Interesting economic facts

19/07/2012 § 1 Comment

The Motley Fool website posted 100 Mind-Blowing Facts About the Economy (YMMV). Lots of good little economic facts, the kinds of things I try to keep in mind when thinking about the economy. Because of the source, it’s weighted towards the US. I should do some similar numbers for New Zealand (there I am, shoulding all over myself).

The numbers on the growth of the Chinese workforce and its expected slowdown were pretty eye-opening. I’ve heard the growth numbers before, but I didn’t realise that the decline was expected so soon. I remember an OECD bureaucrat explaining the five-generations issue — China will have five generations of people supported by two generations of workers.

New Zealand is just a bobbing cork in that demographic sea.

The unemployment numbers were visualised really well by the New York Times. Statschat (highly recommended) linked to a talk by Amanda Cox. The differences in unemployment rates by demographic groups were amazing. It’s not that the factors affecting rates are surprising — highly educated, middle-aged, white males (hi!) have lower rates than young African-Americans with less than a high school education, for example. It’s the scale of the differences that surprised me. Well, surprised isn’t quite the right word. Reminded with a shock of remembrance? Or is that too Proust?

 

Tagged: , , , ,

§ One Response to Interesting economic facts

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

What’s this?

You are currently reading Interesting economic facts at Groping towards Bethlehem.

meta

Follow

Get every new post delivered to your Inbox.

Join 105 other followers

%d bloggers like this: