Misclassification Errors of Unemployment Rate
On the first Friday of every month, the Bureau of Labor Statistics releases the most current unemployment numbers for the country, which are the number of unemployed divided by the number of people in the labor force. This is not to be confused with the weekly jobless claims number, which only considers the number of
More than 1.1 billion flowers are imported in the U.S. for Valentine’s Day
Every year more than a billion flowers come into the U.S. for Valentine’s Day. Most come from massive farms in Colombia, but some roses have as little as 48 hours to get cut and flown to Miami before they wilt. They have a short lifetime and thus require the most rapid form of transportation, and
The U.S. is planning to construct a 100% clean grid
The modern electric grid is an engineering marvel in the U.S. It connects to 7 300 major power plants through nearly 160 000 miles of high voltage transmission lines and millions of miles of low voltage lines coordinating with about 3 000 different utility companies to bring power to over 150 million customers. But as
Could the COVID-19 pandemic cause prices to rise?
For years central banks like Federal Reserve thought they understood why inflation fluctuated and how to keep it steady. Central banks felt that as long as they could keep inflation on an even keel, it’s probably a sign that they were also keeping the economy on an even keel. But for the past decade, inflation
Despite vaccination, U.S. Economy stands a Zombie Recovery
The U.S economy that seemed to be roaring back to life over the summer now faces a dark winter. The recovery, just like the recession, has been unequal and, in many areas, hangs in limbo. To see this so-called “zombie recovery” in action, look no further than Evans City, Pennsylvania. It’s the same place that
Why is teaching one of the underpaid jobs in the United States?
Almost everyone remembers that one teacher who had a transformative impact on their lives, the teacher that made school exciting and interesting, and that genuinely cared. Teacher quality is the number one school-related factor for student achievement. This is an extremely important profession. Teachers literally have the future of the country in front of them
What is the Federal Reserve going to do with unused funds?
The Fed has bought billions of dollars of bonds from the richest companies in the world, not just America, so it’s Apple, Volkswagen, Toyota, etc. In addition, they used almost 8 billion to purchase 16 corporate bonds ETFs, so the question is would it be smarter to take that money and make it available to
Do you waste your money on premium fuel?
The vast majority of the cars over on the road, 90+ percent of the vehicles on the road and do not require premium fuel. So it is worth understanding what makes premium gas more expensive and what drivers are actually getting out of it. The primary trait that distinguishes premium gas from a lower grade
How COVID-19 causes a wave of bankruptcies in the U.S.
The coronavirus pandemic is about to bring on a wave of bankruptcies in 2020. Big apparel brands and department stores like J.Crew, Brooks Brothers, Neiman Marcus, and JCPenney – all filed for bankruptcy to reorganize their businesses. But it’s not just the retail sector that’s suffering. Bankruptcies now ripple through almost every industry: automotive, aviation,
News about the 2nd stimulus package
According to representative Steny Hoyer, who is a democrat in the House of Representatives, we could be just a few days away from an agreed-upon stimulus relief package. According to him, this could be done very, very quickly. We sure hope he’s right because this has dragged out way too long. We were promised a