ECONOMIC INDICATORS
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ECONOMIC INDICATORS
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ECONOMIC INDICATORS. ECONOMIC INDICATORS. An economic indicator is any economic statistic , such as the unemployment rate, which shows us how well the economy is doing and how well the economy is going to do in the future. - PowerPoint PPT Presentation
Transcript of ECONOMIC INDICATORS
ECONOMIC INDICATORS
ECONOMIC INDICATORS An economic indicator is any
economic statistic, such as the unemployment rate, which shows us how well the economy is doing and how well the economy is going to do in the future.
An indicator is anything that can be used to predict future financial or economic trends.
Source: http://economics.about.com/cs/businesscycles/a/economic_ind.htm
CPI – Consumer Price Index
Imagine a basket of goods, like groceries, fuel, clothing, medical care, phone bills, tuition at school CPI measures the change in the prices over time of consumer items—goods and services that people buy for day-to-day living
Consumer Price Index – InflationSince 1994, prices have increased 54.8%
Regular Gas Prices: $1.11 / gallon
Average State School Tuition: $2,700
Big Mac: $2.30 Movie Ticket:
$4.08
Regular Gas Prices: $3.75 / gallon
Average State School Tuition: $8,244
Big Mac: $4.20 Movie Ticket:
$10.25
1994 Prices
2012 Prices
GROSS DOMESTIC PRODUCT - GDP
Total value of all goods and services produced over a specific time period
You can think of it as the size of the economy
GDP for USA in 2010 – $14.6 Trillion GDP for USA in 1994 – $6.99 Trillion
GROSS DOMESTIC PRODUCT – GDP
http://www.google.com/publicdata/explore?ds=d5bncppjof8f9_&ctype=l&strail=false&bcs=d&nselm=h&met_y=ny_gdp_mktp_cd&scale_y=lin&ind_y=false&rdim=region&idim=country:USA:CAN&idim=region:LAC:ECA:EAP:SSA:SAS&ifdim=region&tstart=768974400000&tend=1273896000000&hl=en&dl=en&ind=false&q=gdp
Unemployment The number of
people without jobs who are actively seeking work
March 2012 - 8.2% Employment
improved in manufacturing, food services and drinking places, and health care, but was down in retail trade.
Unemployment Data - Google http://www.google.com/publicdata/
explore?ds=z1ebjpgk2654c1_&ctype=l&strail=false&bcs=d&nselm=h&met_y=unemployment_rate&fdim_y=seasonality:S&scale_y=lin&ind_y=false&rdim=country&idim=state:ST420000:ST540000:ST390000&ifdim=country&tstart=768974400000&tend=1334462400000&hl=en&dl=en&ind=false
10 Highest Paying Jobs in Demand Biomedical Engineers
Job Growth in Next Decade: 72% (#1 in all jobs)Education: Master’s DegreeEarnings: $57,000 – $77,0000
II. Computer Systems AnalystJob Growth in Next Decade: 53.4% (#2 in all jobs)Education: Graduate Preferred, Bachelor’s with Experience also Preferred.Earnings: $77,000 – $89,0000
III. Physician AssistantsJob Growth in Next Decade: 39.0% (#7 in all jobs)Education: PA degree required (2 years plus prerequisite coursework)Earnings: $68,000 – $97,0000, average is $81,000
IV. BiochemistsJob Growth in Next Decade: 39.0% (#9 in all jobs)Education: Graduate PreferredEarnings: $59,000- $108,000
V. Dental Hygienist Job Growth in Next Decade: 36.1% (#11 in all jobs)Education: Post- undergraduate (2 + 3 years) Dental Hygiene certificateEarnings: $55,000- $78,000, average is $82,000
10 Highest Paying Jobs in Demand VI. Computer Software Engineer Job Growth in Next Decade: 34.0% (#14 in all jobs)
Education: Bachelor’s DegreeEarnings: $67,000- $104,000
VII. Veterinarians Job Growth in Next Decade: 33.3% (#17 in all jobs)
Education: Doctor of Veterinary Medicine (D.V.M) + Undergraduate DegreeEarnings: $61,000- $104,000
VIII. Environmental Engineers Job Growth in Next Decade: 30.6% (#21 in all jobs)
Education: Graduate PreferredEarnings: $56,000- $94,000
IX. Survey Researchers Job Growth in Next Decade: 30.4% (#25 in all jobs)
Education: Bachelor’sEarnings: $43,000- $85,100
X. Physical TherapistsJob Growth in Next Decade: 30.3% (#27 in all jobs)Education: Prerequisite coursework followed by 2- 2.5 year PT programEarnings: $50,000- $104,000
Top 10 Best-Paying College Degrees in 2010
College Degree Starting Median Pay Mid-career pay1. Petroleum engineering $93,000 $157,0002. Aerospace engineering $59,400 $108,0003. Chemical engineering $64,800 $108,0004. Electrical engineering $60,800 $104,0005. Nuclear engineering $63,900 $104,0006. Applied mathematics $56,400 $101,0007. Biomedical engineering $54,800 $101,0008. Physics $50,700 $99,6009. Computer engineering $61,200 $87,70010. Economics $48,800 $97,80011. Computer science $56,200 $97,70012. Civil engineering $53,500 $93,40013. Statistics $50,000 $93,40014. Finance $47,500 $91,50015. Software engineering $56,700 $91,300
5 MOST IN DEMAND JOBS – NO COLLEGE DEGREE REQUIRED
1. Home Health Aides: Wage as of 2010: $10.18Offer health care services in the residences of aging adults or even individuals with long-term health problems or disabilities.
2. Personal Care Aides: Wage as of 2010: $10.73Drive patients to places outside the residence, like going to doctor's appointments; housekeeping
3. Dental Assistants Wage as of 2010: $15.92Find patients' medical files for the dentist's purpose.Prepare patients for the dentist's examination.
MOST IN DEMAND JOBS – NO COLLEGE DEGREE REQUIRED
4. Medical Assistants: Wage as of 2010 $12.67Manage medical documents, bookkeeping, and answering phones
5. Construction Laborers: Wage as of 2010 $14.28Carry out any kind of task on the work site.Load and unload equipment and materials, set up and take down scaffoldings, clean work areas, and transport supplies to other workers, etc.
Worst Paying College Degrees
College Degrees Starting Median Salary Mid-career
1. Social Work $33,400 $41,600
2. Elementary Education $33,000 $42,400
3. Theology $34,800 $51,500
4. Music $34,000 $52,000
5. Spanish $35,600 $52,600
6. Horticulture $37,200 $53,400
7. Education $36,200 $54,100
8. Hospitality/Tourism $37,000 $54,300
9. Fine Arts $35,800 $56,300
10. Drama $35,600 $56,600
