The Current Standing Of The U.s. Economy - 1669 Words

Tracking the U.S Economy Jessica Findish Jacksonville University Executive Summary In this paper, you will read about the current standing of the U.S. economy as of spring and summer for 2015. Gross Domestic Product (GDP), unemployment rate, inflation rate, foreign trade, consumer spending, business investment, and government spending will all be analyzed. This analysis will then lead to the projection of the U.S. economy for the first two quarters of 2016. U.S. Economy: Spring and Summer 2015 Gross Domestic Product (GDP) The Bureau of Economic Analysis showed output in the U.S. increasing at a rate of 2.3% for the second quarter of 2015 (Sharf, 2015). This is a 1.7% increase from the first quarter when real GDP increased 0.6% (Sharf, 2015). Current-dollar GDP decreased 0.2 percent, which is the equivalent of $10.4 billion, in the first quarter of 2015 to $17,693.3 billion (News Release: Gross Domestic Product). The B.E.A. also reports (GDP 2015) that personal consumption has doubled within the first two quarters of 2015 from 1.8% to 3.6%, suggesting that consumer income has also increased alongside GDP. Unemployment Rate According to the BLS (Labor Force Statistics†¦), the unemployment rate has decreased in 2015. According to Graph 1, only May 2015 saw an increase in the unemployment rate of 0.1%, which then fell by 0.2% by June 2015. From January 2015 to September 2015, the unemployment rate has decreased by 0.6%. One could argue that employers are afraid to hireShow MoreRelatedEssay on The United States Current Account Deficit1251 Words   |  6 Pages The largest and richest world economy belongs to the United States (â€Å"North America,† 2011). Interestingly, this same monstrous economy also holds the title for the largest current account deficit. The U.S. current account deficit is funded from net capital inflows from abroad and has continued to grow throughout the last two decades (Holman, 2001). Economists in the early part of this century theorized that this huge U.S. external deficit was sustainable because it would gradually correctRead MoreCountering the Peopleâ €™s Republic of China740 Words   |  3 Pagesaggressive PRC influence that threatens regional stability and security. b. The Association of Southeast Asia Nations (ASEAN) is a regional organization within the SCS that could peacefully moderate the territorial disputes. c. The current fiscal environment in the U.S. limits the acceptable responses to the aggressive PRC influence tactics. 3. Discussion. a. Over the past 30 years, the PRC sustained substantial economic growth and prosperity that has markedly increased its influence throughoutRead MoreMacroeconomics Unit 4 Individual Project - Business Cycles and Concepts a+ Work (Includes Graph)1125 Words   |  5 PagesMacroeconomics Unit 4 Individual Project Abstract The following paper is a depiction of the current economic concern of the real gross domestic product of the Federal Republic of Brazil. Included as well are data sets which display the statistics and recorded data of the real gross domestic products for the years 2000 through 2010. These data sets provide an analysis for the afore mentioned time frame in order to accurately determine trends over a set period of ten years. Moreover, theRead MoreUS Senator Dan Coats1375 Words   |  5 PagesJackson, Michigan to Vera and Edward Coats. Coats attended local public school and received his diploma from Jackson High School in 1961, Coats graduated in 1965 from Wheaton College in Illinois with a B.A. in political science; before serving in the U.S. Army between 1966 and 1968, in 1972 Coats earned a Juris Doctor from the Robert H. McKinney School of Law at Indiana University. Dan Coat’s only two non-political occupations were as assistant Vice President of a Fort Wayne life insura nce company andRead MoreThe Crisis Of The United States1271 Words   |  6 Pagesa step in the right direction towards tapping into the endless opportunities and potentials that lay beneath the surface. And research has it that a country economic standing relies heavily on its literacy rate and vice versa, but one country that has proved that wrong is Cuba. Although Cuba currently holds a reputable global standing as one of the best educational systems in the world, this didn t come about without its fair share of struggles resulting from its diplomatic crisis with the UnitedRead MoreThe United States National Debt1328 Words   |  6 Pagesfive years when the U.S. recorded a budget surplus. Between 2009 and 2012 the U.S. added 5.5 trillion dollars to its national debt. Neither Republicans nor Democrats appear to have any sense of urgency in rectifying this problem. Fortunately the U.S. Government has a good reputation of paying its debts and thus has a good credit rating which allows it to continue borrowing, although that good standing was put to the test recently in 2011 when Standard Poor’s reduced the U.S. rating from AAA toRead MoreAn Article On U.s. Banking Essay1620 Words   |  7 Pages I recently caught an article on U.S. banking from one of my favorite U.S. websites Banking Connects. The essence of the piece was that U.S. banks were awash in funds, but entrepreneurs were somewhat floating alone in help on floating that loan! So, let s try and Canadianize that comment a bit with respect to a franchise loan in Canada, with emphasis on how to successfully loosen the purse strings of those franchise lenders for your funding needs. Two critical components of success in franchisingRead MoreRussian Economic Crisis Essay1588 Words   |  7 PagesThe Russian economy has reacted very well in the last two years in reference to the events of which resulted in collapsing oil prices and the continuation of Western penalties for certain practices. GDP has decreased a minimal 0.2% in 2016, which followed a positive 2.8% contraction in 2015 (previously estimated to result in a 3.7% decrease by top analysts). Stricter monetary and fiscal policies, as well as a flexible exchange rate essentially ensured a much smaller GDP decline in 2015 and 2016 combinedRead MoreFiscal Policy Paper Eco3721409 Words   |  6 Pageselimination of certain tax credits, the government analyzes school funding for cost effectiveness. Each step the government takes has a trickling effect on taxpayer’s dollar. The Effects of U.S. Deficit, Surplus, and Debt When a surplus exists, the government has extra funds to spare and infuse into the economy. This surplus will increase government programs. When the government has a surplus it focuses on its needs by order of necessity, similar to the way individuals do when they have extra moneyRead MoreThe Executive Order : President Obama s Immigration Reform1221 Words   |  5 PagesThe Executive Order: President Obama’s Immigration Reform In 1986 Ronald Regan signed into law the Immigration Reform and Control Act, an amnesty act that would alleviate the current immigration problems. Through this law, out of five million illegal immigrants, an estimated four million could have applied to become legal U.S. Citizens. This law was supposed to put a definite stop to illegal immigration into the United States. However, ever since the law was enacted, statistics show that the numbers