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...
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