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Graphic Economics

A collection of graphic representations of data by CEPR researchers on important economic issues.

Decline in Military Spending Contributes to Slowdown in GDP Growth Print

January 30,1015

The slowdown in fourth quarter GDP was predictable as third quarter growth was driven in part by a 16.0 percent jump in military spending. Military spending is highly erratic and sharp swings are usually reversed, as was the case in this quarter.


More in this month's GDP Byte.

December Wage Data Reverses November Gains Print

January 9, 2015

The November jump in wages was almost completely reversed last month, with the December data showing a 5 cent drop from a downwardly revised November figure. The average over the last three months grew at a 1.1 percent annual rate compared with the average of the prior three months, down from a 1.7 percent growth rate over the last year. This may be due in part to a shift to lower paying jobs in restaurants, retail, and the lower-paying portions of the health care industry. However, it is also possible that we are just seeing anomalous data. Nonetheless, the claims of accelerating wage growth have no support in the data.


Nominal Year-over-Year Wage Growth Print

December 5, 2014

The average workweek increased by 0.1 hour to 34.6, the longest since May of 2008 and wages reportedly rose by 9 cents. The one-month jump was in large part an anomaly; over the last three months wages have risen at just a 1.8 percent annual rate compared with the prior three months. There is little evidence of any wage acceleration in any major sector. More in the latest Jobs Byte


Unemployment Edges Down to 5.8 Percent as Economy Again Adds More than 200,000 Jobs Print

November 7, 2014

graphic economics chart

To read more on this graph, click here.

Defense Spending and Net Exports Spur Higher Than Expected Third Quarter Growth Print

October 30, 2014



 For more information, check out the latest GDP Byte.

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