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justinjjlee/Okun-Phillips-620

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Activities through the lens of output, spending, and labor

Charting of economic indicators to observe trends in economic recovery. This code is used to construct extract, transform, and load (ETL) process.

Analysis from the data sources also track changes in measurements, as Okun's Law and Phillips Curve (Spirit of the data visualization by Ball et al. (2017) and Gordon (2020)).

  • Visualization in Tableau Public (TBD), comparing three different nations.

Data pulled using API for economic data, from the Federal Reserve Bank of St. Louis

Sources:

  • Federal Reserve Bank of Dallas
  • Federal Reserve Bank of St. Louis
  • Lewis, Mertens, and Stock (2020) - Data, Working Paper
  • U.S. Bureau of Economic Analysis
  • U.S. Bureau of Labor Statistics
  • U.S. Census Bureau - Household Pulse Survey

Macroeconomic recovery

Economic output

Consumer spending in retail

Wage and labor force participation rate

Unemployment and part-time employment for economic reasons

Heterogeneous state and industry recovery

Changes in labor force participation rate by state

Changes in unemployment rate by state

Employment recovery for industry-dependent states

Nevada (Hospitality) and Texas (Oil & Gas)

Disparitas Americana

Growing food insecurity for low-income households with children during the 2020 Pandemic