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Mining	
  BEA	
  Economic	
  Data	
  to	
  
     Break	
  Local	
  Stories	
  	
  
                   	
  


                  Thomas Dail and Jeannine Aversa
                       U.S. Bureau of Economic Analysis
                                          April 4, 2013
Where	
  to	
  Begin?	
  


 §  You	
  might	
  have	
  a	
  hunch	
  about	
  something	
  that	
  is	
  happening	
  
     in	
  your	
  local	
  economy.	
  Or,	
  you	
  are	
  on	
  the	
  hunt	
  for	
  a	
  
     compelling	
  data	
  point	
  to	
  build	
  a	
  story	
  around.	
  	
  

 §  Either	
  way,	
  if	
  you	
  are	
  willing	
  to	
  take	
  the	
  =me	
  to	
  analyze	
  
     BEA’s	
  interac=ve	
  database	
  of	
  local	
  economic	
  sta=s=cs,	
  the	
  
     odds	
  are	
  good	
  that	
  you	
  will	
  come	
  away	
  with	
  an	
  
     enterprising	
  story.	
  	
  




www.bea.gov	
                                                                                         2
Our	
  Story	
  

 §  Before	
  we	
  dig	
  in,	
  we	
  want	
  to	
  tell	
  you	
  a	
  liBle	
  
     about	
  ourselves.	
                                                 fr

 §  I’m	
  Jeannine	
  Aversa,	
  I’m	
  chief	
  of	
  public	
  affairs	
  
     and	
  outreach	
  at	
  the	
  BEA.	
  Before	
  I	
  joined	
  the	
  
     bureau	
  in	
  September	
  2011,	
  I	
  worked	
  as	
  a	
  
     journalist	
  for	
  nearly	
  30	
  years.	
  For	
  more	
  than	
  a	
  
     decade,	
  I	
  was	
  The	
  Associated	
  Press’	
  chief	
  
     economics	
  writer,	
  covering	
  the	
  Federal	
  Reserve,	
  
     the	
  Treasury	
  	
  Department,	
  the	
  IMF,	
  World	
  Bank	
  
     and	
  of	
  course	
  –	
  all	
  the	
  major	
  economic	
  
     indicators!	
  	
  
www.bea.gov	
  
Our	
  Story	
  

                  §  I’m	
  Tom	
  Dail,	
  and	
  I’m	
  a	
  public	
  affairs	
  
                      specialist	
  at	
  the	
  BEA.	
  	
  I	
  bring	
  a	
  dozen	
  
                      years	
  worth	
  of	
  experience	
  in	
  newspaper	
  
                      repor=ng	
  and	
  in	
  public	
  rela=ons.	
  Before	
  
                      joining	
  the	
  bureau,	
  I	
  covered	
  poli=cs	
  and	
  
                      business	
  for	
  Freedom	
  Communica=ons	
  
                      in	
  North	
  Carolina	
  




www.bea.gov	
  
Today’s	
  Goals	
  



 §  We	
  will	
  walk	
  you	
  through	
  the	
  types	
  of	
  local	
  economic	
  
     sta=s=cs	
  BEA	
  has	
  available	
  on	
  its	
  public	
  website	
  and	
  their	
  
     importance.	
  

 §  We	
  will	
  dissect	
  several	
  news	
  stories	
  using	
  BEA	
  sta=s=cs	
  and	
  
     tell	
  you	
  how	
  to	
  find	
  them.	
  

 §  We	
  will	
  ask	
  you	
  to	
  mine	
  BEA’s	
  database	
  for	
  specific	
  data	
  
     points.	
  	
  

 	
  	
  
www.bea.gov	
  
Where	
  to	
  Begin?	
  


 §  From	
  BEA’s	
  public	
  website	
  (www.bea.gov),	
  you	
  can	
  
     access	
  a	
  treasure	
  trove	
  of	
  local	
  economic	
  sta=s=cs	
  by	
  
     using	
  our	
  interac=ve	
  database.	
  
