The Current Standing Of The U.s. Economy

A nation’s economy plays a vital role in how a nation operates. The United States economy faces a large variety of problems in this paper; we will focus on 4 major economic problems, unemployment, inequality, federal debt, and the financial/credit market. All four issues are interconnected in some way with deep social and economic implications. These issues were emphasized during the Great Recession that hit the U.S. economy in 2007.In the following paper, we will look at each of the four topics individually as well as look at how each plays a significant role in one another’s overall impact on the U.S. economy as well as individuals in the United States. The United States plays a crucial role in the world economy, meaning that every issue and difficulty faced the United States economy has implications far outside the U.S., understanding how these issues relate to one another sheds insight into just how connected every area of the economy actually is.

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.

Although business leaders may not have a crystal ball to help them plan for the future, they do have access to a wide range of Federal Reserve publications that can help identify recent and current trends and what these economists believe will take place in the coming months. Given the lingering effects of the Great Recession of 2008 on the American economy today, identifying the future economic outlook for America using this type of freely available information therefore represents a timely and valuable enterprise. To this end, this paper provides a review of relevant publications to identify the Federal Reserve's current assessment of economic activity and financial markets, its current view about inflation and various monetary tools that have been used to stabilize the economic and prices in recent years. Finally, an analysis of the economic outlook for the next 12- to 18-month period is followed by a summary of the research and important findings in the conclusion.

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 increase largely showed a positive contribution from personal consumption expenditures (PCE), nonresidential fixed investment, residential fixed investment, private inventory investment, state and local government spending, and exports. Current-dollar GDP increased 3.4 percent, or $589.8 billion, in 2015 to a level of $17,937.8 billion, compared with an increase of 4.1 percent, or $684.9 billion, in 2014. Real disposable personal income rose 3.4 percent over the past four quarters, a rapid pace. At the same time, real consumer spending rose only 2.6 percent. This difference indicates that consumers have tended to save a rising fraction of their income gains over the past year.

Will does use a critical tone in this column, which could have lead to him throwing too much of his opinion in there, but he was successful in having the evidence do the complaining for him. I believe that a huge selection of people in America already know that its economy is not the greatest, and I am one to believe that too, but Will's support for his thesis helped me know more of how terrible it is and how it is trying to be resolved. If, by chance, this article's argument would be accepted by the group targeted, I believe the resolution of the problem could be taken more seriously, and it hopefully be resolved. America's atrocious economy has been a crucial issue for many years, so I would come to the conclusion that this topic is of

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

The one way one can comprehend the United States economy is through looking at its GDP (Gross Domestic Product). Gross Domestic Product is the statistic employed to measure the aggregate output of the nation (Mankiw, 2011). More so, GDP is described as the total monetary value of finished services and goods that are produced in the country at a specific period in time. GDP is considered one of the principal pointers that gauge the health of a nation's economy and it is calculated in inflation-adjusted terms or in real terms (King, Gans & Mankiw, 2011). GDP entails all of public and private consumption, investments, government outlays, exports minus importers of a country. It is therefore calculated through the following formula GDP=C (consumption)+G (Government spending)+I (Investment)+NX(Exports-Imports) (Mankiw, 2011).

           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

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.

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

These effects were the stock market thrash of 1929 and the great economic depression of 1930 respectively (Macdonald, 2010). The GDP for the United States in 1929 was $ 1.057 trillion and $ 0.967 trillion in 1930. The change in GDP was – 8.5 percent. The prices of goods and services in the US market fell by 6.4 percent (Key economic indicators: The United States, 2015). Nevertheless, the GDP for the United States rose steadily from 1950 up to today. During 1950 the nominal GDP for the United States was $ 300.2 billion. By 2015, the GDP for the United States increased to $17,947 billion (Choi & Wang, 2014). In 2015, the effect of a high dollar hurt exports. For example, the prices for oil collapsed or decreased drastically.

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.

Visit the Bureau of Economic Analysis Web site at  www.bea.gov  In U.S. Economic Accounts under  National click on Gross Domestic Product (GDP), then Interactive Tables: GDP and the National Income and Product Account (NIPA) Historical Tables, click “Begin using the data”, and use Section 1 - Tables 1.1.5 and 1.1.6 to identify the GDP (nominal GDP) and real GDP for the past four quarters.

1. United States growth has slackened to2.4% in fourth quarter from a robust 4.1% growth in third quarter. This moderation was mainly due to an acute decrease in residential fixed investment that is in relation to dawdling home sales as well as lesser addition to stock. Comparing the two quarters, stocks contributed to 0.1% point growth in quarter four. Fiscal policy sustained the drag of the economy in relation to an acute decrease in federal spending. Notably, the significant support to the economy originated from private household spending instead. There was an earlier indication that United States could expand moderately in the first quarter of 2014 but this has not materialized. The slow growth can be attributed to declining retail sales, declining trade balance, and inventory adjustments. Real sales retail declined by 0.4%, in January while shipment of durable products decreased by an extra 0.4%.