The saving rate in the neoclassical growth model forces a Trend Stationary Process (TSP) which determines the path of economic growth. By looking at the behavior of the Saving Rate in Consumer […]
Labor Productivity increased 0.2 percent when comparing 2014 first quarter and 2015 first quarter. Hours worked by all persons in the labor market increased 0.3 percent in 2015Q1 vis-à-vis 2014Q1. Compensation per […]
Data on employment levels for April and May 2015 look favorable. Both months have shown increments above 200,000 jobs. However, the unemployment rate stubbornly hovers around 5.4%. In spite of U.S.’ GDP […]
Recent news on GDP 2015Q1 have many economists wondering about the possible domestic causes for such a negative growth (-.7%). The U.S. Bureau of Economic Analysis (BEA) did not hesitate in pointing […]
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Despite GDP estimates, U.S. industries experienced growth on level of employment in April to April comparison.
Despite news showing negative growth in Gross Domestic Product for the first quarter 2015, most of the U.S. industries experienced growth on level of employment in April 2014 to April 2015 comparison. […]
Perhaps the state that showed the best performance in level of employment was Utah. Industries seem to be booming there, where 52K jobs positions were added. Construction registered an increase of 7.7%, […]
The US Bureau of Labor Statistics released on April 27th 2015 its preliminary data on unemployment. On the national level the unemployment rate is still at 5.4%. By regions, the Midwest had […]
Econometricus.com: A Quantitative Research Consulting Firm. At Econometricus.com we help clients to get statistical data straight and accurate as much as possible. No matter whether our client is a lawyer supporting a […]
Steps in traditional statistics proceedings for analysis of data: 1. Formulation of Hypothesis. 2. Description of Mathematical model. 3. Collecting and organizing data. 4. Estimation of the coefficients. 5. Hypothesis testing and […]