Archive for Economics

Economic Crisis – March 2014 Update

Leave a Comment

Economic Crisis – February 2014 Update

Leave a Comment

Economic Crisis – January 2014 Update

Leave a Comment

Economic Crisis – December 2013 Update

Leave a Comment

Economic Crisis – November 2013 Update

Leave a Comment

Economic Crisis – October 2013 Update

Leave a Comment

What is the Minimum Wage in EU Countries?

Minimum wage debates at both state and federal levels are nothing new here. But what about minimum wages in the European Union countries? Does the EU have a standard rate crossing all countries and sectors? The answer is no; each country sets its own minimum levels. Buried on pages 23-24 of this draft report – A coordinated EU minimum wage policy? - are the minimum monthly wage levels and median monthly wage levels for all the EU countries for 2009 and 2010. (The countries are listed by their EU abbreviations; a list is available .) The figures must be used with caution as the data come from various sources and legislation, but they do allow for some comparative analysis. (A lengthier explanation is contained in the previous pages of this report; see especially p.22 for a succinct overview.)

Leave a Comment

Economic Crisis – September 2013 Update

Leave a Comment

New Income, Poverty, and Health Insurance Statistics Released at the State Level

The Census Bureau’s American Community Survey has released three reports examining the above topics. Household Income 2012 presents data at the national, state levels along with the 25 largest metropolitan areas. Comparisons are made for 2000 and 2012. New Jersey’s median income dropped 3.4% between 2000 and 2012. Poverty: 2002-1012 profiles the same above government entities. New Jersey is one of just a few states with a poverty level under 11%. And Mitigating the Loss of Private Insurance With Public Coverage for the Under-65 Population 2008-2012 shows the erosion of private health insurance over time; fully 14.5% of New Jerseyans are without coverage.

Leave a Comment

Economic Crisis – August 2013 Update

Leave a Comment

Economic Crisis – July 2013 Update

Leave a Comment

Global Risks 2013

From income inequality to natural disasters like la Hurricane Sandy to antibiotic-resistant bacteria, the world faces many threats according to Global Risks 2013 from the World Economic Forum. A thousand experts from various fields were asked to give their opinions on what constituted the greatest risks we now face. Figure 29 of this report has the five areas of concern: economic, environmental, geopolitical, societal, and technological along with the associated risks, numbering ten for each group. We should point out that one of the societal risks is “water supply crises”. This risk is also considered a … ” ‘centre of gravity’ – the one risk that they[survey-takers] thought is the systemically most important one in that group. Due to their influence on other risks, these are the risks to which leaders and policy-makers should pay particularly close attention.”(figure 36) The report is somber reading but nonetheless needs to be consulted. And nowhere does the spectre of nuclear conflict arise as a threat.

Leave a Comment

Economic Crisis – June 2013 Update

Leave a Comment

Non-Housing Debt in the Tri-State Area

This new tool from the Federal Reserve Bank of New York – Regional Indicators of Consumer Debt – covers New Jersey, New York and Connecticut. The data deal with credit card debt, student loans, car loans, and “other” loans and can be broken down by age group. For example, as of March 2013, 32% of the age group 18-34 in New Jersey carry student loans the  median balance of which is  $17,500. Other information presented includes delinquency rates by county, 90+ days delinquency rates, and percentage of credit scores above 620.

Leave a Comment

Economic Crisis – May 2013 Update

Leave a Comment

International Comparative Employment Statistics

The OECD has issued a vast array of employment statistics for its member countries as well as including the BRICS,  EU, and  G7 nations. Data can be customized by year, sex and age range. Extensive “source” information for the statistics is readily available and there are dozens of comparative, interactive measurements. Key employment statistics contain pre-packaged basic figures while country snapshots allow comparisons of up to four countries simultaneously. Two previous blog entries provide additional relevant links: International Unemployment Rates and Updated International Labor Statistics.

Leave a Comment

Income Inequality in Asia

We have previously written about income inequality in the United States and elsewhere, but here is a report from the Asian Development Bank with a specific focus – Deepening Divide: Can Asia Beat the Menace of Rising Inequality?  As it states: “Asia is getting less poor – but more unequal”(18) Other worthy reads include: Income Inequality in China and Its Policy Implications (Cornell); The End of “Growth with Equity’? Economic Growth and Income Inequality In East Asia (Asia/Pacific Issues); and Inequality threatens Asian growth miracle (Financial Times).

Leave a Comment

During the Economic Recovery, the Rich Got Richer While the Other 93% Lost Wealth

According to the Pew Research Center’s report - A Rise in Wealth for the Wealthy; Declines for the Lower 93% - in the economic recovery during 2009-2011, the net worth per household of the top 7% gained 28% while the other 93% registered a 4% decrease. Numerous charts reinforce this bleak document.

Leave a Comment

Economic Crisis – April 2013 Update

Leave a Comment

Decades’ Worth of U.S. Economic Data in One Place

Accompanying the 2013 Economic Report of the President are dozens of tables tracking economic development over the past decades. From “corporate profits by industry, 1964-2012″ to “new housing starts, 1967-2012″ to “national income by type of income, 1964-2012,” these compilations provide the researcher with authoritative numbers from various governmental departments such as the Census Bureau, the Department of Labor, and the Federal Reserve. And they can all be found in one publication! In addition, economic reports back to 1947 are accessible online; they, too, offer a glance at the past. For example, the 1947 report carries economic data dating to 1929. For a years-long snapshot of the U.S. economy along many axes, this would be a great place to start.

Leave a Comment

Older Posts »
Follow

Get every new post delivered to your Inbox.

Join 84 other followers