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July 28, 2014
COMMENTARY – by Michael J. Hicks, Ph.D.
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
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.
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.
Table: Indiana Unemployment Rate
ECONOMIC INDICATORS – View all economic indicators (CBER Data Center).
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
|Center for Business and Economic Research
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