ECON-versations with NABE

In this week's episode of Measurement Mondays we speak with Tom Howells, Chief of the Industry Economics Division at the Bureau of Economic Analysis to talk GDP! Ever wonder why the BEA releases real and nominal GDP figures? Which figures should you be using and why? Plus, there is more to GDP than just the top-line figures. Join us as we walk through the differences of BEA’s value added by industry statistics and the headline GDP measure. They should all give the same answer, but each one comes at GDP from a different angle and often using different source data. Hear Tom discuss how these measures are calculated.

Want to learn more about the data produced by the U.S. Census Bureau, Bureau of Economic Analysis, and Bureau of Labor Statistics? Check out the more than 100 data series that will be discussed at this year’s Economic Measurement Seminar, July 15-16 in Washington, DC, and online. For more information and to register, visit NABE.com/EMS2024.

Join us over the next few weeks for Measurement Mondays, a limited series of the ECON-versations with NABE podcast, where we speak to officials at the federal statistical agencies about some of their more popular data sets and the questions they get most often from economists about the data. Measurement Mondays is sponsored by The NABE Foundation’s Economic Measurement Seminar.

In the first episode of Measurement Mondays, we speak with Nick Orsini, Associate Director for Economic Programs, U.S. Census Bureau, and Katie Genadek, Labor Economist and Acting Division Chief, Economic Statistical Methods Division, U.S. Census Bureau, to discuss the innovative changes to their annual surveys and what the NEW Annual Integrated Economic Survey means for data respondents and data users. Also, when we can expect to see the results? And what new partnerships and data visualization tools are under way?  

Want to learn more about the data produced by the U.S. Census Bureau, Bureau of Economic Analysis, and Bureau of Labor Statistics? Check out the more than 100 data series that will be discussed at this year’s Economic Measurement Seminar, July 15-16 in Washington, DC, and online. For more information and to register, visit NABE.com/EMS2024.

Welcome back to another episode of ECON-versations with NABE! NABE President Ellen Zentner and former NABE President Julia Coronado discuss the May employment report. Be sure to tune in every Monday following the employment report as we dive into the latest data and events impacting the economy.

Ellen Zentner, Managing Director and U.S. Chief Economist, Morgan Stanley

Julia Coronado, President and Founder, MacroPolicy Perspectives LLC

What is NABE?

NABE is the premier professional association for business economists and others who use economics in the workplace. Since 1959, NABE has attracted the most prominent figures in economics, business, and academia to its membership with highly-regarded conferences, educational and career development offerings, industry surveys, and its unrivaled networking opportunities. Past presidents of NABE include former Chairman of the Board of Governors for the Federal Reserve System, Alan Greenspan, several former Federal Reserve Governors, and other senior business leaders.

We hope you can join us for the 21st Annual Economic Measurement Seminar, July 15-16, in Washington, DC! The EMS pairs expert data producers with prominent data users to provide you with insights into how statistics are compiled and how data are used to track the macroeconomy -- nearly 100 data series are covered over the course of two days! See full list here. EMS attendees also earn the Certificate in Economic Measurement. To register, please visit NABE.com/EMS2024.

This episode is a webinar replay of the May 2024 NABE Outlook Survey Results Webinar, held on May 20, 2024. NABE Outlook Survey Analysts discuss the results and take audience questions.

The May 2024 NABE Outlook presents the consensus macroeconomic forecast of a panel of 43 professional forecasters. The survey, covering the outlook for 2024 and 2025, was conducted April 23 – May 6, 2024. Mervin Jebaraj (chair), University of Arkansas; Kathy Bostjancic, Nationwide; Beth Ann Bovino, U.S. Bank; Martin Holdrich, Woods & Poole Economics, Inc.; Jack Kleinhenz, CBE, National Retail Federation; and Ryan Sweet, Oxford Economics, conducted the analysis of survey responses for this report. The views expressed in this report are those of the panelists, and do not necessarily represent the views of their affiliated companies or institutions.

For more information and to access the full report, please visit NABE.com/Surveys.

In today's society, consumer attitudes and preferences are influenced by increasing political polarization and societal division. This panel aims to explore how political views affect consumer choices and delve into the phenomenon of politically motivated purchasing and boycotts. We will examine consumers' preference for brands taking a political stance versus remaining apolitical, drawing on recent events where major retailers took a political stance. We will also look at cases where companies reported changes in sales due to their political stances or those of their endorsers.

