Samra Balic
62-35 81 Street
Middle Village, NY 11379
15 December 2014
Representative Grace Meng
118-35 Queens Boulevard Suite 1610
Forest Hills, NY 11375
Phone: 718-445-7861
Dear Representative Grace Meng:
The purpose of this letter is to briefly introduce our nation’s economy issues as a whole. I am asking for you to make revisions to the federal law to improve the conditions necessary for economic growth and job creation. Despite job gains, a strong stock market, and faster economic growth this year, many citizens are still concerned about the economy. As of November 7th the U.S economy added 214,000 jobs, which makes the unemployment rate down to 5.8 percent, the lowest in six years. The unemployment rate fell from 5.9% to 5.8%, which is lowest since July 2008. Hourly earnings rose three cents to $24.57 and are up just 2% over the past year, in line with the unclear increases so far in the five year recovery. Economists have been looking for a pickup in wage gains to branch more consumer spending. This recent data implies that the slow progression out of the Great Recession is gaining control. However, Americans are seeing their purchasing power rise while jobs come back thanks to falling oil prices. In my opinion, yes "unemployment" continues to decline as long as you carefully ignore the calculation of millions of people who are in fact still unemployed. The fact that millions of people have given up all hope of finding employment and are no longer seeking, and
Whether it is high or low, the unemployment rate has proven its ability to have a strong negative impact on individual firms and organizations. As of December 2014, America’s
The United States economy is racing ahead at dangerous speeds, and it may be too late to prevent the return of widespread inflation. Ideally the economy should move ahead gradually and grow at a steady manageable rate. Mae West once stated “Too much of a good thing can be wonderful” and it seems the U.S. Treasury Secretary agrees. The Secretary announced that due to our increasing surplus and booming economy, instead of having an outsized tax cut, we should use the surplus to further pay down the national debt. A tax cut, though most Americans would favor it initially, would prove counter productive. Cutting taxes would over stimulate an already raging economy, and enhance the possibilities of an
This paper relates to what I have learned in the Macroeconomics class. For this final term paper; I will write about the U.S. federal government operations and how government leaders handle macroeconomic issues in our economy. We will discuss a couple of current economic issues and what the federal government is doing to reach solutions. I will also address U.S. unemployment issues, international trade, fiscal and monetary policies, and methods of alternative energy, along with the Federal Reserve’s role to confidently curb recession and avoid inflation The U.S. federal government is actively involved in assuring national security through counterterrorism techniques. They perform strategic planning to give surety of macroeconomic financial
The following memorandum is a direct response to Robert Reich’s book Aftershock: The Next Economy and America’s Future (2013). It includes an overview of Reich’s diagnosis of the economic issues facing America, as well as relevant analysis for consideration by the President and Congress. The following text considers a potential prescription for the issue of income equality and a prediction regarding the potential action or inaction of the United States government on these issues.
While there are expectations of a yearly gain of nearly 2.3 million net new jobs, the unemployment rate is still very high i.e. around 6.5 percent. The lower-than-expected job growth is fueled by various factors including government hiring, weather, and Obamacare. Actually, similar to December, January had a lower-than expected increase in job opportunities since only 113,000 jobs were created. However, the rate of unemployment still reduced to 6.6 percent in this month despite of the growth in labor force. The current rate of unemployment is the lowest in U.S. since the 2008 recession because more people are leaving the labor force instead of finding jobs.
Prior to the 1900s the U.S. Economy had just began to rebuild after The Great Depression, one of the worst financial crisis the country has ever seen. America was very fragile at the time, and upon rebuilding their economy, many changes were made to ensure that something like this would never happen again. Therefore, social control changed in the U.S. during the early 1900s to ensure a better economic future, by pioneers overtaking business with a whole new modernized business model, “out with the old, in with the new.”
In addition, the United States’ current unemployment rate has been reduced despite a rise in minimum wage over the last number of years.
Unemployment in the United States fell to 8.1% from 8.3% in July. U.S. employers are said to have added 96,000 jobs in July (KSL News, Sept) . According to reports from the department of workforce services the
e. Nationwide, unemployment remains low by historical standards, but sectors of the labor market, especially manufacturing, have been losing in recent years.
The table 1 and Fig 1 reveal the yearly Mean employment rate for the entire U.S and the state of Texas. In 1948, the unemployment rates was 3.75% in 1948, however, the unemployment rates have jumped to approximately 8.1% in 2012. Similarly, unemployment rates decline
It's Kevin. You were doing great in school and that was a good sign that you can keep on going without me. It really impressed me how good you were doing and how much you paid attention and improved. God has a plan for this and he made you the way you are no matter how smart or dumb you are. My advice for the future is to its to keep working hard in school. Also keep going on adventures and write in the adventure book. Max you were a good friend even through the tough and easy time. In the short time we were together we made the best of it. Getting purses out of the sewer, running through ponds, and even going on quest, and lots of walks. Thanks for
Hello I am J.T. today was my first day of high school, and truly it was a lot better then I expected. You seem like a wonderful teacher and I would like to get to know you.
The latest FOMC statement indicates that the economy is expanding at a constant pace, with increases in employment alongside GDP growth. The US economy expanded more than expected in the third quarter of 2014, with real GDP increased 3.9 percent, surpassing the forecasted 3.5 percent, despite slowing down from a 4.6 percent increase in the previous quarter. The increase in real GDP was contributed by higher than expected increases in consumption, investment, government spending, and net exports ("News Release: Gross Domestic Product"). Unemployment has continued to decrease for the third consecutive month in October, with a drop from 5.9 percent to 5.8 percent, the lowest in the past 6 years since its 10 percent peak in 2009 ("Employment Situation Summary"). However, the rate is still below 4.7 percent before the recession. According to the National association for Business Economics, Real GDP is forecasted to expand further, and the unemployment rate is expected to fall to 5.4 percent by the end of 2015 ("NABE - NABE Outlook December
During the the two presidential terms of George W. Bush (2001-2009), America experienced many events that left it changed dramatically. For example, in Bush’s first year as president alone, America witnessed 9/11, a corporate accounting scandal, and a recession. The economy reflected these events, leaving it in a turbulent state. The George W. Bush administration addressed these economic issues, by introducing revolutionizing policies that left consequences for America to cope with for years to come.
The purpose of this letter is to briefly introduce our nation’s economy issues as a whole. I am asking for you to make revisions to the federal law to improve the conditions necessary for economic growth and job creation. Despite job gains, a strong stock market, and faster economic growth this year, many citizens are still concerned about the economy.