By Cornelia J. Strawser
According to enterprise data, this paintings provides old facts on enterprise tendencies courting from 1966 to 1994. Readers locate profiles on development and housing, mining, oil and gasoline, production, transportation and utilities, retail and wholesale alternate, carrier, and govt. additionally comprises an summary of old monetary tendencies.
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Extra info for Business Statistics of the United States
There are limitations to the population control estimates due primarily to the difficulties associated with estimating the net international migration component. The population controls contributed significantly to the discrepancy between payroll and household survey employment in the 1980s and 1990s when the household survey showed less growth than the payroll survey. The upward trend in household employment since the end of the 2001 recession has been largely a function of the estimated growth in population.
As the above narrative indicates, the 1950s and 1960s were characterized by an apparent inverse relationship, often interpreted as a “trade-off,” between inflation and high employment, with inflation falling as an apparent consequence of unemployment rising. ” This has often been ascribed to “supply shocks”—for example, bad harvests, oil embargoes, and OPEC price increases— which, unlike decreases in aggregate demand, tend to increase inflation even while depressing output. But in retrospect, many “supply shocks” should perhaps be considered as delayed reactions to demand shocks.
Household and payroll survey employment, seasonally adjusted, 1994-2004 Numbers in thousands 150,000 Household survey 140,000 130,000 Payroll survey Adjusted household survey 120,000 110,000 100,000 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 NOTE: The household series presented here has been smoothed for population control revisions. The “adjusted” household series has been smoothed for population control revisions and adjusted to an employment concept more similar to the payroll survey.