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The place where the world comes together in honesty and mirth.
Windmills Tilted, Scared Cows Butchered, Lies Skewered on the Lance of Reality ... or something to that effect.


Friday, October 17, 2008

Are you better off now than eight years ago?

Are you better off now than eight years ago?

Economic Indicator
2000 2008
Unemployment rate Image4.0% 6.1%
Inflation rate Image3.3% 5.4%
Job Growth (preceding 8 years)

Total nonfarm employment Image21.4% 4.3%
Private sector employment Image23.6% 3.6%
Manufacturing employment
Image2.9% -22.2%
Employment rate (% of population)

All, age 16 and older
Image64.4% 62.6%
Men, age 16 and older
Image71.9% 69.1%
Women, age 16 and older
Image57.5% 56.5%
Real wage growth (preceding 8 years)
Image8.2% 1.8%
Minimum wage (July 2008$) Image$6.58 $6.55
Family income

Median, 2007$ $61,083 Image$61,355
Growth (preceding 8 years)
Image14.7% 0.4%
Poverty

Rate (% of population)
Image11.3% 12.5%
People in poverty (millions)
Image31.6 37.3
Uninsured (health insurance)

Rate (% of population)
Image14.0% 15.3%
People without insurance (millions) Image38.7 45.7
Personal savings (% of disposable income) Image2.3% 0.6%
College tuition (average per year, 2007$)

Private four-year college Image$19,337 $23,712
Public four-year college
Image$4,221 $6,185
Gasoline (gallon, 2008$) Image$2.03 $4.09
GDP growth (preceding 8 years) Image34.2% 19.6%
Productivity growth (preceding 8 years) 15.9% Image21.9%
Trade balance (% of GDP) Image-3.9% -5.1%
Federal debt (% of GDP) Image57.3% 65.5%
Net foreign debt (% of GDP) Image13.6% 17.9%

I didn't think so ...

Chart from CEPR

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