Producer Prices [monthly] Consumer Prices [monthly] Prices Received And Paid By Farmers [monthly] In one Word...

Producer Prices [monthly]

Consumer Prices [monthly]

Prices Received And Paid By Farmers [monthly]

In one Word document, for each indicator above briefly provide:

Name of the economic indicator

What the statistic means in general terms

Type of indictor (leading, lagging or coincidental) if known

Current value and recent trends

Source of the statistic including website address

Expert Solution

Answer:

Note: As a rustic name is not cited in the query. General practice round the arena to calculate this records is taken into consideration while answering.
The Unemployment Rate [monthly]: It is given via unemployment rate. This fee is calculated by the use of a formula: Number of unemployed in operating age/ Labour pressure

(Labour pressure = All the humans willing and capable of paintings in a rustic.)

Level of Civilian Employment[monthly]: It is given by means of unemployment fee. This charge is calculated through the usage of a system: Number of employed in working age/ Labour pressure
Average Weekly Hours, Hourly Earnings, and Weekly Earnings[monthly]Labor Productivity [quarterly]:
All these are given in a central authority ebook document posted month-to-month, quarterly and yearly.
Employment facts is a lagging indicator.
Because A lagging indicator is one that follows an occasion. It is able to confirm a pattern. One more example of this could be inflation index.
Recent Trends : Unemployment in India was 3.7 % inside the 12 months 2017-18.
Unemployment Rate in India multiplied to 3.Fifty two percent in 2017 from three.Fifty one percent in 2016. Unemployment Rate in India averaged 4.05 percentage from 1983 until 2017, attaining an all time high of eight.30 percent in 1983 and a document low of 3.Forty one percentage in 2014.

orchestra answered 2 years ago

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