Unemployment Rate: The unemployment rate reflects the percentage of the non-institutionalized workforce that is considered to be officially unemployed at a specified time.
Projected 18-month trend: The projection over the 18-month period ending 30 September 2006 is that the official Unemployment Rate will remain virtually stable at approximately 5.3 percent.
Probable effects on the automobile manufacturing industry in the United States: The projection for the Unemployment Rate is sufficient to allow new automobile sales in the United States to maintain existing trends. As stated above, however, the existing growth trends are modest at best. The projection for the Unemployment Rate is not sufficient (because unemployment will not fall) to lead to a substantial market expansion. Such a market expansion would allow the automobile manufacturing industry in the United States to overcome (a) poor product decisions - e.g., focusing new model development on high energy consumption vehicles, (b) poor quality perceptions by consumers, and (c) loss of competitive advantage to Japanese automobile manufacturers.
Inflation Rate. The rate of inflation is defined in this paper as the Consumer Price Index (CPI) for all consumers in the United States economy. The CPI for all consumers is based on a basket of goods, the prices of which are measured periodically. The index value is an indicator of the difference in price level in a current period of