author profile photo
Patrick RussoVisualization
3 likes2 comments23 views
<p>Shipments of manufactured durable goods in March, up ten of the last eleven months, increased $3.3 billion or 1.2 percent to $274.2 billion.</p><p>After over a 60% decline in shipments of Motor Vehicles and Parts early in the pandemic, shipments of Motor Vehicles and Parts were up 11% in nominal terms since January 2020.  </p><p>Nondefense Capital Goods Excluding Aircraft shipments were up 22% over the same period.</p><p><br /></p><p>Source: <a href="/data/3693" target="_blank">U.S. Census Bureau</a></p><p><br /></p><p><span data-index="0" data-denotation-char data-id="0" data-value="&lt;a href=&quot;/search?q=%23economy&quot; target=_self&gt;#economy" data-link="/search?q=%23economy"><span contenteditable="false"><span></span><a href="/search?q=%23economy" target="_self">#economy</a></span></span> <span data-index="0" data-denotation-char data-id="0" data-value="&lt;a href=&quot;/search?q=%23fred&quot; target=_self&gt;#fred" data-link="/search?q=%23fred"><span contenteditable="false"><span></span><a href="/search?q=%23fred" target="_self">#fred</a></span></span> <span data-index="0" data-denotation-char data-id="0" data-value="&lt;a href=&quot;/search?q=%23shipping&quot; target=_self&gt;#shipping" data-link="/search?q=%23shipping"><span contenteditable="false"><span></span><a href="/search?q=%23shipping" target="_self">#shipping</a></span></span> </p><p><br /></p>

Shipments of manufactured durable goods in March, up ten of the last eleven months, increased $3.3 billion or 1.2 percent to $274.2 billion.

After over a 60% decline in shipments of Motor Vehicles and Parts early in the pandemic, shipments of Motor Vehicles and Parts were up 11% in nominal terms since January 2020.

Nondefense Capital Goods Excluding Aircraft shipments were up 22% over the same period.


Source: U.S. Census Bureau


#economy #fred #shipping


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Patrick RussoVisualization
3 likes1 comment19 views
<p>Despite the highest inflation in 40-years, real wages are higher than pre-pandemic as of March 2022. Real wages in March 2022, as calculated by the ratio of Avg. Hrly Earnings to CPI, is actually up 1.8% since Jan 2020!</p><p><br /></p><p>Average Hourly Earnings are of Production and Nonsupervisory Employees, Total Private, which Paul Krugman used in his Jan 25th op-ed discussing </p><p>the inflation narrative.</p><p><br /></p><p>Source: <a href="https://app.openaxis.com/data/3690" target="_blank">Ratio of Average Hourly Earnings to CPI</a></p><p><br /></p><p><span data-index="0" data-denotation-char data-id="0" data-value="&lt;a href=&quot;/search?q=%23economy&quot; target=_self&gt;#economy" data-link="/search?q=%23economy"><span contenteditable="false"><span></span><a href="/search?q=%23economy" target="_self">#economy</a></span></span> <span data-index="0" data-denotation-char data-id="0" data-value="&lt;a href=&quot;/search?q=%23inflation&quot; target=_self&gt;#inflation" data-link="/search?q=%23inflation"><span contenteditable="false"><span></span><a href="/search?q=%23inflation" target="_self">#inflation</a></span></span> <span data-index="0" data-denotation-char data-id="0" data-value="&lt;a href=&quot;/search?q=%23wages&quot; target=_self&gt;#wages" data-link="/search?q=%23wages"><span contenteditable="false"><span></span><a href="/search?q=%23wages" target="_self">#wages</a></span></span> </p>

Despite the highest inflation in 40-years, real wages are higher than pre-pandemic as of March 2022. Real wages in March 2022, as calculated by the ratio of Avg. Hrly Earnings to CPI, is actually up 1.8% since Jan 2020!


Average Hourly Earnings are of Production and Nonsupervisory Employees, Total Private, which Paul Krugman used in his Jan 25th op-ed discussing

the inflation narrative.


