Thursday, April 8, 2010
1. Anyone who deals with international trade would be interested in this. The Trade Weighted Index might be used to determine how much certain goods are worth, and how much to buy them for, for any country in the world.
2. This statistic is collected by creating an weighted average of exchange rates, with the weight of each foreign country equal to its share in trade. More prominent trading partners receive a higher index. In the US, this data is collected by the Federal Reserve, and is compiled every month.
3. Using the value of $100 in January 1997 as a reference point, that amount would be worth $102.8725 according to the Trade Weighted Index for March 2010. Compared to other countries, one US dollar is currently worth 1.3570 euros and 1.5058 British pounds.
The People, "Trade Weighted Index", Wikipedia
"Foreign Exchange Rates (March 2010)", Federal Reserve Statistical Release, April 1, 2010
1. The study was conducted by the US Center for Disease Control and Prevention.
2. Because the CDC is run by the government, the study was government-funded.
3. The CDC, I assume, would not have any interest in a particular result. Also, due to the simplicity and official nature of the study, I think it is safe to assume that the report contains very little bias.
4. Although not noted in the article, information on methodology is included in the official report. The study is based on 99.9% of the births in 2008. That data is then compared to "independent control counts of all births received in state vital statistics offices in 2008."
5. The results are communicated in a very straightforward manner. I would even go so far as to say that the article is a little too heavily weighted toward clear statistical data and does not embellish on the data enough.
6. The article does not use any graphs, although they would have been very useful in the presentation of this data.
Patrick B. Craine, "U.S. Birth Rate Drops Below Replacement Level", Life Site News, April 7, 2010
Wednesday, April 7, 2010
The population of Michigan is also of interest to businesses and interest groups. Knowing how many people live in the Michigan can determine the quantity of advertising companies decide to place in the state, in addition to the final allocation of products or services to the area. For example, a housing development company will be much more inclined to build in Michigan if the population is growing rather than shrinking.
2. The official count of Michigan’s population is determined by the U.S. Census Bureau every ten years in compliance with the Constitution. In the interim, the Census Bureau makes estimates of the population size. According to their website, “Existing data series such as births, deaths, and domestic and international immigration, are used to update the decennial census base counts.”
3. The most recent estimate puts the Michigan resident population at 10,003,422. This represents a 0.7% increase since the last hard count in 2000, which put the Michigan population at 9,938,492. The United States, by comparison, was estimated to have a population of 304,059,724 in 2008 and a much faster rate of growth. According to the Census Bureau, U.S. had a population of 281,424,602 in 2000. This represents an 8% population increase between 2000 and 2008.
U.S. Census Bureau. 23 February 2010. “Michigan Quickfacts.” http://quickfacts.census.gov/qfd/states/26000.html.
- Among those interested in consumer confidence would be virtually all business owners that desire to know the spending activity of the consumers in their field, political candidates who want to adhere to the trust issues of his or her people, government policy makers, and economists who look for trending patterns and attempt to create foundations for economic structures.
- The Conference Board is a non-profit organization that makes economics-based forecasts, assesses trends, and facilitates learning by creating dynamic communities of interest in order to bestow knowledge about management and the marketplace to help businesses strengthen their performance and better serve society. Every month, The Conference Board collects statistics from 5,000 households.
- In March, The Conference Board Consumer Confidence Index increased to 52.5, which is a rebound from a drop down to 46.4 in February. Consumers' confidence is dependent on their concern about current business and labor market conditions. Currently, consumer confidence levels continue to be pessimistic and have stayed relatively consistent from last year at this time.
2. Statistics on manufacturing is collected by the companies and is usually updated/reported quarterly to show gains/losses as well as performance value. Employment is gathered through a collaborative effort from both the state and the company, with the company having to report who is on their payroll, how many employees, etc.. and the state department does surveys to find out how many potentional workers are unemployed. This statistic is done annually.
3. Because I referenced Ford and Detroit's big three as Michigan's major manufacturing company, I will give its statistics from its most recent quarter in accordance with Unemployment in the metro detroit area.
