TeLeigha's Corner

Current US Economy

Current US Economic Data

  • GDP (Gross Domestic Product) = 15,684,800,000,000
  • Unemployment Rate = 7.2%
  • Inflation = 1.2%

Revealing The Health of the U.S Economy

  • GDP: The economic GDP has increased in the past year. This means that the economy is working toward good progress in supplying and demanding goods.
  • Unemployment Rate: The unemployment rate has decreased from 7.3 to 7.2 in the past year. This means the economy is doing a good job at creating new jobs.
  • Inflation: The inflation has decreased in the part Quarter (3 month time span). This means that prices of goods have increased. This is not good because that means that less people will buy fewer goods because they cost more.

I think the U.S is in an expansion. I think this because the GDP is increasing, the unemployment rate is decreasing, and the inflation rate is increasing. These are all signs that the U.S is in an expansion phase, meaning in a period of economic growth.