursefighter.com

Mission College Sources for Economic Indicators – coursefighter.com

Business Finance – coursefighter.com

Please pick 3 economic indicators (see the list below – the business cycles indicators are also listed in your e-book) and find the data for these economic indicators for the last 13-14 years to include the 2007-09 recession. (You can find historical data for most of these economic indicators on www.fred.stlouis.org but the complete list of sources are below.)

  1. How do these economic indicators explain the changes in real GDP for these years?

Your starting point is the historical chart for Real GDP for the last 14 years like the following:

https://fred.stlouisfed.org/series/GDPC1 (choose the 14 year period)

Then find the 14-year charts for each of the 3 indicators you pick and explain the the fluctuations in these indicators with respect to Real GDP. Include the historical chart for each indicator in your answers. (The Federal Reserve Bank evaluates the changes in all these indicators to evaluate the overall economy but in this assignment you will be taking only 3 of them. Try to pick different indicators so we can have a complete picture of the economy. )

Below you will find the original source for each indicator but Federal Reserve Bank of St. Louis Economic Data (FRED) https://fred.stlouisfed.org/ is a shortcut and it’s easier to find historical data on this website (Search FRED) for most of the indicators. I recommend that you go to the original sources to experience finding data.

Respond to a classmate’s post.

Sources for Economic Indicators:

Leading Indicators

Average workweek www.bls.gov (Table B-2. Average weekly hours and overtime of all employees on private nonfarm payrolls by industry sector, seasonally adjusted)

Unemployment claims www.bls.gov (Table 1. Mass layoff events and initial claimants for unemployment insurance, January 2009 to December 2012, seasonally adjusted)

New consumer goods orders Conference Board

Delayed deliveries www.napm.org (ism.ws)

New orders for plant and equipment Conference Board

New building permits www.census.gov

Stock prices www.standardandpoors.com

Money supply www.federalreserve.gov (H6), Conference Board

Interest rates www.federalreserve.gov

Consumer expectations Surveys of Consumers University of Michigan, http://press.sca.isr.umich.edu/press/press_release

Coincident indicators

Nonagricultural payrolls www.bls.gov

Personal income minus transfer payments Conference Board

Industrial production www.federalreserve.gov (G17 Table 1 and Table 1A)

Total industry capacity utilization rates www.federalreserve.gov

Manufacturing and trade sales Conference Board

Lagging Indicators

Unemployment rate www.bls.gov

Duration of unemployment www.bls.gov

Labor cost per unit of output www.bls.gov

Consumer price index for services www.bls.gov

Commercial and industrial loans Conference Board

Consumer credit to personal income ratio Conference Board

Prime rate www.federalreserve.org


Federal Reserve Bank of St. Louis Economic Data https://fred.stlouisfed.org/

Federal Reserve Bank of Richmond – National Economic Indicators http://www.richmondfed.org/research/national_economy/national_economic_indicators/pdf/all_charts.pdf

US Census Bureau http://www.census.gov/briefrm/calendar-listview.html

Federal Reserve Bank of St. Louis Economic Data http://research.stlouisfed.org/fred2/releases

Economic Policy Institute http://www.epi.org/types/economic-indicators/gdp-picture/ (

The Financial Forecast Center http://www.forecasts.org/index.htm

Library of Economics and Liberty http://www.econlib.org/library/data.html

Trading Economics http://www.tradingeconomics.com/indicators

Economics Indicators Calendar https://www.newyorkfed.org/research/calendars/nationalecon_cal.html