According to the latest release on the subject from the Commerce Department, fourth quarter 2010 Gross Domestic Product (GDP) growth clocked in at 3.2%, following a third quarter that saw an increase of 2.6% in the GDP. All in all, that is a pretty respectable level of economic growth. The jobs picture is the classic [...]
Last week might have been described as euphoric for me, because both the firm size class numbers for 2007 and the nonemployer numbers for 2008 were released. When does that ever happen?
And it is usually around this time that at least one person wonders what the big deal is. After all, they’re just numbers, right?
And that’s true. These releases are not contained on other people’s research reports, like most of the research I cover. They are raw data, nothing but numbers.
But these numbers, over time, show trends. Those trends matter, to both the microbusinesses they describe and the overall economy they inhabit.
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from The Journal Blog