Current Macroeconomic Situation in the US

Economically there are many challenges we face as a country with our current fiscal policies. Since the 2008 financial crisis, there have been many debates in regards to how we should go about managing our financial system. Unfortunately, we as team believe that in order for us to stabilize our nation financial issues we are going to have to make restrictions in certain channels, which might affecting our way of life. One area needing attention is government spending and how it has to be reduced, and this would have a ripple effect in certain areas. Our elected officials will have to come to a compromise and determine which sectors are costly and can be reduced.

Beginning with unemployment in the 2007-2009 recession, U.S. unemployment rates peaked at 10% as well as held 41 consecutive months at rates higher than eight percent (Lazear 1). The U.S. economy plummeted during this time; many attributed the shift to a large decrease in the number of employed workers. To be able to better understand the unemployment issue, we must first examine the form of unemployment faced by the U.S. economy. Many believe that the changes faced by the U.S. labor market

The health of the current U.S. economy appears to be growing gradually. The second quarter real GDP growth was 3.7% and the unemployment rate declined to 5.3%. The U.S Federal Reserve (Fed) is expected to raise interest rates in the near future when it sees clear signs of strong economic growth and improvements in the job market.

The news informs everyone on a daily basis that the United States has the largest economy and that it is looking to be in great shape since four years ago. To some Americans it seems otherwise. The unemployment rate in 2007 was 4.6% compared to unemployment rate in 2012 at 7.5%. The U.S inflation rate ended in October 2012 after twelve months was 2.16% which is 0.11% higher than the one in September. The U.S inflation forecast consists of apparel, education and

The study and application of macroeconomics influences the well-being of a nation by achieving high rates of material production and by keeping track of how much of something is being consumed. The United States is one of the wealthiest countries in the globe, making the government powerful. Government intervention in the Untied States is an important factor that keeps the economy running. Enough power to control the business cycle keeps money circulating the nation. The business cycle includes economic downturns, classified as recessions, expansions, business-cycle peaks and troughs. A good government is essential for the economy to run smoothly. There are three main macroeconomic variables in the nation that the government focuses on, Gross Domestic Product (GDP), unemployment rate, and inflation rate.

The United States is considered to be the world’s largest national economy. The United States have proven time and time again that its economy is one that should be modeled after by showcasing a proven track record. Although its economy is considered the largest, it has had its problems such as the Great Depression and the Recession that have taken placed recently beginning in 2007 lasting until mid 2009. Both of these economic down turns are similar in nature which has caused many to feel negative effects,

The United States is the leading economy across the globe and experienced several tribulations in the recent past following the 2008 global recession. Despite these recent challenges, there are expectations among policymakers and financial experts that the country will experience solid economic growth. Actually, financial analysts have stated that the U.S. economy will be characterized by increased consumer spending, increased investments by businesses, reduced rate of unemployment, and reduction in government cut. Some analysts have also stated that the country’s economy will strengthen in 2014 with an average of 2.7 percent or more. However, these predictions can only be understood through an analysis of the current macroeconomic

What is the state of the US economy? Has a cloud fallen on the US and harder economic times coming? Is continued decline require a cautious posture? “It's hard to decipher the state of the economy from headlines.” Although the economy is not equal to pre-recession times which was more than six years ago, the “jobs lost to the Great Recession have been replaced. Unemployment is down. The stock market has generally prospered.” What role does consumer

The economy changing has many differing factors to determine how society is run. An economy change will greatly impact the people it'll also impact the way they live. But you need change to grow and get better. Economic change also impacts culture and politics, society and technology. Economic changes everything and everyone for better or for worse.

America has made mistakes before, now the country plans out their economy’s future a little more. One of the top five largest economies in the world, the United States, promises for new laws regulating and decreasing in tax burdens in United States’ markets. Americans can expect to see a faster growth than previous years, and according to Forbes article The U.S. Economy In 2017: Welcome Higher Growth, “the U.S. economy will be a key driving force of other Western economies” (Chafuen 1). Especially now with the new president, Trump, he has already made the US more appealing and put a rise in stocks by electing certain cabinet members. This shows the world taking Trump 's approach seriously. The unemployment rate influences the economy. At

What lies ahead for the U.S. economy is uncertain and is leaving the minds of people in dismay as to how will they survive in their near future. The U.S. has not had a positive balance of trade since 1976. That means since 1976 other countries have been exporting goods and services to us and we have been exporting our currency to them in return. This trade-off has actually been mutually beneficial (to an extent). The U.S. dollar has helped other countries stabilize their own monetary regimes, and has given them a powerful medium of exchange. In the U.S. the currencies backed by the dollar or triangulating trade through the dollar tend to require large dollar reserves, which increases demand for our export. When a nation’s debt exceeds its ability to repay even the interest, it can be assumed that the currency will collapse. The greater the level of debt, the more dramatic the inflation must be to counter it. The more dramatic the inflation, the greater the danger that hyperinflation will take place. As the US dollar is a fiat currency and is on the ropes, the US will experience a currency emergency at the street level that will be unprecedented. Your life savings could be reduced to nothing almost overnight. Inflation is a fact of life. However, the thing governments have traditionally done when they simply can’t pay their debts is print more money. The problem with this is the further you expand the money supply, the less the money you

The current rate of GDP growth, according to the Bureau of Economic Analysis, is 2.7% (for Q3), and it was 1.3% in Q2 of this year. This rate reflects relatively slow growth, with challenges remaining in the domestic market and with sluggishness in Europe suppressing exports to that region. The rate of GDP growth is predicted to slow to a decline of 0.5% between Q4 2012 and Q4 2013, the US re-entering recession, according to the Congressional Budget Office's projections. These projections are based on the provisions of the Budget Control Act being enacted, though any observers are doubtful that this will occur.

The future of the economy is still going strong but one has not seen the great strides in advancement, as was the case from 1983 to 1993(economy). "Per capita personal income for the Nation is projected to increase 1.2 percent per year in 1993-2005, compared with a 1.4 percent increase per year in 1983-93. The growth rate slows as a result of the relationship between personal

Slide 2: The US market has been tough for most businesses, although thankfully consumer staples have not suffered too much. The GDP is increasing at a rate of 3% per year, which is moderate growth. This is fuelled in part by low interest rates, which are at 0.42% for short-term paper. This is to spur further growth. The unemployment rate is declining, and is now at 8.2%. The inflation rate, using the basic Consumer Price Index, is 0.3%.

The economy from the beginning of January this year has been stabilized, stats show we have added one hundred fifty thousand jobs in January. In February, America added another two hundred forty thousand jobs, being beyond people’s expectations believing it would have only been 190,000 jobs. This situation calmed everyone about the economy 's health making the unemployment rate of 4.9, till now the unemployment rate has remained the same. Many professionals in economics believe that an unemployment rate of 4.9% is full employment. As of today we are stabled and doing well, companies have been hiring more people, the minimum wage rose a dollar to ten dollars which means people will spend more, also the gas is not that costly, car sales are doing better, and even the government deficit is decreasing. The economy is in better shape than most people believe. Incomes have been higher, unemployment has dropped, and industrial production has been up there.