 §  Want	
  to	
  find	
  out	
  how	
  fast	
  your	
  local	
  economy	
  is	
  
     growing?	
  The	
  forces	
  suppor=ng	
  growth	
  or	
  restraining	
  it?	
  
     You’ll	
  want	
  to	
  analyze	
  Gross	
  Domes=c	
  Product	
  sta=s=cs	
  	
  
     that	
  BEA	
  produces	
  by	
  state	
  or	
  metro	
  area.	
  
 	
  



www.bea.gov	
                                                                             6
Where	
  to	
  Begin?	
  
 §  Want	
  to	
  find	
  out	
  how	
  much	
  
     people	
  in	
  your	
  state,	
  county	
  or	
  
     metro	
  area	
  earn?	
  Which	
  
     industries	
  are	
  paying	
  more	
  or	
  
     less?	
  	
  
 §  How	
  much	
  is	
  paid	
  in	
  Social	
  
     Security,	
  Medicare,	
  
     unemployment	
  insurance	
  and	
  
     other	
  government	
  benefits?	
  	
  
 §  	
  Then	
  you’ll	
  want	
  to	
  troll	
  through	
  
     our	
  income	
  sta=s=cs	
  by	
  state,	
  
     county	
  or	
  metro	
  area.	
  
www.bea.gov	
                                                   7
Where	
  to	
  Begin?	
  


 §  By	
  analyzing	
  BEA’s	
  local	
  economic	
  data,	
  you’ll	
  be	
  able	
  to	
  
     spot	
  trends	
  and	
  gather	
  historical	
  context.	
  You	
  might	
  
     unearth	
  data	
  points	
  that	
  run	
  counter	
  to	
  “conven=onal	
  
     wisdom”	
  –	
  useful	
  in	
  producing	
  a	
  myth-­‐bus=ng	
  story.	
  	
  

 §  Before	
  you	
  dive	
  into	
  BEA’s	
  database,	
  you	
  probably	
  will	
  
     want	
  to	
  take	
  =me	
  to	
  scan	
  the	
  local	
  economic	
  reports	
  we	
  
     produce.	
  




www.bea.gov	
                                                                                   8
Where	
  to	
  Begin?	
  


  A	
  sampling	
  of	
  our	
  published	
  
  reports:	
  
 §  GDP	
  by	
  Metro	
  Area.	
  
       Sta=s=cs	
  for	
  2011.	
  
       Released	
  Feb.	
  22	
  
 §  State	
  Quarterly	
  Personal	
  
       Income.	
  Final	
  quarter	
  of	
  
       2012.	
  	
  March	
  27	
  release	
  
       date.	
  	
  Quarterly	
  sta=s=cs	
  
       for	
  2013	
  released	
  June	
  28,	
  
       Sept.	
  30	
  and	
  Dec.	
  19.	
  	
  
www.bea.gov	
  
Where	
  to	
  Begin?	
  


  A	
  sampling	
  of	
  our	
  published	
  
  reports:	
  
 §  GDP	
  by	
  State.	
  Sta=s=cs	
  for	
  
       2012.	
  June	
  6,	
  release	
  date.	
  
 §  Local	
  Area	
  Personal	
  
       Income.	
  Sta=s=cs	
  for	
  2012.	
  	
  
       Nov.	
  21	
  release	
  date.	
  	
  




www.bea.gov	
  
Anatomy	
  of	
  a	
  Story	
  

 §  “Bad	
  Luck	
  and	
  Hard	
  
     Times	
  on	
  the	
  Menu	
  at	
  a	
  
     Bus	
  Terminal	
  in	
  West	
  
     Virginia,”	
  The	
  New	
  York	
  
     Times,	
  May	
  11,	
  2011.	
  


  §  Uses	
  BEA	
  data	
  to	
  unearth	
  this	
  sta=s=c:	
  manufacturing	
  jobs	
  
      fell	
  by	
  nearly	
  40	
  percent	
  in	
  West	
  Virginia	
  since	
  1990.	
  