Source: Ratio of Average Hourly Earnings to CPI


#economy #inflation #wages

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Alex DamianouVisualization
1 like0 comments40 views
<p>#<a href="/search?q=%23economy" target="_self">Economics</a> #<a href="/search?q=%23GasPrices" target="_self">GasPrices</a> #<a href="/search?q=%23Cars" target="_self">Cars</a> #<a href="/search?q=%23Energy" target="_self">Energy</a> </p><p>The Kia Forte subcompact car, which is among the most affordable new cars on the market, has the highest price increase in the most states with 17.</p><p>The vehicle with the highest price increase across all states is the Kia Forte in New Jersey with an 61.0 percent increase.</p>

#Economics #GasPrices #Cars #Energy

The Kia Forte subcompact car, which is among the most affordable new cars on the market, has the highest price increase in the most states with 17.

The vehicle with the highest price increase across all states is the Kia Forte in New Jersey with an 61.0 percent increase.

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Patrick RussoVisualization
0 likes0 comments28 views
<p><a href="/search?q=%23economy" target="_self">#economy</a> <a href="/search?q=%23sotu" target="_self">#sotu</a> </p><p><br /></p><p><a href="https://app.openaxis.com/projects/openaxis/State-of-the-Union-2022" target="_blank">Return to State of the Union 2022 project by OpenAxis</a></p>
author profile photo
Patrick RussoVisualization
2 likes0 comments18 views
<p>In real terms, Average Hourly Earnings relatively high compared to the last 20 years.</p><p><a href="/search?q=%23economy" target="_self">#economy</a> <a href="/search?q=%23sotu" target="_self">#sotu</a> <a href="/search?q=%23fred" target="_self">#fred</a> </p><p><br /></p><p><a href="https://app.openaxis.com/projects/openaxis/State-of-the-Union-2022" target="_blank">Return to State of the Union 2022 project by OpenAxis</a></p>

In real terms, Average Hourly Earnings relatively high compared to the last 20 years.

#economy #sotu #fred


Return to State of the Union 2022 project by OpenAxis

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Patrick RussoVisualization
0 likes0 comments19 views
<p>In real terms, Average Hourly Earnings have been trending up since the mid-90's.</p><p><a href="/search?q=%23economy" target="_self">#economy</a> <a href="/search?q=%23sotu" target="_self">#sotu</a> <a href="/search?q=%23fred" target="_self">#fred</a> </p><p><br /></p><p><a href="https://app.openaxis.com/projects/openaxis/State-of-the-Union-2022" target="_blank">Return to State of the Union 2022 project by OpenAxis</a></p>

In real terms, Average Hourly Earnings have been trending up since the mid-90's.

#economy #sotu #fred


Return to State of the Union 2022 project by OpenAxis

author profile photo
Patrick RussoVisualization
1 like0 comments18 views
<p>About 12,000 more businesses closed than opened in 2020.</p><p><a href="/search?q=%23business" target="_self">#business</a> <a href="/search?q=%23economy" target="_self">#economy</a> <a href="/search?q=%23sotu" target="_self">#sotu</a> </p><p><br /></p><p><a href="https://app.openaxis.com/projects/openaxis/State-of-the-Union-2022" target="_blank">Return to State of the Union 2022 project by OpenAxis</a></p>

About 12,000 more businesses closed than opened in 2020.

#business #economy #sotu


Return to State of the Union 2022 project by OpenAxis

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Patrick RussoVisualization
1 like0 comments13 views
<p>In January 2021, the Labor Force Participation Rate was 1.7% below it's December 2019 level.</p><p>The Labor Force Participation Rate for women was 1.7% below it's December 2019 level, but was still down 1.9% for men.</p><p><a href="/search?q=%23economy" target="_self">#economy</a> <a href="/search?q=%23fred" target="_self">#fred</a> <a href="/search?q=%23sotu" target="_self">#sotu</a> </p><p><br /></p><p><a href="https://app.openaxis.com/projects/openaxis/State-of-the-Union-2022" target="_blank">Return to State of the Union 2022 project by OpenAxis</a></p>

In January 2021, the Labor Force Participation Rate was 1.7% below it's December 2019 level.

The Labor Force Participation Rate for women was 1.7% below it's December 2019 level, but was still down 1.9% for men.

