Sunday, October 7, 2012

Unanswered Questions Macroeconomic Analysis 10/7/12

Total US exports of weapons according to the Congressional Research Service (Table 36): $16 billion* out of total exports of around $1.5 trillion.

U6 unemployment vs U3 unemployment.  Interestingly, the wider measure of unemployment has flat lined over the last couple of months  Here is a table with the recent data:

Here is a short MSNBC video discussing the impact of public sector employment in general on the recession (with comparisons to past recessions).  I think some of the conclusions they draw are overstated, but the numbers are interesting:

Finally, I grossly overstated the jobs impact of hiring back teachers.  The number is actually 300,000 teachers have been laid off since Nov 2011.  Also, the info is from a tweet (from a credible source, mind you) so take that as you will.  Anyway, I have already spent too much time on this factoid!

*Estimates of arms exports varies widely, but I did  not see anyone claim more than around $20 or $30 billion in annual foreign arms sales.

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