  §  Built	
  story	
  around	
  this	
  data	
  point	
  by	
  examining	
  the	
  ripple	
  
      effect	
  of	
  those	
  job	
  losses	
  on	
  the	
  West	
  Virginia	
  town	
  of	
  
      Weirton.	
  	
  	
  

www.bea.gov	
  
Finding	
  the	
  Data	
  



 §  We’re	
  going	
  to	
  walk	
  you	
  through	
  how	
  to	
  find	
  these	
  data	
  
      point.	
  (Live	
  demo	
  takes	
  place	
  here,	
  accompanied	
  by	
  handout	
  
      of	
  instruc=ons.)	
  
 	
  
 §  Now	
  it’s	
  your	
  turn.	
  	
  Exercise	
  1.	
  Find	
  the	
  rate	
  of	
  growth	
  or	
  
      decline	
  in	
  manufacturing	
  jobs	
  located	
  in	
  the	
  Louisville	
  metro	
  
      area	
  from	
  2001	
  to	
  2011.	
  	
  




www.bea.gov	
  
Anatomy	
  of	
  a	
  Story	
  




     §  “Trade-­‐linked	
  service	
  jobs	
  help	
  lead	
  El	
  Paso	
  income	
  
         gains”	
  
     §  El	
  Paso	
  Times,	
  Sept.	
  5,	
  2012	
  

www.bea.gov	
  
Anatomy	
  of	
  a	
  Story	
  

 §  Reporter	
  used	
  BEA	
  data	
  as	
  the	
  basis	
  for	
  the	
  story	
  but	
  fleshed	
  it	
  
     out	
  by	
  talking	
  to	
  local	
  experts.	
  
 §  El	
  Paso's	
  per-­‐capita	
  income	
  grew	
  4	
  percent	
  per	
  year	
  from	
  2001	
  
     through	
  2010	
  while	
  na=onal	
  per-­‐capita	
  income	
  grew	
  2.8	
  
     percent.	
  	
  
 §  Growth	
  was	
  aBributed	
  to	
  finance,	
  real	
  estate	
  and	
  management	
  
     =ed	
  to	
  cross-­‐border	
  trade	
  and	
  manufacturing	
  growth	
  in	
  
     Mexico.	
  




www.bea.gov	
  
Finding	
  the	
  Data	
  

 §  We’re	
  going	
  to	
  walk	
  you	
  through	
  how	
  to	
  find	
  these	
  data	
  
     points.	
  (Live	
  demo	
  takes	
  place	
  here,	
  accompanied	
  by	
  handout	
  
     of	
  instruc=ons.)	
  

 §  Now	
  it’s	
  your	
  turn.	
  	
  Exercise	
  2.	
  Per	
  capita	
  personal	
  income	
  
     growth	
  for	
  the	
  El	
  Paso	
  metro	
  area	
  2001-­‐2010.	
  Find	
  the	
  
     increase	
  in	
  employment	
  in	
  finance,	
  real	
  estate,	
  and	
  
     professional	
  services	
  over	
  that	
  =me.	
  	
  




www.bea.gov	
  
Anatomy	
  of	
  a	
  Story	
  

 §  “Wealth	
  Rises	
  in	
  America’s	
  Heartland”	
  USA	
  Today,	
  Nov.	
  27,	
  
     2012.	
  

 §  Here’s	
  an	
  example	
  of	
  
     how	
  reporters	
  can	
  
     analyze	
  BEA’s	
  local	
  
     economic	
  data	
  to	
  
     produce	
  a	
  na=onal	
  
     story.	
  




www.bea.gov	
  
Anatomy	
  of	
  a	
  Story	
  

 §  USA	
  Today	
  analyzed	
  BEA’s	
  per-­‐capita	
  personal-­‐income	
  data	
  
      for	
  metro	
  areas	
  and	
  for	
  coun=es.	
  	
  (Note:	
  USA	
  Today	
  adjusted	
  
      BEA’s	
  figures	
  for	
  infla=on.)	
  	
