Economy 101

Once a week, I will post basic economic terms, helpful to understand the current crisis.


Stagflation – a combination of economic inflation and industrial recession

Consumer confidence – Consumer attitudes towards current and expected economic conditions.

Leading Indicators - Economic indicators used to predict future economic activity.

Retail Sales – The retail sales is a measure of the total receipts of retail stores. The changes in retail sales are widely followed as the most timely indicator of broad consumer spending patterns.

Jobless Claims – is a report issued by the U.S. Department of Labor on a weekly basis, tracking how many people have filed for unemployment benefits.

Unemployment Rate - number of unemployed persons expressed as a percentage of the labor force

enjoy!