Week 6: Current Macroeconomic situations in U.S.A.
Name: Sara Lopez
Institution: DeVry University.
Principles of Economics.
Date: 7th/12/2014.
Introduction……………………………………………………………………..…………………3
Inflation rates in the US…………………………………………………………………………...3
Table of America’s inflation rates by year and month from year 2009-2014………………………4
2014 Gross Domestic Product (GDP) rates in the US…………………………………………….4
A table showing the monthly GDP growth rates for 3013-2014………………………………….5
The current rates of unemployment in the US…………………………………………………….5
Conclusion………………………………………………………………………………………...6
Reference list……………………………………………………………………………………...7
Introduction
Like all other successful world economies, the economy of the US is founded on three main macroeconomic pillars. These are rates of inflation, rates of unemployment and the Gross Domestic product. Their outcomes are influenced by other factors such as fiscal policies and many more. However, the latest data trends indicate that the US is still burdened by high rates of inflation and unemployment.
Inflation rates in the US
According to the recent information published by the US government on 20th November, 2014, the latest annual rates of inflation in the US is 1.7%. Since the month of January, the inflation rates showed a decrease but started increasing. For instance, the percentage monthly inflation rates were 1.6, 1.1, and 2.0 (%), for January, February and March respectively (The Swiss National Bank Quarterly Bulletin, 2012). Between May and June, the inflation rates rose and remained constant at 2.1% before dropping to 2.0%- a drop of 0.1%- in the month of July. The remaining months were characterized by constant inflation rates of 1.7%. Overly, these data trends imply that rates of inflations have been increasing throughout the same year. These results are also implicitly portrayed in the past years in which the inflation rates have also been drastically...