  
 	
  
 §  	
  Bridgeport-­‐Stamford,	
  Conn.,	
  metro	
  area	
  had	
  income	
  of	
  
      $78,504	
  per	
  person	
  in	
  2011,	
  the	
  most	
  affluent	
  place	
  in	
  the	
  
      country	
  in	
  the	
  past	
  decade,	
  USA	
  Today	
  reported.	
  	
  




www.bea.gov	
  
Finding	
  the	
  Data	
  

 §  We’re	
  going	
  to	
  walk	
  you	
  through	
  how	
  to	
  find	
  these	
  data	
  
     points.	
  (Live	
  demo	
  takes	
  place	
  here,	
  accompanied	
  by	
  handout	
  
     of	
  instruc=ons.	
  

 §  Now	
  it’s	
  your	
  turn.	
  	
  Exercise	
  3.	
  Find	
  per-­‐capita	
  personal	
  
     income	
  for	
  all	
  metro	
  areas.	
  Rank	
  them.	
  Where	
  does	
  Louisville	
  
     stand?	
  	
  




www.bea.gov	
  
Anatomy	
  of	
  a	
  Story	
  

 §  Houston	
  tops	
  list	
  for	
  
     fastest	
  growth	
  
 §  Houston	
  Chronicle,	
  
     February	
  22,	
  2013	
  
     	
  



§  Based	
  on	
  the	
  metro	
  GDP	
  report	
  released	
  in	
  late	
  February,	
  the	
  
    author	
  spoke	
  to	
  a	
  local	
  expert	
  to	
  dig	
  into	
  the	
  details	
  of	
  the	
  
    local	
  story.	
  
§  Infla=on-­‐adjusted	
  gross	
  domes=c	
  product	
  for	
  Houston-­‐Sugar	
  
    Land-­‐Baytown	
  increased	
  3.7	
  percent	
  in	
  2011.	
  	
  
www.bea.gov	
  
Finding	
  the	
  Data	
  

 §  We’re	
  going	
  to	
  walk	
  you	
  through	
  how	
  to	
  find	
  these	
  data	
  
     points.	
  (Live	
  demo	
  takes	
  place	
  here,	
  accompanied	
  by	
  handout	
  
     of	
  instruc=ons.)	
  

 §  Now	
  it’s	
  your	
  turn.	
  	
  Exercise	
  4.	
  Find	
  overall	
  real	
  GDP	
  for	
  the	
  
     Houston	
  metro	
  area	
  in	
  2011.	
  Find	
  Houston-­‐metro	
  real	
  GDP	
  
     growth	
  for	
  construc=on.	
  




www.bea.gov	
  
Anatomy	
  of	
  a	
  Story	
  

 §  “A	
  Tricky	
  Science,”	
  Durango	
  Herald,	
  Oct.	
  7,	
  2012	
  
                                                        §  “The	
  USA	
  Pro	
  Cycling	
  
                                                            Challenge	
  brought	
  
                                                            world	
  media	
  to	
  
                                                            Durango	
  as	
  well	
  as	
  
                                                            thousands	
  of	
  
                                                            spectators.	
  But	
  it’s	
  
                                                            unclear	
  how	
  much	
  
                                                            special	
  events	
  such	
  as	
  
                                                            the	
  bicycle	
  race	
  help	
  
                                                            the	
  economy.”	
  
                                                                   	
  –	
  Durango	
  Herald	
  
www.bea.gov	
  

                                                                                                    2
Anatomy	
  of	
  a	
  Story	
  

 §  Reporter	
  dissects	
  a	
  regional	
  economic-­‐impact	
  study.	
  Turns	
  to	
  
     BEA’s	
  User	
  Guide	
  on	
  “RIMS	
  II”	
  Regional	
  Input-­‐Output	
  
     Mul=pliers	
  to	
  help	
  analyze	
  and	
  truth	
  squad	
  a	
  study.	
  

