e837b60828fd043ecd0b470de7444e90fe76e6d21fb2174595f5c7_640_pennies

Use R to Calculate Inflation with the blscrapeR Package

The Consumer Price Index (CPI) is the main standard for tracking the inflation of the U.S. dollar. The various CPI measures are published monthly by the Bureau of Labor Statistics. For this walk-through, we will be using the blcsrapeR package to download our data from the BLS and perform the calculation. The blscrapeR package can Read More

WeeklyEarningsPlotBLS

Calculate Wages and Benefits in R with blscrapeR

The most difficult thing about working with BLS data is gaining a clear understanding on what data are available and what they represent. Some of the more popular data sets can be found on the BLS Databases, Tables & Calculations website. The selected examples below do not include all series or databases. Install blscrapeR The Read More

blscrape_docfig3

Using blscrapeR to Map County Unemployment Data

The blscrapeR package makes it easy to produce choropleth maps of various employment and unemployment rates from the Bureau of Labor Statistics (BLS.) Install blscrapeR from CRAN: install.packages(“blscrapeR”) It’s easy enough to pull a metric for a certain county. The code below pulls the unemployment rates for Orange County, FL from the BLS API. library(blscrapeR) Read More

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Calculate Inflation with R

I was surprised to see there weren’t more of these types of calculators in the R community. Inflation and adjusted payments seem like they would be more common. I was able to find a way to gather Consumer Price Index data using the quantmod package but quantmod leaves you to your own devices in converting Read More

CPI_Nov

Using R to Scrape the Bureau of Labor Statistics

I’m taking a break for sports statistics today. Regular readers know I have a fascination of sabermetrics but during my “nine to five” I’m usually dealing with the labor market…enter the Bureau of Labor Statistics (BLS). If you’ve never been to the BLS website, it’s worth a trip. The amount of public data that are Read More