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Business fun facts!
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The current world population is estimated to be 6.6 billion.
China has the highest population in the world with close to 1.3 billion people.
The second highest is India with close to 1.1 billon people.
China and India make up for over 36% of the world population or approximately 36 out of every 100 people on earth are from China and India.
The US population is close to 300 million. So for every American there are almost 8 Chinese and Indians
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Top import partners of US are - #1 Canada and China, #2 Mexico, #3 Japan
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Top import partners of US are - #1 Canada and China, #2 Mexico, #3 Japan
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| How many children are in the US? |
| Every 2 out of 10 people living in the US are children between the ages of 0 and 15 years. |
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There are approximately 300 million people in the US; approximately 60 million are children between the ages 0 and 15 years.
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| How many of the 60 million children are boys and girls? |
| Approximately half and half are boys and girls. |
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The world GDP is close to $50 Trillion.
The US GDP is $13 Trillion. The US is the largest economy in the world and contributes over 25% to the world economy.
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| US population is 301 milion. Roughly half or 153 million people are capable to work. |
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| Approximately 60 million are children between the ages 0 and 15 years in the U.S. |
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US exports close to $1 trillion a year. US imports close to $2 trillion a year. That would create a trade imbalace of $1 trillion a year!
Top four export partners are Canada, Mexico, Japan, China.
Top four import partners are Canada, China, Mexico, and Japan.
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Labor Day is a US federal holiday which is observed on the first Monday in September. The holiday started in 1882 as the New York's Labor Union desire to create a day off for the working people. The US federal government made it official in 1894.
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Over 57 million kids to attend US K-12 grades. Over 20 million will attend US colleges and universities.
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The DOW rises over 300 points for the week
On better-than-expected US manufacturing report and increase in consumer confidence helped markets to rise by over 3%. The DOW closed up 302 points, or 3.0%, the S&P500 was up 42 points, or 3.9%, and NASDAQ up 88 points, or 4.1%, for the week ending September 3rd. Oil closed down $1.23 at $74.34 per barrel this week.
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Manufacturing Index for August well ahead of expectations
The US Services and Manufacturing business expansion (growth) or contraction (decline) is tracked by the Institute for Supply Management (ISM). ISM index for August rose to 56.3 and well ahead of expectations.
This is the 13th month in a row of manufacturing index to be above 50. Just over a year ago the ISM index was at a dismal 36.3. Continuous ISM index improvement is yet another positive sign that economic conditions are improving.
The ISM index number above 50 indicates that businesses are growing and a number below 50 indicates that businesses are contracting. So at 50 there is no growth or contraction. It is good news when businesses grow or expand, because businesses hire more people to make more Goods and provide more Services. On the other hand, when businesses contract, it means fewer jobs and more lay-offs, which is a bad sign for the economy
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Please keep your feedback and comments coming. THANKS! contact@businessnewsforkids.com
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... Throughout our news page we have created links in red color which provide you with additional information ...you will see two types of link...One when clicked takes you to a new page for more information...Other are pop-ups, and if you bring your cursor over red link words additional information will pop-up...
For example, just move your cursor on to Starbucks (Ticker SBUX) and you should see the following text pop-up-
"Starbucks Corporation (Ticker SBUX) has sales of over $10 billion. It sells whole bean coffees, brewed coffees, cold blended beverages, various complementary food items, coffee-related accessories and equipment, a selection of premium teas, and a line of compact discs, through its retail stores worldwide. As of September 30, 2007, the company operated 8,505 retail stores. Starbucks Corporation was founded in 1985 and is based in Seattle, Washington."
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Learn more about...
What is Credit History? Why is it important to have a good credit history? Volume 12.
What is Economy, Business, Workers, Goods, Services, Stock, DOW, S&P500, and NASDAQ in Volume 16.
Does it pay to study hard? Volume 17.
What is Currency and Foreign Currency Exchange rate? Volume 14. What is stronger or weaker currency? Volume 20. What does the dollar slide mean? Volume 32.
How does money grow in a bank? Volume 21.
What is Fed Funds rate and Discount rate? Volume 22
What does the interest rate cut mean for you? What is APR? Volume 23.
How to read stock information? Volume 25.
What is "Black Monday"...Crash of 87"? Volume 31.
Who are CEO, CFO, Shareholders, and the Board of Directors? What is SOX? Volume 33
What does "$4.95 + Tax" means? Volume 47.
What is a Recession? What is a Depression? Volume 48.
What is Mergers & Acquisition (M&A)? What is a Merger? Volume 49.
What is ADR? Volume 62.
What does buying back of shares means? Volume 63.
Why is consumer confidence so important? Volume 64.
A fun way to start a Lemonade Stand and Learn about Business too! Volume 126.
What is Supply and Demand? Volume 177.
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Aug 30 - Sep 3, 2010
Weekly Stock Market
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Markets Up!
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Index
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Change
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Last
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DOW
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Up 302 |
10,448
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S&P500
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Up 42 |
1,105
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NASDAQ
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Up 88 |
2,234
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