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GROWTH RATE: The percentage change in a variable from one year to the next. The growth rate, in effect, measures how much the variable is growing over time. In that economists (as well as regular human people) are quite interested in economic growth, progress, and a lessening of the scarcity problem, growth rates for different economic variables are closely scrutinized. Among the most important are: real gross domestic product, population, and per capita income. Growth rates are important not only for the analysis of long-run progress (economic growth, economic development), but also short-run instability (business cycles)

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NOT IN THE LABOR FORCE

Anyone who is not classified by the Bureau of Labor Statistics (BLS) as members of the labor force, either employed persons or unemployed persons. This catch-all category is largely comprised of several notable segments of the population, such as young, elderly, homemakers, and military. However, it includes others who are either unwilling or unable to engage in productive activities for assorted reasons. The "not in the labor force" numbers are computed monthly by the BLS along with other employment and labor force information using data generated by the Current Population Survey.

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Today, you are likely to spend a great deal of time at a garage sale looking to buy either storage boxes for your computer software CDs or a set of tires. Be on the lookout for a thesaurus filled with typos.
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Before 1933, the U.S. dime was legal as payment only in transactions of $10 or less.
"We should never allow ourselves to be bullied by an either-or. There is often the possibility of something better than either of those two alternatives. "

-- Mary Parker Follett, management coach

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