key Economic indicators

The actual measurable wealth in societies comes from counting what was made. In other words, gross domestic product. GDP measures the monetary value of purchased goods and services. A locale's GDP growth rate determines how well an economy is flourishing. 

Measure of the number of residents that make up workforce. 

A leading indicator, manufacturing jobs Indicate a manufacturer's confidence level. When factory orders rise, companies need more workers. Industrial production is a measure of output of manufacturing-based industries.

Retail sales tax revenue is a leading indicator. Decreases can raise fear of recession and increases  often precede higher Consumer Price Index (CPI) numbers (a measure of cost-of-living changes, indicator of inflation).  

The unemployment rate is a measure of the underutilization of the labor supply. It reflects the inability of an economy to generate desired employment. 

A leading indicator of demand. Home building permits tell you what will happen with new home construction twelve months from now.  

A lagging indicator of demand. Changing trends in home sales offer information about potential growth in property tax revenues.

A set of tourism data, occupancy rates predict cash flow, and a way to compare financial attractiveness and performance of real estate. 

 The average daily rate (ADR) indicates average revenue earned for an occupied room on a given day. A rising ADR suggests that a hotel is increasing the money it's making from renting out rooms.  

This is a gauge of purchasing power. Consumption is what makes production worthwhile, and people can only consume only if they have the financial power to do so. Higher earnings typically indicate higher economic well-being.