GLOBAL ECONOMY • Nov 2014 • Volume 3 / Number 27
The International Price Program (IPP) at the U.S. Bureau of Labor Statistics (BLS) has produced a full set of export price indexes for merchandise goods since September 1983. Along with the import price indexes, which began a year earlier, the Office of Management and Budget designated the indexes as Principal Federal Economic Indicators. The export price indexes have a myriad of uses, but primary among them is to deflate the various trade statistics for the United States.Read full article » | Download PDF
The Bureau of Labor Statistics Producer Price Index (PPI) program tracks a sample of producers that represents nearly three-quarters of U.S. economic output. To maintain this broad coverage, the PPI must continually evolve to keep pace with new and emerging trends in the U.S. economy.
The Bureau of Labor Statistics (BLS) has for many years published various measures of unemployment and other labor market difficulties. There are six “alternative measures of labor underutilization” published each month.
Household spending data can offer great insight on how households choose and prioritize their wants and needs. In addition, changes in the household spending market basket help to determine Social Security's general benefit increases, based on cost of living, as measured by the Consumer Price Index. Moreover, such information is widely used by policymakers and researchers to study the impact of inflation and government economic policy