Business

128 posts
This holiday retailers hope it will snow dollars

According to the Conference Board, the pandemic will not deter U.S. consumers from emptying their wallets this holiday season. Here's a chart that shows their expectation (link):   A few little things make this chart work: The "More" category is placed on the left, as English-speaking countries tend to be read Left-to-Right, and it is also given the deepest green, drawing our attention. Only the "More" segments have data labels....

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Book Review: Visualizing with Text by Richard Barth

The creative process is sometimes described in terms of diverge-converge cycles. The diverge step involves experimentation and rewards suspending disbelief, while excesses are curbed and concepts refined during the converge step. Richard Brath's just-released book Visualizing with Text is an important resource that expands our appreciation for the place of text in visual displays. Books on data visualization fall into recognizable types, of which two popular ones are the style...

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Locating the political center

I mentioned the September special edition of Bloomberg Businessweek on the election in this prior post. Today, I'm featuring another data visualization from the magazine. *** Here are the rightmost two charts. Time runs from top to bottom, spanning four decades. Each chart covers a political issue. These two charts concern abortion and marijuana. The marijuana question (far right) has only two answers, legalize or don't legalize. The underlying data...

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Making better pie charts if you must

I saw this chart on an NYU marketing twitter account: The graphical design is not easy on our eyes. It's just hard to read for various reasons. The headline sounds like a subject line from an email. The subheaders are long, and differ only by a single word. Even if one prefers pie charts, they can be improved by following a few guidelines. First, start the first sector at the...

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Putting vaccine trials in boxes

Bloomberg Businessweek has a special edition about vaccines, and I found this chart on the print edition: The chart's got a lot of white space. Its structure is a series of simple "treemaps," one for each type of vaccine. Though simple, such a chart burns a few brain cells. Here, I've extracted the largest block, which corresponds to vaccines that work with the virus's RNA/DNA. I applied a self-sufficiency test,...

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Visits to businesses compared year-over-year in each state

Businesses are still seeing visits mostly down compared to last year, which shouldn’t be much of a surprise. But there is a lot of variation across the states. The New York Times shows the comparison over time, based on mobile location data (which I still feel uneasy about). NYT went with the scrollytelling state-by-state approach to work their way through the spaghetti plot. Tags: business, coronavirus, New York Times

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Data on loans issued through the Paycheck Protection Program

The Paycheck Protection Program was established to provide aid to small businesses. It’s a $669-billion loan program. The data for 4.8 million loans, amounting to $521 billion so far, is now available from the Small Business Administration. For loans less than $150,000, you can download data for all states individually. Data for loans that were more than $150,000 can be downloaded as a single file. Look up business name, type,...

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When the pie chart is more complex than the data

The trading house, Charles Schwab, included the following graphic in a recent article: This graphic is more complicated than the story that it illustrates. The author describes a simple scenario in which an investor divides his investments into stocks, bonds and cash. After a stock crash, the value of the portfolio declines. The graphic is a 3-D pie chart, in which the data are encoded twice, first in the areas...

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Visualizing black unemployment in the U.S.

In a prior post, I explained how the aggregate unemployment rate paints a misleading picture of the employment situation in the United States. Even though the U3 unemployment rate in 2019 has returned to the lowest level we have seen in decades, the aggregate statistic hides some concerning trends. There is an alarming rise in the proportion of people considered "not in labor force" by the Bureau of Labor Statistics...

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Consumption patterns during the pandemic

The impact of Covid-19 on the economy is sharp and sudden, which makes for some dramatic data visualization. I enjoy reading the set of charts showing consumer spending in different categories in the U.S., courtesy of Visual Capitalist. The designer did a nice job cleaning up the data and building a sequential story line. The spending are grouped by categories such as restaurants and travel, and then sub-categories such as...

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