Outstanding Business Reference Sources 2019

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Date: Winter 2019
From: Reference & User Services Quarterly(Vol. 59, Issue 2)
Publisher: American Library Association
Document Type: Recommended readings
Length: 2,025 words
Lexile Measure: 1290L

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Each year, the Business Information Sources Committee of BRASS selects the outstanding business reference sources published since May of the previous year. This year, the committee reviewed fourteen entries; of these, one was designated as "Outstanding" and four as "Notable." To qualify for the award, the title must meet the conventional definition of reference: a work compiled specifically to supply information on a certain subject or group of subjects in a form that will facilitate its ease of use. The works are examined for the following: authority and reputation of the publisher, author, or editor; accuracy; appropriate bibliography; organization; comprehensiveness; value of the content; currency; distinctive addition; ease of use for the intended purpose; quality and accuracy of index; and quality and usefulness of graphics and illustrations. Additional criteria for electronic reference titles are accuracy of links, search features, stability of content, and graphic design. Works selected must be suitable for medium to large-size academic and public libraries.

OUTSTANDING

Economic Indicators for Professionals: Putting Statistics into Perspective. Charles Steindel. New York: Routledge, 2018. 222 p. Hardcover $150 (ISBN: 9781138559240). Contact publisher for e-book pricing (ISBN: 9780203712955).

Economic Indicators for Professionals: Putting Statistics into Perspective is a reference source that defines and delves into the important economic indicators used by the public, policymakers, economists, analysts, financial markets, and media. Drawing from years of experience as an economist, the author, Charles Steindel, describes different US economic numbers issued by the Bureau of Economic Analysis, Bureau of Labor Statistics, Census Bureau, and other agencies and organizations. Steindel expands beyond detailed explanations of the indicators to discuss how they fit into the larger picture. With this approach, the author has developed a reference book for professionals in business, policy, media, and other sectors; students; investors; and other individuals that would like to gain a better understanding of the US economy through data.

The volume's content is divided into sixteen chapters, each covering specific economic indicators, as well as an introduction and conclusion. The first chapter, which addresses GDP (gross domestic product), is the longest and most in-depth of all chapters. It addresses what GDP measures, why it is used, and how the data are produced. While this chapter does mention formulas used in the computation of aggregate GDP, the book does not focus on technical descriptions, and they are limited throughout the rest of the text. The following several chapters are shorter in length and expand the discussion of GDP by breaking down its components, including consumer spending, inventory investment, imports and exports, and government spending. In these chapters, Steindel explains the data used to construct estimates, suggest a path, and model that indicator, as well as any caveats. For example, he explains that while there is a lack of reliable data to indicate the path of consumer spending, there is an abundance of data that can be used for modeling, such as household income and personal savings rate. Additional indicators discussed in subsequent chapters include income and wealth, pricing, labor market, and state...

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Gale Document Number: GALE|A619403190