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JOBLESS CLAIMS: The number of people filing for the first time to receive unemployment compensation benefits during a given time period, usually one week. Jobless claims are key indicator of current economic activity and are one of twelve leading economic indicators that forecast business cycle activity. A rise in jobless claims is a clear indication that fewer people are employed, the unemployment rate is on the rise, and the economy is headed into a contraction.
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SCARCE RESOURCE A resource with an available quantity less than its desired use. Scarce, or economic, resources are also called factors of production and are generally classified as either labor, capital, land, or entrepreneurship. Scarce resources are the workers, equipment, raw materials, and organizers used to produce scarce goods. Like the more general society-wide condition of scarcity, a given resource falls into the scarce category because it has a limited availability in combination with greater (potentially unlimited) productive uses.
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PINK FADFLY
[What's This?]
Today, you are likely to spend a great deal of time flipping through the yellow pages seeking to buy either one of those "hang in there" kitty cat posters or a velvet painting of Elvis Presley. Be on the lookout for neighborhood pets, especially belligerent parrots.
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Only 1% of the U.S. population paid income taxes when the income tax was established in 1914.
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"Laughter is the shortest distance between two people. " -- Victor Borge, musician, humorist
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VIR
Variable Interest Rate
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