Economy Watch: Vital Charts & Current Data The Center for Data Analysis April 2004.

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Presentation transcript:

Economy Watch: Vital Charts & Current Data The Center for Data Analysis April 2004

What is EconomyWatch? nOur aim is to make economic data easily accessible, so that facts rather rhetoric can lead policymakers’ discussions. nThis chart pack is one step in providing current, unfiltered, basic data on the economy. The Heritage.org website will also feature basic charts in a web format.

Payroll Survey is Preliminary

Double-Counting Payroll Jobs Pay Period Job at Company A Job at Company B No worker turnover = count of 1 payroll job Turnover = double-count of 2 payroll jobs x

Lower Job Turnover in 2003

U.S. Employment Dynamics 7.71m jobs lost per quarter (avg.) 8.11m jobs gained per quarter (avg.) SOURCE: Labor Department, BED data series,

Outsourcing in perspective 7.71m jobs lost per quarter (avg.) Worst-case estimates predict 55,000 jobs exported per quarter. This represents 0.7% of total gross job loss. SOURCE: Labor Department, Forrester Research, Heritage Foundation

Manufacturing: Jobs down, Output up