8542708 Revised

QUESTION 1: Which three states had the largest (positive) change in average earnings over this time period (remember to use the correct units in your answer)? How does Florida compare to the rest of the states in terms of the average change in weekly earnings? How does New York compare? states with largest increase in average earnings(in $)
California
930.58
958.58
28
Washington
948.94
977.53
28.59
District of Columbia
1393.64
1455.58
61.94

Florida has the 24th largest increase in average earnings. The change is 13.18$ which is a 1.74% change.
New York has a higher average increase in absolute and % terms both. The increase is 20.66$ and 2.2078%
QUESTION 2: How many states experienced an increase in average weekly earnings? How many had a decrease or no change? What do you think we can say about our national economic recovery based on this information?
46 states had an increase.
5 states had a decrease .
Since over 90% (46 out of 51) states showed a positive change we can say that the economy is doing well and improving.
QUESTION 3: Looking next at the percentage change, which three states had the largest increase in average weekly earnings? Why are these three states not the same as the three you picked for question 1? How do Florida and New York compare to the rest of the states in terms of our percentage change?
States with largest% change in average earnings
California
930.58
958.58

3.009%
Washington
948.94
977.53

3.013%
District of Columbia
1393.64
1455.58 4.444% Comparing with Q1 we see that the states with highest average increase also have highest % rise. Florida has a 1.74% rise while New York has a 2.2078% increase.
QUESTION 4: Based on your answers to Question 3, how do you think the economic recovery is progressing in the state of Florida versus the state of New York? How do you think this might be different if we were to compare “New York CITY” to “SOUTH Florida” (you can argue based on your understanding of the matter here)?
Recovery in Florida is not great as it has only 1.74% rise as compared to highest rise of 4.44%.
Please provide some data /information on South Florida as I don’t belong to USA.
QUESTION 5 : What kind of information in a table would you need to adequately answer the last part of Question 6 above?
We need data on seasonal indices for each region in each state. . Seasonal adjustment of the figures will allow us to adjust for changes in prices, so that we can answer in terms of real changes in purchasing power of earnings