In 2006 Ford posted a quarterly loss of $5.8 Billion USD- this was during the worst of the financial crisis. Since then, Ford has recovered greatly. But to show the relation between this companies performance and employment- In 2006 Michigan had the highest unemployment rate over any other state at 6.9%.
Tuesday, April 6, 2010
2. The census bureau will calculate it. And they derive it from the lorenz curve, and their data on households vs income. Which is taken every census year.
3.The 2008 Gini coefficient rating for the U.S was .466 which can be compared to canada or most countries in europe which sit in the 20's and 30's. http://en.wikipedia.org/wiki/File:Gini_Coefficient_World_CIA_Report_2009.png
Source http://www.census.gov/prod/2009pubs/p60-236.pdf and http://en.wikipedia.org/wiki/Gini_coefficient#Calculation
2. Collected from 164 different countries, most likely annually, but isn't stated.
3. In terms of the U.S., the U.S.'s percent of goods and services exports of the GDP is 11.24% compared to the average of all 164 countries at 41%
2. It is collected by The Conference Board, a non-governmental organization, monthly.
3. It increased 0.1 percent in February, following a 0.3 percent gain in January, and a 1.2 percent rise in December, pointing to a slow recovery this summer.
http://www.conference-board.org/economics/bci/pressRelease_output.cfm?cid=1. Global Business Cycle Indicators, The Conference Board, Thursday, March 18, 2010
1. Many people would be interested in this statistic because, if auto sales are increasing, then the economy is doing well. The general population, along with automotive companies, companies who supply parts to automotive companies and the government are very interested to see how high auto sales are compared to last month / year.
2. This statistic is collected by combining the amount of money collected every month from each auto sale. I particularly looked at United States auto sales to see how companies like GM and Ford are doing, since they are founded in the US. Every month the number of sales is recorded and examined by many analysts, especially now to see how we are doing coming out of this economic recession.
3. Our SAAR (Seasonal Adjusted Annual Rate) for auto sales was $11.7 million in March. This is about the same level as it was in September of 2008, when within the next month, auto sales plummeted due to the recession. However, we achieved $11.7 million in sales last December 2009, so we are not really advancing forward. Analysts would love to see us break the $12 million mark because this would mean that we would be above September 2008's average, which would be sending us in the right direction.
1. Not only the automobile industry, but also just anyone interested in buying a vehicle would be interested in the annual vehicle production statistic of the US auto industry. To help detect sales, completion and production trends for the future as a comparative study of the past, auto-manufactures would definitely have a use for a statistic like this.
2. This statistic was taken by the US Department of Transportation, and was completed with a “Continuous Measurement” system, that is rather than a decennial census, a monthly sample survey replacing the long-form census of US Vehicle Production.
3. Year: Total production in thousands
2005: 11,947 2006: 11,260 2007: 10,752 2008: 8,673
RITA. Bureau of Transportation Statistics: “Annual U.S. Motor Vehicle Production and Factory (Wholesale) Sales.” 2008. http://www.bts.gov/publications/national_transportation_statistics/html/table_01_15.html.
2. This statistic is an estimate created from the data of various sources including a household survey called the Current Population Survey, the Current Employment Statistics program, State Unemployment Insurance systems, and the US Census which is conducted every ten years. Unemployment rates are seasonally adjusted and updates are available either every 3rd Friday or 12 days later than that (depending on the area).
3. The unemployment rate for Michigan is 14.1% as of February 2010, compared to 7.1% in February of 2005, and 3.3% in February of 2000.
2) Capacity utilization statistics are used by administering surveys to goods-producing industries at the plant stage. The survey is carried out by the US Federal Reserve Board and recorded in the FRB utilization index. Another survey is given by the Institute of Supply Management. The FRB issues the survey and publishes data on a monthly basis and additionally produces yearly numbers.
3) Released in February 2010 by the FRB, the most recent capacity utilization for all US industries was 72.7%. This number is up 2.1% from February 2009, but overall capacity has dropped 1.2% since that time. In specific industries there is much variance, with numbers ranging from 83.1% in utilities industries and 69% in manufacturing. Overall, these numbers are considerably lower than the industry-wide average of 80.6% since 1972. All industries other than utilities have experienced decreased overall capacity since February 2009. The all-time high, industry-wide capacity utilization was 85.1% 1989. Many countries operate at between 70% and 90% capacity. In 2004 the US operated at 79.7% capacity while Canada and Japan operated at 87% and 84% respectively.
