Us Economy

US Economy The US thriftiness is one of the largest and the most technologically advanced national systems in the world, with more than 10 gazillion dollars in GDP. After the economic boom in 1990, The US economy suffered a number of serious setbacks, including the bursting of the technology cardhouse; the Sept. 11, 2001, terrorist attacks; significant losses of stock market wealth; a stagnant job market; corporate accounting scandals; uncertainties colligate to the war in Iraq; and increase in oil bell . (http://www.infoplease.com) Although many factors threaten the development of the economy, the recovery is expect in the near future. According to New York Stock Exchange (NYSE), the overall market value is increasing constantly; from 5,687.87 (April 2005) to 6,360.69 (March 2006). Some factors expected to contribute to the recovery are increasing in participation rate, rising in expendable income, and growth in consumer spending. ? ontogeny in employment rate This is a good sign for the economy because GDP increase as more people go to work. Civilian household employment is projected to increase by 1.2% per course from 2002 to 2012. The result is that about 17.3 million employed persons depart be added to the economy over this 10-year period.

The recovery is supported by the decrease in unemployment rate from 5.1% last November to 4.8% and the increase in payroll employment; number of people included in the payroll system of companies, from 48,000 in September last year to 243,000 people in February 2006. ?Rising in disposable income As more people are employed, they earn more income which gettable for them to either save or spend. The increase in disposable income is another contribution to the recovery of the economy no subject area it is saved or spent because it will help mitigate the real standard of living. According to the forecast, nominal disposable income on per capital basis is expected to increase at an average annual rate of 4.3%... If you want to get a skilful essay, order it on our website: Ordercustompaper.com

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