Economic Data Sources
Most of the data that Aaron Smith discussed in his article in this issue, “Which Economic Indicators Matter,” can be accessed online, for no charge. Here is a list of the primary websites to visit.
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U.S. Department of Labor
A table on the home page of the Labor Department’s website lists key employment and inflation statistics. Clicking on any of these data points will call up a page with more detailed information.
The economic data is provided by two divisions within the Labor Department. The first is the Employment and Training Administration (www.ows.doleta.gov). This division has comprehensive data about initial jobless claims and publishes updated data weekly.
The second is the Bureau of Labor Statistics, or BLS (www.bls.gov), which publishes the monthly Employment Situation report. This report contains the unemployment rate, payroll employment (also known as nonfarm payrolls), and wages. Statistics on the size of the labor force and the number of discouraged workers can also be found.
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