 §  User	
  Guide	
  can	
  be	
  found	
  at	
  
     hBp://bea.gov/regional/rims/index.cfm	
  	
  	
  




www.bea.gov	
  
Helpful	
  Videos	
  to	
  Find	
  Local	
  Data	
  	
  
 §  You	
  can	
  find	
  links	
  to	
  two	
  
     videos	
  on	
  how	
  to	
  find	
  more	
  
     local	
  BEA	
  data	
  at	
  
     hBp://bit.ly/econdata13.	
  
       §  How	
  to	
  find	
  
           employee	
  compensa=on	
  
           by	
  industry	
  for	
  a	
  given	
  
           county	
  
       §  How	
  to	
  find	
  
           gross	
  domes=c	
  product	
  
           (total	
  goods	
  and	
  services	
  
           produced)	
  per	
  capita	
  in	
  a	
  
           metro	
  area	
  
www.bea.gov	
  
Where	
  to	
  Find	
  Us	
  



 §  BEA’s	
  Media	
  Line:	
  202-­‐606-­‐2649	
  

 §  Jeannine	
  Aversa,	
  chief	
  of	
  public	
  affairs	
  and	
  outreach.	
  
     Jeannine.Aversa@bea.gov.	
  202-­‐606-­‐9327	
  

 §  Thomas	
  Dail,	
  public	
  affairs	
  specialist.	
  Thomas.Dail@bea.gov.	
  
      202-­‐606-­‐9209	
  
 	
  
 §  h"p:/bit.ly/econdata13	
  	
  for	
  	
  workshop	
  slides,	
  videos,	
  
      handouts	
  
www.bea.gov	
  

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Mining BEA Data by Jeannine Aversa and Thomas Dail

