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July 28, 2014   

Indiana Business Bulletin
 
 

COMMENTARY – by Michael J. Hicks, Ph.D.
Truth and Consequences about Inflation

Inflation is oft confused with simple fluctuations in supply and demand.

Almost nothing in economics seems to confuse people as much as monetary inflation. That confusion leaves an intellectual void into which some of the least credible ideas of the modern world crawl.

Read the full text: Truth and Consequences about Inflation

Last week's commentary: State Taxes and a Slowing Economy


DATA CENTER
Indiana County Profiles

Each of Indiana's 92 counties has a unique mix of demographics, economic and entrepreneurial activity, youth situation, and social capital. Get the full story through the County Profiles website. Select a county on the left hand side to get started.

County profiles (shortcut to Delaware County economic activity): http://profiles.cberdata.org/profiles/economy/Delaware


DID YOU KNOW? – by Dagney Faulk, Ph.D.
State-Level Unemployment

The Indiana unemployment rate for June 2014 came in at 5.9 percent (seasonally adjusted), which is higher than the 5.7 percent that was posted the past few months mainly due to increases in the labor force as more people have begun looking for jobs.

I compare the current Indiana labor market situation with the last peak, which occurred during the spring and summer of 2008. (The labor market is a lagging indicator so the peak occurred after the last recession started.) Indiana's labor force is still about 18,000 lower than the peak of 3.249 million (seasonally adjusted). Employment is about 30,000 jobs lower than the peak. The graph shows the time series of the labor force.

Graph: Indiana Labor Force, Seasonally Adjusted

Table: Indiana Unemployment Rate


ECONOMIC INDICATORSView all economic indicators (CBER Data Center).
 

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ECONOMIC INDICATORS
This Week's Data Releases

WEDNESDAY: Gross Domestic Product, country

FRIDAY: Unemployment Rate, country

FRIDAY: Employment, Hours, and Earnings by Sector, country

FRIDAY: Personal Income, country

FRIDAY: Motor Vehicle Retail Sales, country


View all economic indicators.


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Center for Business and Economic Research
BALL STATE UNIVERSITY
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