#economy #fred #sotu


Return to State of the Union 2022 project by OpenAxis

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Patrick RussoVisualization
1 like0 comments25 views
<p>The labor force participation rate remains 1.2 percentage points below February 2020</p><p><a href="/search?q=%23economy" target="_blank">#economy</a> <a href="/search?q=%23fred" target="_blank">#fred</a> <a href="/search?q=%23sotu" target="_blank">#sotu</a> </p><p><br /></p><p><a href="https://app.openaxis.com/projects/openaxis/State-of-the-Union-2022" target="_blank">Return to State of the Union 2022 project by OpenAxis</a></p>

The labor force participation rate remains 1.2 percentage points below February 2020

#economy #fred #sotu


Return to State of the Union 2022 project by OpenAxis

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Patrick RussoVisualization
0 likes0 comments27 views
<p><a href="https://app.openaxis.com/projects/openaxis/State-of-the-Union-2022" target="_blank">Return to State of the Union 2022 project by OpenAxis</a></p><p><br /></p><p><a href="/search?q=%23economy" target="_self">#economy</a> <a href="/search?q=%23sotu" target="_self">#sotu</a> <a href="/search?q=%23fred" target="_self">#fred</a> </p>
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Patrick RussoVisualization
0 likes0 comments21 views
<p>Average Annual Unemployment Rate</p><p><br /></p><p>2021's average annual unemployment rate was 5.4%, 2.7 percentage points lower than the previous year but still the second highest since 2015.</p><p><br /></p><p><a href="https://app.openaxis.com/projects/openaxis/State-of-the-Union-2022" target="_blank">Return to State of the Union 2022 project by OpenAxis</a></p><p><a href="/search?q=%23employment" target="_self">#employment</a> <a href="/search?q=%23economy" target="_self">#economy</a> <a href="/search?q=%23fred" target="_self">#fred</a> <a href="/search?q=%23sotu" target="_self">#sotu</a> </p>

Average Annual Unemployment Rate


2021's average annual unemployment rate was 5.4%, 2.7 percentage points lower than the previous year but still the second highest since 2015.


Return to State of the Union 2022 project by OpenAxis

#employment #economy #fred #sotu

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Patrick RussoVisualization
1 like0 comments15 views
<p>The US economy added 6.7 million jobs in 2021 after losing 9.3 million jobs in 2020.</p><p><br /></p><p>All Employees, Total Nonfarm Change y-o-y</p><p>Change from preceding December, thousands of persons, non-farm.</p><p><br /></p><p><a href="https://app.openaxis.com/projects/openaxis/State-of-the-Union-2022" target="_blank">Return to State of the Union 2022 project by OpenAxis</a></p><p><a href="/search?q=%23economy" target="_self">#economy</a> <a href="/search?q=%23jobs" target="_self">#jobs</a> <a href="/search?q=%23sotu" target="_self">#sotu</a> <a href="/search?q=%23fred" target="_self">#fred</a> </p>

The US economy added 6.7 million jobs in 2021 after losing 9.3 million jobs in 2020.


All Employees, Total Nonfarm Change y-o-y

Change from preceding December, thousands of persons, non-farm.


Return to State of the Union 2022 project by OpenAxis

#economy #jobs #sotu #fred

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Patrick RussoVisualization
0 likes0 comments17 views
<p>Real GDP grew 5.7% in 2021 after decreasing 3.4% in 2020.</p><p><a href="https://app.openaxis.com/projects/openaxis/State-of-the-Union-2022" target="_blank">Return to State of the Union 2022 project by OpenAxis</a></p><p><br /></p><p><a href="/search?q=%23sotu" target="_self">#sotu</a> <a href="/search?q=%23fred" target="_self">#fred</a> <a href="/search?q=%23gdp" target="_self">#gdp</a> <a href="/search?q=%23economy" target="_self">#economy</a> </p>

Real GDP grew 5.7% in 2021 after decreasing 3.4% in 2020.

Return to State of the Union 2022 project by OpenAxis


#sotu #fred #gdp #economy

author profile photo
Patrick RussoVisualization
1 like0 comments53 views
<p>Russia and Ukraine are both in the top 5 global wheat exporters </p><p><br /></p><p>In 2019 together they were responsible for 25% of wheat exports. In Axios, Nathan Bomey highlights what this means for <a href="https://www.axios.com/russia-ukraine-wheat-supplies-25ada311-cc08-4418-bdd2-d1b61ffe3cf8.html" target="_blank">global wheat prices</a>.</p><p><br /></p><p><a href="/search?q=%23wheat" target="_self">#wheat</a> <a href="/search?q=%23ukraine" target="_self">#ukraine</a> <a href="/search?q=%23russia" target="_self">#russia</a> <a href="/search?q=%23economy" target="_self">#economy</a> </p>

Russia and Ukraine are both in the top 5 global wheat exporters


In 2019 together they were responsible for 25% of wheat exports. In Axios, Nathan Bomey highlights what this means for global wheat prices.