  • 1. Mining  BEA  Economic  Data  to   Break  Local  Stories       Thomas Dail and Jeannine Aversa U.S. Bureau of Economic Analysis April 4, 2013
  • 2. Where  to  Begin?   §  You  might  have  a  hunch  about  something  that  is  happening   in  your  local  economy.  Or,  you  are  on  the  hunt  for  a   compelling  data  point  to  build  a  story  around.     §  Either  way,  if  you  are  willing  to  take  the  =me  to  analyze   BEA’s  interac=ve  database  of  local  economic  sta=s=cs,  the   odds  are  good  that  you  will  come  away  with  an   enterprising  story.     www.bea.gov   2
  • 3. Our  Story   §  Before  we  dig  in,  we  want  to  tell  you  a  liBle   about  ourselves.   fr §  I’m  Jeannine  Aversa,  I’m  chief  of  public  affairs   and  outreach  at  the  BEA.  Before  I  joined  the   bureau  in  September  2011,  I  worked  as  a   journalist  for  nearly  30  years.  For  more  than  a   decade,  I  was  The  Associated  Press’  chief   economics  writer,  covering  the  Federal  Reserve,   the  Treasury    Department,  the  IMF,  World  Bank   and  of  course  –  all  the  major  economic   indicators!     www.bea.gov  
  • 4. Our  Story   §  I’m  Tom  Dail,  and  I’m  a  public  affairs   specialist  at  the  BEA.    I  bring  a  dozen   years  worth  of  experience  in  newspaper   repor=ng  and  in  public  rela=ons.  Before   joining  the  bureau,  I  covered  poli=cs  and   business  for  Freedom  Communica=ons   in  North  Carolina   www.bea.gov  
  • 5. Today’s  Goals   §  We  will  walk  you  through  the  types  of  local  economic   sta=s=cs  BEA  has  available  on  its  public  website  and  their   importance.   §  We  will  dissect  several  news  stories  using  BEA  sta=s=cs  and   tell  you  how  to  find  them.   §  We  will  ask  you  to  mine  BEA’s  database  for  specific  data   points.         www.bea.gov  
  • 6. Where  to  Begin?   §  From  BEA’s  public  website  (www.bea.gov),  you  can   access  a  treasure  trove  of  local  economic  sta=s=cs  by   using  our  interac=ve  database.   §  Want  to  find  out  how  fast  your  local  economy  is   growing?  The  forces  suppor=ng  growth  or  restraining  it?   You’ll  want  to  analyze  Gross  Domes=c  Product  sta=s=cs     that  BEA  produces  by  state  or  metro  area.     www.bea.gov   6
  • 7. Where  to  Begin?   §  Want  to  find  out  how  much   people  in  your  state,  county  or   metro  area  earn?  Which   industries  are  paying  more  or   less?     §  How  much  is  paid  in  Social   Security,  Medicare,   unemployment  insurance  and   other  government  benefits?     §   Then  you’ll  want  to  troll  through   our  income  sta=s=cs  by  state,   county  or  metro  area.   www.bea.gov   7
  • 8. Where  to  Begin?   §  By  analyzing  BEA’s  local  economic  data,  you’ll  be  able  to   spot  trends  and  gather  historical  context.  You  might   unearth  data  points  that  run  counter  to  “conven=onal   wisdom”  –  useful  in  producing  a  myth-­‐bus=ng  story.     §  Before  you  dive  into  BEA’s  database,  you  probably  will   want  to  take  =me  to  scan  the  local  economic  reports  we   produce.   www.bea.gov   8
  • 9. Where  to  Begin?   A  sampling  of  our  published   reports:   §  GDP  by  Metro  Area.   Sta=s=cs  for  2011.   Released  Feb.  22   §  State  Quarterly  Personal   Income.  Final  quarter  of   2012.    March  27  release   date.    Quarterly  sta=s=cs   for  2013  released  June  28,   Sept.  30  and  Dec.  19.     www.bea.gov  
  • 10. Where  to  Begin?   A  sampling  of  our  published   reports:   §  GDP  by  State.  Sta=s=cs  for   2012.  June  6,  release  date.   §  Local  Area  Personal   Income.  Sta=s=cs  for  2012.     Nov.  21  release  date.     www.bea.gov  
  • 11. Anatomy  of  a  Story   §  “Bad  Luck  and  Hard   Times  on  the  Menu  at  a   Bus  Terminal  in  West   Virginia,”  The  New  York   Times,  May  11,  2011.   §  Uses  BEA  data  to  unearth  this  sta=s=c:  manufacturing  jobs   fell  by  nearly  40  percent  in  West  Virginia  since  1990.   §  Built  story  around  this  data  point  by  examining  the  ripple   effect  of  those  job  losses  on  the  West  Virginia  town  of   Weirton.       www.bea.gov  
  • 12. Finding  the  Data   §  We’re  going  to  walk  you  through  how  to  find  these  data   point.  (Live  demo  takes  place  here,  accompanied  by  handout   of  instruc=ons.)     §  Now  it’s  your  turn.    Exercise  1.  Find  the  rate  of  growth  or   decline  in  manufacturing  jobs  located  in  the  Louisville  metro   area  from  2001  to  2011.     www.bea.gov  
  • 13. Anatomy  of  a  Story   §  “Trade-­‐linked  service  jobs  help  lead  El  Paso  income   gains”   §  El  Paso  Times,  Sept.  5,  2012   www.bea.gov  
  • 14. Anatomy  of  a  Story   §  Reporter  used  BEA  data  as  the  basis  for  the  story  but  fleshed  it   out  by  talking  to  local  experts.   §  El  Paso's  per-­‐capita  income  grew  4  percent  per  year  from  2001   through  2010  while  na=onal  per-­‐capita  income  grew  2.8   percent.     §  Growth  was  aBributed  to  finance,  real  estate  and  management   =ed  to  cross-­‐border  trade  and  manufacturing  growth  in   Mexico.   www.bea.gov  
  • 15. Finding  the  Data   §  We’re  going  to  walk  you  through  how  to  find  these  data   points.  (Live  demo  takes  place  here,  accompanied  by  handout   of  instruc=ons.)   §  Now  it’s  your  turn.    Exercise  2.  Per  capita  personal  income   growth  for  the  El  Paso  metro  area  2001-­‐2010.  Find  the   increase  in  employment  in  finance,  real  estate,  and   professional  services  over  that  =me.     www.bea.gov  
  • 16. Anatomy  of  a  Story   §  “Wealth  Rises  in  America’s  Heartland”  USA  Today,  Nov.  27,   2012.   §  Here’s  an  example  of   how  reporters  can   analyze  BEA’s  local   economic  data  to   produce  a  na=onal   story.   www.bea.gov  
  • 17. Anatomy  of  a  Story   §  USA  Today  analyzed  BEA’s  per-­‐capita  personal-­‐income  data   for  metro  areas  and  for  coun=es.    (Note:  USA  Today  adjusted   BEA’s  figures  for  infla=on.)       §   Bridgeport-­‐Stamford,  Conn.,  metro  area  had  income  of   $78,504  per  person  in  2011,  the  most  affluent  place  in  the   country  in  the  past  decade,  USA  Today  reported.     www.bea.gov  
  • 18. Finding  the  Data   §  We’re  going  to  walk  you  through  how  to  find  these  data   points.  (Live  demo  takes  place  here,  accompanied  by  handout   of  instruc=ons.   §  Now  it’s  your  turn.    Exercise  3.  Find  per-­‐capita  personal   income  for  all  metro  areas.  Rank  them.  Where  does  Louisville   stand?     www.bea.gov  
  • 19. Anatomy  of  a  Story   §  Houston  tops  list  for   fastest  growth   §  Houston  Chronicle,   February  22,  2013     §  Based  on  the  metro  GDP  report  released  in  late  February,  the   author  spoke  to  a  local  expert  to  dig  into  the  details  of  the   local  story.   §  Infla=on-­‐adjusted  gross  domes=c  product  for  Houston-­‐Sugar   Land-­‐Baytown  increased  3.7  percent  in  2011.     www.bea.gov  
  • 20. Finding  the  Data   §  We’re  going  to  walk  you  through  how  to  find  these  data   points.  (Live  demo  takes  place  here,  accompanied  by  handout   of  instruc=ons.)   §  Now  it’s  your  turn.    Exercise  4.  Find  overall  real  GDP  for  the   Houston  metro  area  in  2011.  Find  Houston-­‐metro  real  GDP   growth  for  construc=on.   www.bea.gov  
  • 21. Anatomy  of  a  Story   §  “A  Tricky  Science,”  Durango  Herald,  Oct.  7,  2012   §  “The  USA  Pro  Cycling   Challenge  brought   world  media  to   Durango  as  well  as   thousands  of   spectators.  But  it’s   unclear  how  much   special  events  such  as   the  bicycle  race  help   the  economy.”    –  Durango  Herald   www.bea.gov   2
  • 22. Anatomy  of  a  Story   §  Reporter  dissects  a  regional  economic-­‐impact  study.  Turns  to   BEA’s  User  Guide  on  “RIMS  II”  Regional  Input-­‐Output   Mul=pliers  to  help  analyze  and  truth  squad  a  study.   §  User  Guide  can  be  found  at   hBp://bea.gov/regional/rims/index.cfm       www.bea.gov  
  • 23. Helpful  Videos  to  Find  Local  Data     §  You  can  find  links  to  two   videos  on  how  to  find  more   local  BEA  data  at   hBp://bit.ly/econdata13.   §  How  to  find   employee  compensa=on   by  industry  for  a  given   county   §  How  to  find   gross  domes=c  product   (total  goods  and  services   produced)  per  capita  in  a   metro  area   www.bea.gov  
  • 24. Where  to  Find  Us   §  BEA’s  Media  Line:  202-­‐606-­‐2649   §  Jeannine  Aversa,  chief  of  public  affairs  and  outreach.   Jeannine.Aversa@bea.gov.  202-­‐606-­‐9327   §  Thomas  Dail,  public  affairs  specialist.  Thomas.Dail@bea.gov.   202-­‐606-­‐9209     §  h"p:/bit.ly/econdata13    for    workshop  slides,  videos,   handouts   www.bea.gov