Capacity Utilization statistics were collected from:
Capacity Utilization Information was also collected from:
Workers would be affected by inflation as their incomes do not shift with inflation immediately. This means that if the inflation increased, a worker's income would not be able to buy as much as his salary has not been adjusted to inflation.
Lenders would be interested in inflation as the interest they collect will not be worth as much as before.
Savors would feel that the dollars they saved today will not be worth the same in the future.
Pensioners would be affected if their savings do not increase as rapidly as prices do because they are living on a fixed income.
Businesses will not invest as they cannot plan for the future if inflation fluctuates.
2. Economists are able to predict the inflation expectation by looking at long-term bond yields and how investors are pricing inflation indexed bonds. Alternatively, consumer confidence can be measured by surveys such as the Reuters/ University of Michigan consumer sentiment index.
3. According to the Financial Times, "Short View: Inflation expectations", by John Authers; published on March 23rd 2010; http://www.ft.com/cms/s/0/b1d8d96a-36a6-11df-b810-00144feabdc0.html; they currently expect 2.2% inflation using the Financial Times, 10 year breakeven rates. The inflation expectations for 2009 was 0.9% and in 2008 was 2.3%.
Monday, April 5, 2010
1. Business owners, government, politicians, and economists would like to know the consumer confidence of people in the economy.
2. The statistic is collected by 5,000 households by The Conference Board every month.
3. Recently, the month of march has increased after dropping in february. March's consumer confidence is 52.0 compared to february's 46.4 consumer confidence which is compared to the 1985 consumer confidence which was 100. This number usually correlates with how the economy is doing, like when the house market crahsed, the consumer confidence of the nation fell also.
[I think this is okay now; there seemed to be an extra space in the address CAS. This hyperlink thing does not work, or when i do add link, the link does not show at all on my post, i have no clue how to fix it.]
1) Those parties interested in this statistic would be investors in oil companies, oil companies, countries importing and exporting oil, business's that use trucks or planes, and consumers.
2) The U.S. government collects the statistics through the U.S. Energy Information Administration. The agency collects the data everyday and publishes publishes it weekly.
3) Regular Gasoline Prices (cents per gallon)
PADD I: 277.3
PADD II: 275.4
PADD III: 268.2
PADD IV: 279.1
PADD V: 303.7
In order to put this statistic in perspective these are the regular gasoline prices (cents per gallon) for each PADD one year ago.
PADD I: 202.5
PADD II: 203.1
PADD III: 196.9
PADD IV: 193.7
PADD V: 220.7
From comparing these two sets of data it can be observed that regular gasoline prices were lower one year ago than they are today all across the United States.
2. This statistic is released every month by the Federal Reserve Board. The data is often collected directly from the Bureau of Labor Statistics and trade associations, both on physical outputs and inputs used in the production process.
3. The most recent number for the statistic is 101.0 Right now the number is compared to the year 2002, which is considered the "base year" and has a numerical value of 100. So we can compare the most recent IPI number to this base year number of 100.
2. This statistic is collected by the Bureau of Labor which is by the government. This statistic is collected monthly. These statistics are adjusted because politicians need to know how many people are employed and unemployed. It matters a great extent how many people are in the labor force because these statistics affect the economy greatly.
3. The civilian labor force in Michigan is 4,844.2 in February 2010. Since this data is collected monthly, we can compare previous months. In January the civilian labor force in Michigan was 4,839.6. These numbers show how the work force is growing slowly as the economy is getting better. The civilian labor force is made up of the population who is over 16 and people are not in the military or institutions such as prison. The unemployment rate comes from this number and it is the percentage of people who are not actively seeking employment.
U.S. Bureau of Labor Statistics Local Area Unemployment Statistics Information and Analysis
1. The gross domestic product is one of the primary indicators used to gauge the health of the country’s economy. It represents the total dollar value of all good and service produced over a period of time. To make sure that GDP can be most accurately compared year-to-year, the Bureau of Economic Analysis is interested in calculating and reports the GDP. Also the people in the country are interested in gross domestic product. The government is also interested in selecting companies that are steady, not small ones.
