Category Archives: Economics

Musings on international and domestic economics.

What do these 3 countries have in common?

(Spoiler Alert! Answer at bottom)

Step 1: Identify the countries;)  South Korea, Israel, Singapore.

These 3 countries are all:

  • first world / developed countries with very high economic growth
  • small in area and population
  • ranked in the top ten for active military per 1000 people
  • have a draft requiring men (south korea and singapore) or men and women (israel) to spend 18+ months in the army full time and then participate in the reserves
  • have high ratios of reserve troops to active troops, with large portions of the population participating in the reserve army
  • have hostile relations with neighbors or have been invaded by neighbors in the past (singapore by japan)

Further Reading:

Economic Indicators

International Unemployment

United States Bureau of Labor Statistics

Economic Indicators

NJ showed up as the 15th highest unemployment rate (9.7 which is also the national average) on the latest Bureau of Labor Statistics.

Top 5:

  1. Michigan
  2. Nevada
  3. Rhode Island
  4. Oregon
  5. California

Bottom 5:

50. North Dakota
49. South Dakota
48. Nebraska
47. Utah
46. Virginia

    The average price of a home in Detroit is under 20K and the median house price is under 10K!

    Yikes!  References: