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Graphic Economics

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



Impacts of BEA Revisions on Real Gross Domestic Product and National Domestic Product. Source: Bureau of Economic Analysis Print

July 31, 2013

Methodological changes introduced with the latest Department of Commerce report on GDP growth show a somewhat different picture of the economy over recent decades. Including research and development and other intangibles as capital increases GDP by roughly 3.0 percentage points compared with prior measurements. However, the increase in the measured size of the capital stock also means that there will be more depreciation. The new measure added $250 billion to depreciation in the corporate sector for 2012.

gdp-2013-07-ge

For more, check out our latest GDP Byte.

 
Year-Over-Year Change in Zillow Home Value Index, June 2012 - June 2013 Print

July 30, 2013

Price indices constructed by Zillow show rapid increases in many of the cities that had been hardest by the collapse of the housing bubble. In the Zillow index, the year-over-year increase in prices in Las Vegas was 29.4 percent, a rate matched by Vallejo, CA. Modesto, CA, had a 27.0 percent year-over-year increase in prices. In Stockton, CA, the rise was 25.8 percent.

hmm-2013-07-ge

For more, check out the latest Housing Market Monitor.

 
Black Workers and Good Jobs Print

June 27, 2013

Black workers today are better educated and older than they were three decades ago, but are still less likely to be in a good job. A new CEPR report examines this deterioration of job quality and evaluates several policies that could help to reverse this trend.

black-good-jobs-infographic-06-2013

Click for a larger image or check out the report, "Has Education Paid Off for Black Workers?"

 
Sales of Existing Single Family Homes Print

June 25, 2013

May sales of new homes were up 2.1 percent from April and 29.0 percent from year-ago levels. For existing homes the May rise was 4.2 percent from April and 12.9 percent compared with the year-ago level.

hmm-2013-06-ge

For more, check out the latest Housing Market Monitor.

 
Growth in Food Services and Drinking Places Employment as a Share of Nonfarm Employment Growth Print

June 7, 2013

The May jobs report was moderately positive, showing a gain of 175,000 jobs. Together with a small downward revision to prior months growth, this brings the average over the last three months to 155,000. This means that we are closing the 9 million jobs hole at a rate of roughly 660,000 a year. There was little change in the unemployment or employment data reported in the household survey.

Older workers continued to get the bulk of the employment gains, with employment of workers of age 55 accounting for 203,000 of the 319,000 gain in employment reported for May. Over the last year they have accounted for 1,205,000 of the 1,596,000 reported growth in employment.

jobs-2013-06-ge-b

It is also worth noting that restaurant employment continues to account for a hugely disproportionate share of the job growth adding 38,000 jobsin May after adding 34,000 in April. This is evidence of a weak job market. Restaurants always want to hire workers, but in a good job market the jobs go unfilled. In this job market workers see no alternatives.

For more, check out our latest Jobs Byte.

 
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