June 5
Just in time for the employment report! This slideshow (featuring new pause and navigation controls) highlights the importance of industrial production. A transfer function analysis reveals that changes in industrial production can influence the unemployment rate with a lag of up to three months.
Run the analysis in RainbowStats
Equally interesting is the logistic growth analysis of industrial production since 1918. The chart illustrate United States reached a mature stage of industrial development, with a growing share of investment directed toward technology, software, and intellectual capital rather than traditional manufacturing. Current policy efforts to reverse that trend will prove costly.
