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Rate of Value- $41,560
c. Source of Information- "Per Capita Personal Income U.S. And All States." Per Capita Personal Income U.S. And All States. Bureau of Business & Economic Research, 12 Oct. 12. Web. 02 Feb. 2013.
d. Date of information- September 2012
6) Housing Starts-
a. Economic Indicator- Housing starts are usually indicated by the number of privately owned, new houses, under construction within a given period. This data is usually comprised of three, very distinct components of single family houses, condos, and apartment buildings. Housing starts are very important economic indicators as housing is a substantial component of the middle class family's net worth. Home ownership is also a means by which are other industries are successful. Aspects such as carpet, brick, appliances, lawn care, and others, all benefit from a robust housing market. As such, housing, and housing related industries comprise a substantial amount of the overall nations GDP. Housing starts, therefore, indicates future demand for housing related goods and services.
b. Rate of Value- 780,000 units started in 2012 which is a 28% increase above 2011 levels
c. Source of Information- U.S. Department of Commerce- Cooper, Stephen. Census.gov. U.S. Department of Housing and Urban Development, 17 Jan. 2013. Web. 2 Feb. 2013.
d. Date of information- January 17, 2003
7) Unemployment Rate
a. Economic Indicator- the unemployment is the number of individuals out of work who are actively seeking work. This number does not account for individuals who have given up searching for work altogether. The number is calculated by dividing the number of unemployed by those who are actively in the labor market. The unemployment is a key economic indicator as it relates to the overall supply and demand for goods and services. When demand is relatively low for services, the supply of is usually too high. Those massive layoffs occur as companies adjust to the prevailing circumstances of the time. As such, during recessions, unemployment is usually relatively high in relation to historical norms.
b. Rate of Value- 7.9%
c. Source of Information- "Labor Force Statistics...
2012-06. http://data.bls.gov/timeseries/LNS14000000. Retrieved 2013-02-02
d. Date of information- Feb, 2013
8) Disposable Personal Income
a. Economic Indicator- Disposable personal income is the money leftover after the deduction of bills and taxes. This amount usually indicates and individuals ability to purchase discretionary items. This amount varies from individual to individual. However, it is generally perceived that the greater amount of disposable income and individual has, the more apt they are to consumer on discretionary items. Clothing, entertainment, and leisure all account for this spending. This economic indicator allows the observer to see how much purchasing power an individual has after the basic necessities of life are taken care of.
b. Rate of Value- $353 Billion, up 2.6% from December
c. Source of Information- Bureau of Economic Analysis, Rankin, James. "News Release: Personal Income and Outlays." News Release: Personal Income and Outlays. N.p., 31 Jan. 2013. Web. 03 Feb. 2013
d. Date of information- January 2013
References:
1) Cooper, Stephen. Census.gov. U.S. Department of Housing and Urban Development, 17 Jan. 2013. Web. 2 Feb. 2013.
2) "Insights on U.S. Mortgage Rates from Tom Reddin." Mortgage Rates RSS. N.p., 30 Jan. 2013. Web. 02 Feb. 2013
3) "Labor Force Statistics from the Current Population Survey." Bureau of Labor Statistics. 2012-06. http://data.bls.gov/timeseries/LNS14000000. Retrieved 2012-06-15
4) "Per Capita Personal Income U.S. And All States." Per Capita Personal Income U.S. And All States. Bureau of Business & Economic Research, 12 Oct. 12. Web. 02 Feb. 2013
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