US Economy In 2014
Table of Contents
3 Executive Summary
4 Unemployment Rate
6 Gross Domestic Product(GDP)
7 Inflation Rate
8 Foreign Trade
9 Consumer spending
10 Economic Outlook
12-13 Work Cited
Executive Summary
This essay will examine the current state of the United States Economy as determined by several leading indicators, including, Unemployment Rate, Gross Domestic Product (GDP), Inflation rate (CPI), Foreign Trade, as well as business investment, consumer spending, and government spending. All of the following have a strong reflection of the status of the United States economy in regards to output and services. The January release of the most current GDP became available showing that the fourth quarter GDP was 4.1. While with recent government regulation they lowered the first quarter GDP to 2.5 percent. However, following the report I will include a statement about my personal prediction for the remainder of the 2014 fiscal year using sets of very complex variables and skilled opinions.
Unemployment Rating:
The unemployment rate in the United States as anticipated by the US Federal Bureau of Economic Analysis is around 6.7 percent as of the beginning of the 2014 in February as demonstrated on the graph pictured above. This number is estimated using the numbers given for persons in the United States that have been actively looking for job opportunities as a percentage of the labor force. This number has been gradually decreasing since July 2012 and will continue to decline as the job market continues to expand with new technologies and education. Although, during the holiday seasons the unemployment always goes down, but as soon as they end, such as after Christmas and thanksgiving the number increases by almost 2 percent. The number of federal employees in 2012 decreased to almost 22 million jobs which is .5 percent less than the year before. Due to the fact that these numbers are only compiled every
3 Executive Summary
4 Unemployment Rate
6 Gross Domestic Product(GDP)
7 Inflation Rate
8 Foreign Trade
9 Consumer spending
10 Economic Outlook
12-13 Work Cited
Executive Summary
This essay will examine the current state of the United States Economy as determined by several leading indicators, including, Unemployment Rate, Gross Domestic Product (GDP), Inflation rate (CPI), Foreign Trade, as well as business investment, consumer spending, and government spending. All of the following have a strong reflection of the status of the United States economy in regards to output and services. The January release of the most current GDP became available showing that the fourth quarter GDP was 4.1. While with recent government regulation they lowered the first quarter GDP to 2.5 percent. However, following the report I will include a statement about my personal prediction for the remainder of the 2014 fiscal year using sets of very complex variables and skilled opinions.
Unemployment Rating:
The unemployment rate in the United States as anticipated by the US Federal Bureau of Economic Analysis is around 6.7 percent as of the beginning of the 2014 in February as demonstrated on the graph pictured above. This number is estimated using the numbers given for persons in the United States that have been actively looking for job opportunities as a percentage of the labor force. This number has been gradually decreasing since July 2012 and will continue to decline as the job market continues to expand with new technologies and education. Although, during the holiday seasons the unemployment always goes down, but as soon as they end, such as after Christmas and thanksgiving the number increases by almost 2 percent. The number of federal employees in 2012 decreased to almost 22 million jobs which is .5 percent less than the year before. Due to the fact that these numbers are only compiled every
Cited: Fiscal Policy and Economic Policy. (n.d.). Infoplease. Retrieved March 23, 2014, from http://www.infoplease.com/cig/economics/government-unique-situation.html Florida Unemployment. (n.d.). Florida State Unemployment Rate and Total Unemployed.Retrieved March 23, 2014, from http://www.deptofnumbers.com/unemploy Foreign Trade. (2014, March 7). US International Trade Data. Retrieved March 23, 2014, from http://www.census.gov/foreign-trade/data/ Kurtz, A. (2014, February 7). A cold start for the U.S. economy. CNNMoney. Retrieved March 23, 2014, from http://money.cnn.com/2014/02/07/news/economy/economy-outlook-weather/ Mutikani, L. (2014, February 28). U.S. GDP revised down, but hints of economic thaw emerge. Reuters. Retrieved March 18, 2014, from http://www.reuters.com/article/2014/28/us-usa-economy-idUSREA1Q16020140228 Norris, F. (2014, February 27). A Dire Economic Forecast Based on New Assumptions. The New York Times. Retrieved March 23, 2014, from http://www.nytimes.com/2014/02/28/business/economy/questioning-a-dire-economic-forecast.html?_r=0 Solid growth brightens economic outlook for 2014. (n.d.). Yahoo Finance. Retrieved March 22, 2014, from http://finance.yahoo.com/news/solid-growth-brightens-economic-outlook-2014-195628992--finance.html United States Consumer Spending. (n.d.). TRADING ECONOMICS. Retrieved March 23, 2014, from http://www.tradingeconomics.com/united-states/consumer-spending US Economic Outlook for 2014 | US Economic Forecast 2014. (n.d.). US Economic Outlook for 2014 US Economic Forecast 2014. Retrieved March 23, 2014, from http://www.useconomicoutlook2014.com/ United States Core Inflation Rate. (n.d.). TRADING ECONOMICS. Retrieved March 23, 2014, from http://www.tradingeconomics.com/united-states/core-inflation-rate