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PROFIT Data, US, 1947-1969
that affect US Industry
| US PROFIT Data from 1947 - 1969
Sources: US Department of Commerce, US BEA (US Bureau of Analysis) for Income, Expense and
Profit, DocStoc.com for Unemployment. For references, see the
right side of HERE. FORWARD It took me a
long while to find good data out of the US. I had thought for
quite some time that most of television commentators and experts were
being free with their comments and not analyzing data much. After
getting into this, I find it makes me humble. As hard as it is to
find the data, it is far harder to analyze it. At first I thought
if profit was down, you could blame the president or those in Congress.
But after a bit, one realizes that there is far more going on.
Some presidents have "peace in their time". Some fight
recessions, and maybe more than one (Bush had 3) and some had to deal
with wars and some had to deal with tragedies of nature such as
volcanoes, hurricanes and floods and more. So a good analysis must
take that all into account. I did at least a second level type
analysis on the 1990 -2010 items since I am more familiar with
recessions and wars in that period. I have not yet looked closely
at this period. I have heard that Reagan, who is one of my
favorite presidents, was faced with a giant recession and that he did a
good recovery. Well, one of us, perhaps me, should get deeper into
this period with analysis before casing stones. I thought I would
just present the data with also the cautions: - recessions, wars, acts
of nature can affect what you see even more than the politicians
involved.
View the below data, or
skip ahead to another page for: profit
-1990-2010 or profit 1969-1990 or
profit 1929-2010 |
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Not much difference to me here. Perhaps a faster GDP with JFK,
Johnson.
Unemployment seems to have gone up under Eisenhower timing, but down for the
other three.
This one is disturbing for maybe two reasons. The first is that back
in about 1960 the federal government stopped ensuring profit. But the
other concern is that good industry growth and unemployment would also track
good profit. But there are now several cases seemingly in our US
history where it did not.
Again US Income is mostly IRS for the fed, but note that the US Department
of commerce also includes state and local income. Expense is what they spend, and the
profit picture above is mostly just Income - Expense. Since some of
the early profit/debt numbers were missing in this 1947-69 group, from 1947
through 1959 to be exact, in the BEA information, I obtained the profit
numbers from those earlier years by merely subtracting expense from income.
For the other years, I used the US BEA number for profit, which I think does
include some minor math rather than being a simple subtraction. And
yes, there is always a case where a difference in how profit is calculated
can change the curve. But I did use the best data available.
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