Penn State University Bureau of Labor and Statistics Website Overview Paper

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Economics

Penn state university

Description

Locate the Bureau of Labor and Statistics website; https://www.bls.gov/bls/proghome.htm (链接到外部网站。)

On this first page you will see reports on the following measurements of our US Economy;

- Consumer Price Index

- Producer Price Index

- Import/Export Price Index

- Consumer Expenditures Survey

Read the introductory page information, and click on a few of the direct links to view the latest reports -

Develop a brief overview of what you have found - do you feel the numbers are getting better? worse? what does each of these items indicate in the big picture? Indicate your thoughts for each of these topics in a brief summary of what you read and learned. How could you use this information in a business setting?

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Explanation & Answer

Attached.

1

Economy
Name
Institution
Instructor
Course
Date

2
Producer Price Index (PPI)
I have learned that the Producer Price Index is an index that measures the average change
over time in the selling prices obtained by domestic producers for their goods and services. This
index measures price change from the viewpoint of the seller. According to the Bureau of Labor
Statistics, in September, the PPI for final demand dropped 0.3% whereas the prices for final
demand services dropped 0.2% (U.S. Bureau of Labor Statistics, 2019). also, the Bureau reports
that the index for final goods decreased 0.4% while the final demand index advanced 1.4% for
the 12 months ended in September (U.S. Bureau of Labor Statistics, 2019).
From the seller’s perspective, these numbers are not getting better. The indices are
decreasing even though with tiny margins. In a business setting as a producer, I can use this
information as a...


Anonymous
This is great! Exactly what I wanted.

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