GLOBAL ECONOMY • Feb 2017 • Volume 6 / Number 4
In 2014, U.S. consumers spent almost 19 percent of every dollar on transportation, which is 87 percent higher than what Japan spent. U.S. households also spent about 9 percent on out-of-pocket healthcare expenditures, which was 5 times higher than the U.K. Expenditure shares are the percentages of total expenditures allotted to each spending category. Japan’s share of food expenditures was the highest among the other two countries.Read full article » | Download PDF
Uncertainty about the direction of the financial markets affects the value of stocks and the costs to trade them. This Beyond the Numbers article examines the relationship between the Bureau of Labor Statistics Producer Price Index (PPI) for dealer transactions-equity securities and two major stock market volatility indicators. An analysis of these three measures shows a positive correlation. This means that when the market volatility indexes increases, the PPI for dealer transactions-equity securities also tends to increase.
In the span of just six quarters between 2007 and 2009, nonfarm business output declined by $753 billion and 8.1 million jobs were lost. This period, known as the Great Recession, was the worst American recession since the Great Depression.
This Beyond the Numbers article analyzes the difference in spending patterns between all urban consumers and wage earners and clerical workers (blue-collar consumers) in 1984 and 2015. The analysis sheds light on how budget allocations by the typical urban consumer compare with budget allocations by the typical blue-collar consumer living in an urban area. It illustrates these differences for major expenditure categories, as well as more specific categories of general interest.