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*In January, average hourly earnings for all employees on private nonfarm payrolls increased by 12 cents to $25.39. Over the year, average hourly earnings have risen by 2.5 percent. In January, average hourly earnings of private-sector production and nonsupervisory employees rose by 6 cents to $21.33.
==GDP==
===Real gross domestic product===
*The personal saving rate, personal saving as a percentage of disposable personal income,was 5.4 percent in the fourth quarter, compared with 5.2 percent in the third.
===2015 GDP Growth===
Real GDP increased 2.4 percent in 2015 (that is, from the 2014 annual level to the 2015 annual level), the same rate as in 2014.
*The increase in real GDP in 2015 primarily reflected positive contributions from personal consumption expenditures (PCE), nonresidential fixed investment, residential fixed investment, private inventory investment, state and local government spending, and exports. Imports, which are a subtraction in the calculation of GDP, increased.
*Comparing real GDP growth in 2015 with growth in 2014, real GDP increased 2.4 percent in both years, though there were offsetting movements in the components. Decelerations in nonresidential fixed investment and in exports and an acceleration in imports were offset by accelerations in PCE and in residential fixed investment, a smaller decrease in federal government spending, and accelerations in private inventory investment and in state and local government spending.
*The price index for gross domestic purchases increased 0.3 percent in 2015, compared with an increase of 1.5 percent in 2014.
*Current-dollar GDP increased 3.4 percent, or $589.8 billion, in 2015 to a level of $17,937.8 billion, compared with an increase of 4.1 percent, or $684.9 billion, in 2014.
*During 2015 (that is, measured from the fourth quarter of 2014 to the fourth quarter of 2015), real GDP increased 1.8 percent, compared with an increase of 2.5 percent during 2014. The price index for gross domestic purchases increased 0.3 percent during 2015, compared with an increase of 1.2 percent during 2014.
From News Release by the [http://www.bea.gov/index.htm BEA]
==DOW Jones Industrial Average==
All charts from [http://www.marketwatch.com/investing/index/djia Market Watch]. DOW as of Monday, February 8th, 2016 3:08 P.M. is at 16,027. Exact price/change/% change can be found at [http://www.marketwatch.com/investing/index/djia Market Watch]. ===5 Year Index=== [[Image:Dow5yr.jpg]] ===3 Year Index=== [[Image:Dow3yr.jpg]] ===1 Year Index=== [[Image:Dow1yr.jpg]] ===6 Month Index=== [[Image:Dow6month.jpg]] ===3 Month Index=== [[Image:Dow3month.jpg]]
==Venture Capital Investment Data==
*By location, 13 of the quarter’s 16 IPOs were from U.S.-based companies.
[http://nvca.org/pressreleases/seventy-seven-venture-backed-companies-went-public-in-2015/ NVCA]
==Small Business Birth and Death Rate==
[http://www.brookings.edu/~/media/research/files/papers/2014/05/declining%20business%20dynamism%20litan/declining_business_dynamism_hathaway_litan.pdf Brookings Institute Business Dynamism Report]
[[Image:Screen Shot 2016-02-15 at 1.28.28 PM.png|500 px]]
*Business dynamism is the process by which firms continually are born, fail, expand, and contract, as some jobs are created, others are destroyed, and others still are turned over.
*Entrepreneurs key
*Recent research shows that dynamism is slowing down
**Across a broad range of sectors in the U.S. economy, even in high-tech
**National decline in business dynamism has been a widely shared experience
*Implies a continuation of slow growth for the indefinite future, unless for equally unknown reasons or by virtue of entrepreneurship-enhancing policies (such as liberalized entry of high-skilled immigrants), these trends are reversed
