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August 7, 2009
There are many different indicators that give people a picture of the overall shape of the economy, but which one is the most important?
That was the subject of this week's Business Pulse survey here at Los Angeles Business from bizjournals.
Results of the question "What's the most important economic indicator you track?" broke down as follows:
* Unemployment rate -- 39 percent (50 votes)
* Consumer confidence -- 20 percent (26 votes)
* Dow Jones Industrial Average -- 13 percent (17 votes)
* GDP -- 10 percent (13 votes)
* Home sales -- 9 percent (12 votes)
* Other -- 6 percent (8 votes)
Comments left by respondents include:
"Unemployment rates tells you how many people will have less money to contribute to our consumption."
"I track my personal employment rate. If my neighbor's out of work, it's a recession. If I'm out of work, it's a depression. So far, it's a recession."
"Not sure why so many track unemployment numbers. It is a lagging indicator. It's like looking in the rear view mirror. It will tell you where the economy was, but not where it's going."
This week's question looks at a hot-button issue in America -- health-care reform. Quite simply, we want to know: Will health care reform benefit small business? Go to our homepage and vote.
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