Thursday, November 27, 2014

Thanksgiving Day: Nov. 27, 2014

In the fall of 1621, the Pilgrims — early settlers of Plymouth Colony, held a three-day feast to celebrate a bountiful harvest. This event is regarded by many as the nation’s first Thanksgiving. The Wampanoag  Indians in attendance played a  key role. Historians have recorded ceremonies of thanks among other groups of European settlers in North America. These include the British colonists in Virginia as early as 1619.
The legacy of thanks and the feast have survived the centuries, as the event became a national holiday 151 years ago (Oct. 3, 1863) when President Abraham Lincoln proclaimed the last Thursday of November as a national day of thanksgiving. Later, President Franklin Roosevelt clarified that Thanksgiving should always be celebrated on the fourth Thursday of the month to encourage earlier holiday shopping, never on the occasional fifth Thursday.
Where to Feast
115 million
Number of occupied housing units across the nation in 2014’s second quarter — all potential stops for Thanksgiving dinner. Source: U.S. Census Bureau, Housing Vacancies and Homeownership, Table 8 <http://www.census.gov/housing/hvs/data/histtabs.html>
4.4 million
Number of multigenerational households in the U.S. in 2013. These households, consisting of three or more generations, no doubt will have to purchase large quantities of food to accommodate all the family members sitting around the table for the holiday feast ─ even if there are no guests!  Source: 2013 American Community Survey, Table B11017 <http://factfinder2.census.gov/faces/tableservices/jsf/pages/productview.xhtml?pid=ACS_13_3YR_B11017&prodType=table>

Tuesday, November 25, 2014

Revenue Increased in All Service Sectors in 2013

Revenue increased in all of the nation’s 11 service sectors for employer firms, according to http://www.census.gov/services/index.html 2013 Service Annual Survey statistics released this month by the U.S. Census Bureau. Within the utilities sector, natural gas distribution showed a revenue increase of 15.7 percent, from $82.2 billion in 2012 to $95.1 billion in 2013.

The Service Annual Survey provides the most comprehensive national statistics available each year on service industry activity in the U.S. In 2009, the survey expanded to include data for all service industries, which account for approximately 55 percent of the U.S. gross domestic product.

Highlights from service sectors:

Utilities
• Private sector utility revenue for 2013 was $541.0 billion, up 5.6 percent from $512.1 billion in 2012.

Transportation and Warehousing
• Revenue for transportation and warehousing for 2013 was $815.8 billion, up 4.1 percent from $783.9 billion in 2012.
• Pipeline transportation showed $36.5 billion in revenue for 2013, up 5.7 percent from $34.6 billion in 2012.

Information
• Information sector revenue for 2013 was $1.3 trillion, up 3.4 percent from 2012.
• Within the sector, the revenue for software publishers for 2013 was $172.3 billion, up 6.8 percent from $161.3 billion in 2012.
• In 2013, the revenue for wireless telecommunication carriers (except satellite) was $226.0 billion, up 3.4 percent from $218.5 billion in 2012.
• Data processing, hosting, and related services revenue for 2013 was $95.5 billion, up 6.4 percent from $89.8 billion in 2012.
• Revenue for Internet publishing and broadcasting and Web search portals for 2013 was $62.5 billion, up 10.3 percent from $56.7 billion in 2012.

Finance and Insurance
• Finance and insurance revenue for 2013 was $3.6 trillion, up 2.3 percent from 2012.
• Financial transactions processing, reserve, and clearinghouse activities showed $47.6 billion in revenue for 2013, up 12.2 percent from $42.5 billion in 2012.
• Portfolio management had $206.0 billion in revenue for 2013, up 10.7 percent from $186.0 billion in 2012.
• Investment advice revenue for 2013 was $31.8 billion, up 13.8 percent from $27.9 billion in 2012.

Real Estate and Rental and Leasing
• Real estate and rental and leasing had $497.1 billion in revenue for 2013, up 7.0 percent from $464.6 billion in 2012.

Professional, Scientific, and Technical Services
• Professional, scientific, and technical services revenue for 2013 was $1.5 trillion, up 2.0 percent from 2012.

Administrative and Support and Waste Management and Remediation Services
• Administrative and support and waste management and remediation services had revenue of $745.2 billion for 2013, up 4.0 percent from $716.9 billion in 2012.

Educational Services
• Educational services revenue for 2013 was $56.9 billion, up 3.8 percent from $54.8 billion in 2012.

Health Care and Social Assistance
• Health care and social assistance revenue for 2013 was $2.2 trillion, up 2.7 percent from 2012.

Arts, Entertainment, and Recreation
• The arts, entertainment, and recreation sector had revenue of $222.2 billion for 2013, up 4.7 percent from $212.2 billion in 2012.

Other Services (Except Public Administration)
• Other services (except public administration) revenue for 2013 was $448.2 billion, up 6.0 percent from $422.7 billion in 2012.

Monday, November 24, 2014

The increased supply of underutilized labor from 2006 to 2014

The supply of labor and worker productivity are major sources of a nation’s long-term growth in economic output. The supply of labor depends on the size of a country’s population and the country’s labor force participation rate...

In the United States, the labor force participation rate for men has been falling for several decades. The participation rate for women increased for several decades until 1999, but has fallen since.

During a recession, a country’s actual economic output typically falls below its long-term potential output; recovery from a recession generally brings the economy back to its potential output. The recession that officially began in the United States in December 2007 and ended in June 2009 was the longest, and one of the deepest, since the Great Depression.5 Because of a slow recovery, the unemployment rate was higher in mid-2014 than it was during the year before the recession, raising concerns about the effect of the recession and the subsequent slow recovery on long-term potential output.