John Leer, Chief Economist, Morning Consult 
Bruce Cundiff, Vice President, Business and Economic Insights, Visa

Moderator: Ida Johnsson, Ph.D., Associate Director, Chewy

This is a previously recorded webinar from May 9, 2023.

NABE President Ellen Zentner and former NABE President Julia Coronado discuss the April employment report. Be sure to tune in every Monday following the employment report as we dive into the latest data and events impacting the economy.

Ellen Zentner, Managing Director and U.S. Chief Economist, Morgan Stanley

Julia Coronado, President and Founder, MacroPolicy Perspectives LLC

This episode is the webinar replay of the April 2024 NABE Business Conditions Survey results webinar, held on Monday, April 22, 2024. NABE Business Conditions Survey Chair, Carlos Herrera, discusses the results and takes audience questions alongside Survey Analysts Sara Rutledge and Michael Uhrich.

Carlos Herrera, Chief Economist, Coca-Cola North America

Sara Rutledge, Founder and Chief Economist, SRR Consulting

Michael Uhrich, Founder and Chief Economist, Seven Point Consulting

The April 2024 NABE Business Conditions Survey report presents the responses of 49 NABE members to a survey conducted April 1-9, 2024, on business conditions in their firms or industries, and reflects first-quarter 2024 results and the near-term outlook.

COMMENTS: “The April 2024 Business Conditions Survey results suggest a still-strong business environment, with more respondents than in the January survey reporting rising sales and profit margins in the previous three months,” said NABE President Ellen Zentner, chief U.S. economist, Morgan Stanley. “However, fewer panelists than in January expect their firms’ sales or profit margins to increase in the next three months.”

“The results also suggest that inflation is still with us, but may be easing,” added NABE Business Conditions Survey Chair Carlos Herrera, chief economist, Coca-Cola North America. “Almost two-thirds of panelists expect prices charged to remain unchanged in the next three months.”

To learn more about NABE Surveys, please visit NABE.com/Surveys.

Former NABE President Julia Coronado sits down with Indeed's Nick Bunker to discuss the March employment report. Be sure to tune in every Monday following the employment report as we dive into the latest data and events impacting the economy.

Julia Coronado, President and Founder, MacroPolicy Perspectives LLC

Nick Bunker, Economic Research Director for North America, Indeed Hiring Lab

Immigration policy is one of the most contentious issues of our time. At the national, regional, and state levels, policymakers must review the macroeconomics of immigration, recent trends, potential reforms, and their economic impacts. Pia Orrenius, Vice President and Senior Economist at the Federal Reserve Bank of Dallas and coauthor of Beside the Golden Door: U.S. Immigration Reform in a New Era of Globalization, and Jack Malde, Senior Policy Analyst at the Bipartisan Policy Center, whose immigration and workforce work has appeared in several publications including Bloomberg Law and USA Today, will discuss essential considerations of immigration policy in the context of current and projected immigration trends. Fred Treyz, CEO & Chief Economist at REMI, will be moderating this panel.

Pia Orrenius Slides

Jack Malde Slides

This is a recording from the NABE Regional Roundtable webinar on Thursday, March 28, 2024.

NABE is the premier professional association for business economists and others who use economics in the workplace. Since 1959, NABE has attracted the most prominent figures in economics, business, and academia to its membership with highly-regarded conferences, educational and career development offerings, industry surveys, and its unrivaled networking opportunities. Past presidents of NABE include former Chairman of the Board of Governors for the Federal Reserve System, Alan Greenspan, several former Federal Reserve Governors, and other senior business leaders.

Celebrate Women's History Month by learning about the

Speakers:

Kasey Buckles, Professor of Economics and Concurrent Professor of Gender Studies, University of Notre Dame; Associate Chair and Director of Mentoring, AEA's Committee on the Status of Women in the Economics Profession | Slides

Bola Olaniyan, Executive Director, The Sadie Collective; Co-Chair, NABE Diversity Roundtable | Slides

Mary Clare Peate, Senior Economic Education Specialist, Federal Reserve Bank of St. Louis | Resources

Moderator: Jessica Dill, Director, HR Business Partner, Federal Reserve Bank of Atlanta; Co-Chair, NABE Diversity Roundtable

NABE is the premier professional association for business economists and others who use economics in the workplace. Since 1959, NABE has attracted the most prominent figures in economics, business, and academia to its membership with highly-regarded conferences, educational and career development offerings, industry surveys, and its unrivaled networking opportunities. Past presidents of NABE include former Chairman of the Board of Governors for the Federal Reserve System, Alan Greenspan, several former Federal Reserve Governors, and other senior business leaders.