2. For GDP to be collected, the BEA makes three important distinctions. First they collect from the U.S.’s import and income from the companies. When they collect GDP, the effects of inflation are taken out. Also the only final product gets counted. The GDP is measured quarterly and thats how it receives better data. Much of the data used in GDP is collected by sending out surveys to different companies. There are surveys sent to retailers and manufacturers to ask about their output or sales in a monthly basis.
3. In 2008 and 2009, the economy contracted for four consecutive quarters. The Great Depression was the last time it happened, and now it is happening now. The economy fell .7% in Q1 with the Bear Stearns bailout, but resumed 1.5% growth by Q2. When the banking system was decreasing in the third quarter, the economy shrank 2.7%. The Lehman Brothers collapse delivered the death blow - the economy dropped 5.4% in Q4. The GDP collapsed 6.4% in Q1 2009. By the second quarter, the economic stimulus package started to work, and the economy fell only .7% in Q2. It finally grew again by 2.2% in Q3.
Sunday, April 4, 2010
1 1 1. Motor vehicle manufacturers, the Department of Motor Vehicles (DMV), parents, and psychologists would be interested in the motor vehicle fatality statistics. The manufacturers and the DMV would want to know these statistics because they would be able to better understand which vehicles needed to become safer and which roads could need to have regulations changed, respectively. Parents and psychologists would want to know these statistics so that they could see the demographics for the most fatal accidents and in some cases to pick out a statistically safe vehicle for a new driver in the family.
2 2 2. The motor vehicle fatality statistics would be gathered from police reports after car accidents. The data is posted yearly, and depends directly on the number of fatal accidents that are reported.
3 3 3. The most recent statistic is the total number of motor vehicle fatalities in 2008. The data that I found is a compilation of the driver, passenger, motorcyclist, pedestrians, pedalcycalitsts (bicyclists), and ‘Unknown’ fatalities totaling 37,261 in the United States. The total motor vehicle fatalities in Michigan for 2008 were just 980 fatalities. 980 fatalities is a 31% decrease in motor vehicle fatalities between the years of 1994 and 2008. Also, for every 100 million miles traveled in MI, there were only 1.04 fatal accidents (2007).
Saturday, April 3, 2010
Friday, April 2, 2010
2. The statistic is gathered by The Bureau of Labor Statistics (BLS), wherein they define productivity as a “measure of economic efficiency which shows how effectively economic inputs are converted into output”. There are two BLS programs that “produce labor productivity and costs (LPC) measures for sectors of the U.S. economy”. The Major Sector Productivity is published quarterly and is the most commonly cited statistic, while the Industry Productivity program publishes annual measures. (http://www.bls.gov/lpc/)
3. The BLS reported that the “nonfarm business sector labor productivity increased at a 6.9 percent annual rate during the fourth quarter of 2009”. It further expands on this statistic by stating “From the fourth quarter of 2008 to the fourth quarter of 2009, productivity increased 5.8 percent as output declined 0.2 percent and hours fell 5.7 percent”. This resulted in the annual measure of productivity increasing 3.8 percent from 2008 to 2009. (http://www.bls.gov/news.release/prod2.nr0.htm) Furthermore, a chart posted on the website shows changes in productivity in the nonfarm business sector from 1947-2009. This bar chart shows that after a dip from 1947-73 to 1973-79, the average annual percent change in productivity has been steadily increasing. (http://www.bls.gov/lpc/prodybar.htm)
Labor productivity and costs (lpc). (n.d.). Retrieved from http://www.bls.gov/lpc/
Productivity and costs, fourth quarter and annual averages 2009, revised. (2010, March 4). Retrieved from http://www.bls.gov/news.release/prod2.nr0.htm
Productivity growth by major sector, 1947-2008. bar chart. (2010, March 5). Retrieved from http://www.bls.gov/lpc/prodybar.htm
This is a survey that was conducted by The Times and CBS news to show the fall of public support for Obama since his election.
1) The survey was conducted by both The Times and CBS News.
