Essay on Current Macroeconomic Situation in the United States

The unemployment rate has dramatically increased over the last several months. This increase has created many complications for the American people. Although the United States economy has created over 7 million jobs, there is still a long way to go until the economy is back on track.

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

In 2012 the unemployment rate was at a high rate of 8.1%, according to Marilyn Geewax on the website The Two Way. Geewax also claims, the unemployment rate in 2016 lessened to 4.9%. Jobs around America are always changing depending on the economy.¨The Broken Basic Bargain¨ focuses on how the economy has both its highs and its lows just like jobs do in ¨Mike Rowe: Learning From Dirty Jobs¨.

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

In 4-5 paragraphs, discuss the history of the US economy including productivity, growth, markets and government regulations.

From the penny to the 100 dollar bill, every cent of money counts in our government. Keeping track of it and knowing how much we are spending compared to how much we are making is on of the harder tasks to handle for our three branches of government. Currently, the economic situation is less than ideal. No matter what side of the political spectrum one falls, it’s evident that there are issues with economy. The executive, legislative, and judicial branches all play an important part in the budget and economic system.

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.”

• As previously stated in the executive summary, the United States’ economy is currently stagnating. From week to week we may see a rise in one indicator while there is a fall in another indicator, but none of the rises or falls are drastic enough to have an overwhelming impact on the economy as a whole. Although the economy is not near as strong as it was before the 2008-2009 recession, arguably one of the biggest economic crises of the past decade, there has been much growth and strength throughout the past few years with this year being the first year in which the economy is in somewhat of a holding pattern. I believe, that even with the little growth and movement of the United States economy over the past year, it is still perhaps one of the strongest economies in the world at the moment.

           One could argue the American unemployment has taken a negative turn. The ideal unemployment rate is 3-4 percent, according to Bloomberg article, Why Not Target a 3% Unemployment Rate and the United States’ current unemployment rate, according to the Bureau of Labor Statistics, is at 4.5 percent.  However, this is a big drop in unemployment from the past few years and a .4 percent drop just since February. Though the unemployment rate is not perfect, it does seem to be improving. The wage growth/personal income not increasing may be a serious problem. However, according to Kevin Hassett, Trump’s nomination for Chairman of the Council of Economic Advisors, a rise in the minimum wage could harm the economy, as stated by Bloomberg article, Trump Names Hassett to Head Council of Economic Advisors. Investors have been prompted to begin buying and investing in the market. However, according to USA Today article, Stocks shake off U.S. strike on Syria, jobs miss to end turbulent week a tad lower, as well as Bloomberg article, Dollar Rises, Treasuries Retreat as Stocks Slip: Markets Wrap, America’s stocks had some losses after the

The news mediums, television, radio, print, or social media give information 24-hours a day regarding the economy. Individuals are not so sure about the reports issued on almost an hourly basis that are stating the economy of United States is improving. Many Americans are still without jobs, and do not believe their income can continue to support their families. The cost of purchasing a home is going up in many areas across the country, which is good for the market, but can be bad for the first time homebuyer. Unemployment, expectations, consumer income, interest rates are economic factors that influence individuals behavior and the United States fiscal policy.

The American economy is a vibrant, free-market system that is constantly developing out of the choices and decisions made by millions of citizens who play multiple, often overlapping roles as consumers, producers, investors and voters. The changes in the organization and performances of the manufacturing industry over the last century have helped shape the American economy. The Automotive industry perhaps made the biggest changes to their manufacturing processes. I will be reviewing the role of the industrialist Henry Ford and his innovative methods that changed the organization and performance of the American manufacturing industry forever. He produced an affordable car, paid high wages and helped create a middle

Except for the hurricane disruption, hiring has been steady this year and the unemployment rate declined to 4.1 percent in October. The lowest

As of March, 2013 the U.S. National Unemployment rate was 7.6%. A total of 11.7 million people were reported as unemployed by the Bureau of Labor Statistics. This rate is improved from the height of the recent recession, where the statistic floated around 9%, but it is still not the usual 3-4% figure we are used to seeing in regular market conditions. (bls.gov, US, 2013)

The American Economy is the most dominant economy in the world and has been one that many countries have tried to replicate. Let’s take a look at how the American Economy is so dominant and why. There are many important numbers to base an economy off of, however, we are only going to look into some of the most vital numbers that really illustrate why the United States is the world’s leading economy. These numbers consist of Gross Domestic Product (GDP), which is the total amount of goods and services produced within a country's borders in a year, inflation, the amount the buying power of the dollar changes, unemployment, the number of people actively looking for a job but cannot find one, and the taxation system, which is how much people

Living in the early 1900s, America should maintain its competitive edge and dominance in the world, by expanding our influences into new territories. Our population is increasing quickly as are our many industries, therefore creating a greater demand for resources. There is the possibility the existing resources will not be able to sustain these increases. William McKinley in The Acquisition of the Philippines states that “Incidental to our tenure in the Philippines is the commercial opportunity to which American statesmanship cannot be indifferent. It is just to use every legitimate means for the enlargement of American trade” Acquiring islands, such as the Philippines, will give America a large commercial opportunity and enlarge our areas of trade. This will improve the American economy, because we will have more goods to trade, and different countries to trade with, hence bringing in more goods.