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March 14, 2008

The New $5 Bill

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At http://www.moneyfactory.gov/newmoney/ you can read about the new $5 bill or explore the new interactive $5 bill.

January 29, 2008

January 29, 2008 - Know Your State Economically

Details about all 50 states plus the District of Columbia can be mined from the 2002 Economic Census. According to the census, law offices are thriving in Washington, D.C., ranking the highest in receipts per resident at $15,839. Enough tortillas are manufactured in California to average $17 in annual shipments for every man, woman and child in the state. Residents of Washington state spent more at the dentist than residents of any other state ($374). Tennessee's musical groups and artists earned more on a per capita basis than any other state ($65). Bowling alleys grossed more than $25 per person in Wisconsin. Alaska led the nation in revenue per person for chiropractors' offices ($58). (Census Bureau News Release, January 28, 2008)

Using the 2002 Economic Census, the Census Bureau has compiled a new site detailing Top States by Industry. Results are compiled by state or can be searched by industry. Check out Minnesota's statistics and compare to a state in a warmer area like Hawaii . Minnesota industries ranked first in terms of sales or receipts per capita include medical, dental, and hospital equipment and supplies merchant wholesalers and general-line grocery merchant wholesalers. For Hawaii it is hotels (except casino hotels) and motels and clothing and clothing accessories stores.

January 18, 2008

January 18, 2008 - Economic Outlook

The sub-zero temperatures this weekend will keep most people indoors. Need some reading material to wile away the hours? Several reports have come out recently regarding the current economic forecast for the United States.

The Federal Reserve has issued its Beige Book for January. The full title is Summary of Commentary on Current Economic Conditions and it compiles reports for each Federal Reserve District on "current economic conditions in its District through reports from Bank and Branch directors and interviews with key business contacts, economists, market experts, and other sources. The Beige Book summarizes this information by District and sector. An overall summary of the twelve district reports is prepared by a designated Federal Reserve Bank on a rotating basis." This website contains summaries back to 1970. If interested in the report from the Reserve Bank of Minneapolis, click here to jump to that section.

In Addition, the U.S. Department of Labor has released the December 2007 Consumer Price Index (CPI) numbers. The Consumer Price Index is used as an economic indicator, especially in relation to inflation, and provides "monthly data on changes in the prices paid by urban consumers for a representative basket of goods and services". More information about the CPI can be found at http://www.bls.gov/cpi/.

October 30, 2007

October 30, 2007 - 2007 Economic Census Data to be collected

Soon more than 4 million American businesses will be receiving the 2007 Economic Census reporting form. There are over 500 versions of the form, each geared towards a particular industry. The Census Bureau has created a website for the 2007 Economic Census process, http://business.census.gov where you can find more information about the Census process as well as some general industry snapshots and ratios.

The Economic Census occurs every five years and provides a comprehensive look at business in the United States at all geographic levels, from the nation to local cities, and by industry sector. Check out the 2002 Economic Census to see the types of information the Census collects.

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