2) The sponsor was undisclosed.
3) The sponsor was trying to show the fall in the public support for Obama in the past year.
4) No sample size was included but it was a telephone survey.
5) The results are shown on a simple line graph.
6) Yes, the whole survey is shown on the graph and it is clear to decipher the intended meaning.
2. The sponsor is undisclosed
3. Yes, the sponsor was looking to find the where the world's best airports were located and why they were the considered the best.
4. There was no methodology included in this particular article.
5. Yes, the results are clear in listing which airports were chosen as the best.
6. No graphs were used in this survey.
April 2, 2010| by International Herald Tribune| The New York Times
1. The survey was conducted by the California Citizens Compensation Commission.
2. The sponsor of the research is undisclosed. However, the survey was conducted to see whether or not California lawmakers could handle a pay cut, so I assume it was federally sponsored.
3. Were the sponsors federal, they probably wanted to find that California lawmakers were the highest paid in the nation.
4. Methodology is not included.
5. The results, that lawmakers in CA receive higher salaries than those of any other state, are clearly defined.
6. No graphs or tables are included.
March 29, 2010|By Anthony York, Los Angeles Times Staff Writer
2. The sponsor is not specifically stated, but since it is a national institute I would assume it received a fair amount of federal sponsorship.
3. The sponsor of the study would definitely have an interest in finding a particular result- this information is an assessment on the prevalence of drug abuse int he United States and can therefore measure the effectiveness of anti-drug campaigns, as well as target problem demographics.
4. Yes the methodology is included- they used surveys in order to gather information. The sample was given nationwide to high school students, so while this is a good measure of drug use in youth ages 13-18, it does not necessarily represent the greater population.
5. Yes the results are given in a clear manner, presented with a subset of trends for each drug.
6.There were no graphs in this survey.
Rabin, Roni Caryn. "Nutrition: Rise in Soda Price Linked to Better Health". New York Times. March 15, 2010. http://www.nytimes.com/2010/03/16/health/research/16nutr.html?scp=8&sq=study&st=cse
Thursday, April 1, 2010
1. Peter Corbett did the statistics and the analysis that went with it. He performed these statistics two years ago and compared the results.
2. It seems like he sponsored / was able to find the selected data.
3. He was curious in finding out the result to inform the general population who uses Facebook that the older generation does have a big impact on the total population of Facebook.
4. His sample size was dependent on the number of users that use Facebook and the number of users in the demographic of 35-54 years old.
5. Yes, he gives percentages for users within certain age groups, location in the United States and gender.
6. No, no graphs were used in this article but a table was, and that was clearly given.
New York Ripe for Electric Cars, Study SaysBy TODD WOODYJanuary 11, 2010, 10:39 AMhttp://greeninc.blogs.nytimes.com/2010/01/11/new-york-ripe-for-electric-cars-study-says/
Porsche Tops in Dependability Study, Cheryl Jensen, New York Times, 3/18/10
1. Harris Interactive did the study.
2. The sponsers are undisclosed.
3. Since the sponsers are unknown, it can't be said. But one thing is sure is that the article is slanted, just look at the unflattering picture. Also, it is a controversial topic, so it could be slanted.
4. It says nothing about the methodolgy inculded. But the contries chosen obviously weren't random countries, they were just powerful/ relevant.
5. Yes there is a nice chart which is simple and straight foreward.
6. There are no graphs.
Marlar, Jenny. “Underemployment Rises to 20.3% in March.” Gallup.com. 1 April 2010.
1. The survey was conducted by “Gallup Daily tracking.”
2. The survey was sponsored Gallup.
3. This Gallup survey would find a definite interest in these particular results, given their line of work. As Gallup is a company whose main focus is in the research of surveys and polls, not just these but other survey results would interest them especially during these times.
4. The methodology is clear. The results were based on telephone interviews with a random sample of 20,504 national adults above 18 with a margin of sampling error of plus or minus 1%.
5. Yes, the results are clear. The 20.3% of underemployment is out of adults both “unemployed or working part-time but wanting full-time work.”
6. Yes, the graphs are clear, they show both the unemployed and part-time wanting full-time work throughout December 2009 through March of 2010.