#wheat #ukraine #russia #economy

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Patrick RussoVisualization
0 likes0 comments38 views
<p>Despite the highest inflation in 40-years, real wages are higher than pre-pandemic.</p><p>Real wages, as calculated by the ratio of Avg. Hrly Earnings to CPI is actually up 3% since Jan 2020!</p><p>Average Hourly Earnings are of Production and Nonsupervisory Employees, Total Private, which Paul Krugman used in his Jan 25th op-ed discussing the inflation narrative. </p><p><br /></p><p><a href="/search?q=%23economy" target="_self">#economy</a> <a href="/search?q=%23inflation" target="_self">#inflation</a> <a href="/search?q=%23wages" target="_self">#wages</a> </p>

Despite the highest inflation in 40-years, real wages are higher than pre-pandemic.

Real wages, as calculated by the ratio of Avg. Hrly Earnings to CPI is actually up 3% since Jan 2020!

Average Hourly Earnings are of Production and Nonsupervisory Employees, Total Private, which Paul Krugman used in his Jan 25th op-ed discussing the inflation narrative.


#economy #inflation #wages

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Patrick RussoVisualization
1 like0 comments22 views
<p>Year over year inflation</p><p><br /></p><p><a href="/search?q=%23economy" target="_self">#economy</a> <a href="/search?q=%23inflation" target="_self">#inflation</a> <a href="/search?q=%23wages" target="_self">#wages</a> </p>

Year over year inflation


#economy #inflation #wages

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Patrick RussoVisualization
0 likes0 comments18 views
<p>A lot of people are focusing on y/y but last year was not a normal year. We should look at total CPI and wage increase since the start of the pandemic.  </p><p>Since Jan 2020 CPI is up 9%</p><p>Since Jan 2020 Average Hourly Earnings are up 12.6%</p><p><br /></p><p><a href="/search?q=%23economy" target="_self">#economy</a> <a href="/search?q=%23inflation" target="_self">#inflation</a> </p>

A lot of people are focusing on y/y but last year was not a normal year. We should look at total CPI and wage increase since the start of the pandemic.

Since Jan 2020 CPI is up 9%

Since Jan 2020 Average Hourly Earnings are up 12.6%


#economy #inflation

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Patrick RussoVisualization
0 likes0 comments24 views
<p>NSF budget grew from $3.8B in 1990 to $8.3B in 2022 in constant 2020 dollars. The Endless Frontier act would have more than tripled this.</p><p>The COMPETES Act only authorizes a fraction of additional NSF spending for additional basic and advanced technology research. $18B vs the Endless Frontier's $110B. </p><p><br /></p><p>Data for visualization: <a href="https://www.aaas.org/programs/r-d-budget-and-policy/historical-trends-federal-rd" target="_blank">American Association for the Advancement of Science</a></p><p><br /></p><p><a href="/search?q=%23economy" target="_self">#economy</a> <a href="/search?q=%23nsf" target="_self">#nsf</a> </p><p><br /></p>

NSF budget grew from $3.8B in 1990 to $8.3B in 2022 in constant 2020 dollars. The Endless Frontier act would have more than tripled this.

The COMPETES Act only authorizes a fraction of additional NSF spending for additional basic and advanced technology research. $18B vs the Endless Frontier's $110B.


Data for visualization: American Association for the Advancement of Science


#economy #nsf


author profile photo
Patrick RussoVisualization
0 likes0 comments31 views
<p>Top trading partners of Russia in 2020</p><p><br /></p><p><a href="/search?q=%23economy" target="_self">#economy</a> <a href="/search?q=%23exports" target="_self">#exports</a> <a href="/search?q=%23ukraine" target="_self">#ukraine</a> <a href="/search?q=%23russia" target="_self">#russia</a> </p>

Top trading partners of Russia in 2020


#economy #exports #ukraine #russia

author profile photo
Patrick RussoVisualization
0 likes0 comments18 views
<p><a href="/search?q=%23economy" target="_blank">#economy</a>  #unemployment</p>