More from the Bureau of Labor Statistics.

Sunday, November 23, 2014

American Indian and Alaska Native Heritage month

The first American Indian Day was celebrated in May 1916 in New York. Red Fox James, a Blackfeet Indian, rode horseback from state to state, getting endorsements from 24 state governments, to have a day to honor American Indians. In 1990, President George H.W. Bush signed a joint congressional resolution designating November 1990 as “National American Indian Heritage Month.” Similar proclamations have been issued every year since 1994. This Facts for Features presents statistics for American Indians and Alaska Natives, as this is one of the six major Office of Management and Budget race categories.
Note: Unless otherwise specified, the statistics in the “Population” section refer to the population who reported a race alone or in combination with one or more other races.
Population
5.2 million
The nation’s population of American Indians and Alaska Natives, including those of more than one race. They made up about 2 percent of the total population in 2013. Of this total, about 49 percent were American Indian and Alaska Native only, and about 51 percent were American Indian and Alaska Native in combination with one or more other races. Source: 2011-2013 American Community Survey <http://factfinder2.census.gov/faces/tableservices/jsf/pages/productview.xhtml?pid=ACS_13_3YR_S0201&prodType=table>
11.2 million
The projected population of American Indians and Alaska Natives, alone or in combination, on July 1, 2060. They would comprise 2.7 percent of the total population. Source: Population projections <http://www.census.gov/population/projections/files/summary/NP2012-T4.xls>
432,343
The American Indian and Alaska Native population, alone or in combination, 65 and over. Source: 2013 American Community Survey <http://factfinder2.census.gov/faces/tableservices/jsf/pages/productview.xhtml?pid=ACS_13_3YR_S0201&prodType=table>
14
Number of states with more than 100,000 American Indian and Alaska Native residents, alone or in combination, in 2013. These states were California, Oklahoma, Arizona, Texas, New Mexico,Washington, New York, North Carolina, Florida, Alaska, Michigan, Oregon, Colorado and Minnesota.Source: 2013 American Community Survey <http://factfinder2.census.gov/bkmk/table/1.0/en/ACS/12_1YR/S0201/0100000US.04000/popgr oup~009>

Friday, November 21, 2014

25th Anniversary of Technology That Propelled GIS, Digital and Online Mapping into 21st Century

U.S. Geological Survey Adds TIGER Roads as Basis for National Map

The convenience of getting directions today on smartphones and tablets can trace its roots to the digital geographic database created 25 years ago by the U.S. Census Bureau.

The Topologically Integrated Geographic Encoding and Referencing (TIGER) database — the first nationwide digital map of roads, boundaries and water — was initially created for the 1990 Census to modernize the once-a-decade head count. However, its impact has extended well beyond its initial purpose by offering common map data in electronic form that powers today’s geographic information system industry.

“TIGER is just one example of how innovation in the government has spurred innovation and positive economic results in the private sector,”

Thursday, November 20, 2014

Internet to Hit 3 Billion Users in 2015

The number of internet users worldwide will surpass 3 billion in 2015, according to new figures from eMarketer, increasing 6.2% next year to reach 42.4% of the entire world's population.

This year, the internet will reach more than two in five people in the world for the first time as online audience hits 2.89 billion users globally. By 2018, eMarketer estimates, nearly half the world's population, or 3.6 billion people, will access the internet at least once each month.

- See more at Emarketer

Wednesday, November 19, 2014

Best & Worst States at Combating the High Cost of Lung Cancer

Lung cancer is a costly disease. It claims more lives in the U.S. than the next three most common types of cancer combined: colon, breast and pancreatic. And the chance of surviving lung cancer is equally disappointing — an underwhelming 16.6 percent, compared with 64.2 percent for colon cancer and 89.2 percent for breast cancer — calling for heightened attention to the deadly disease.

Not only is lung cancer physically and emotionally taxing, it also imposes an astounding financial toll on both the person it afflicts and the rest of society. According to the most recent National Institutes of Health estimates, the disease accounted for $12.1 billion of total cancer care costs in 2010. Five years earlier, premature deaths from lung cancer among adults aged 20 and older resulted in $36.1 billion in lost productivity.

Although many governments and organizations have implemented various measures, such as smoke-free bans and tobacco product regulations, to curb the prevalence of lung cancer, another 224,210 new patients were expected to be diagnosed with the illness this year alone.

Advancing the cause of Lung Cancer Awareness Month, WalletHub ranked the 50 states and the District of Columbia in terms of their efforts to combat the expensive societal and economic impacts of the disease.

(NEW YORK IS IN THE TOP SIX OVERALL.)

More from WalletHub.

Tuesday, November 18, 2014

Income and Net Worth of Veteran Business Owners over the Business Cycle, 1989–2010

This month, the Office of Advocacy is releasing a new research report, Income and Net Worth of Veteran Business Owners over the Business Cycle, 1989–2010. The report looks at the effects of two decades of economic expansion and recession on the economic fortunes of veterans and veteran small business owners. It finds that veteran small business owners did better than veterans who did not own small businesses during the 20-year-period. The economic extremes of the period 1989-2010—including the end of the longest U.S. economic expansion and the Great Recession—had similar effects on all business owners—veteran and non-veteran alike.

The report and research summary are available on Advocacy’s webpage.