What Is Going On?
There’s a lot going on in the world, and it can be hard to keep up with it all. Whether you work in an office or you’re a stay-at-home parent, there are days when it feels like everything is spinning out of control. That’s why we’ve compiled a list of 10 articles that will help you get a grip on the current state of the world. From politics to the economy to climate change, read on to learn more about what’s happening and how you can make a difference.
What is the current state of the economy?
The economy is in a tough spot right now. Unemployment is still high, and many people are feeling the pinch. There are also concerns about the future of the economy, as a number of important institutions – like the stock market – have been struggling recently. What’s going on?
One big problem is that the US economy has been slowed by slow growth in China. This has led to a fall in exports, which in turn has led to a fall in business investment. Combined with weak consumer spending, this has caused unemployment to continue to rise.
There are other problems too. The finance sector is in crisis, and this is causing problems for businesses and consumers alike. Additionally, there are concerns about whether we’re reaching the end of the US economic recovery – if things stay as they are, it could lead to more unemployment and falling wages.
How has the economy changed over the years?
The United States economy has gone through a few changes over the years, but what have been some of the more significant changes?
In terms of GDP (Gross Domestic Product), we’ve seen a modest uptick since 2009. In that year, GDP was $14.5 trillion. As of 2016, GDP is estimated to be at $17.1 trillion – an increase of about 2%. Though this may not seem like much, it means that the economy is continuing to grow overall.
One reason for this modest uptick in growth may be the fact that people are working more hours than ever before. In 1969, Americans worked a average of 34 hours per week. As of 2016, people are working an average of 37 hours per week. This is largely due to increased demands for labor in areas like healthcare and technology – sectors that continue to grow rapidly in both number and value.
However, while the economy has continued to grow overall, there have been some noticeable changes too. For example, wages have not kept up with inflation for a long time now – meaning that people are generally earning less money than they were 10 or 20 years ago. Additionally, there’s been a lot of discussion lately about inequality within the United States economy – meaning that different parts of society are experiencing different levels of prosperity.
Overall, though the economy has undergone some minor changes over the years, it continues to grow overall – albeit at a slower rate than it did in previous
Unemployment rates decreased in 33 states in August according to the Bureau of Labor Statistics. The rate for Black workers was still the highest at 12.8%. Alaska had the lowest unemployment rate at 2.3%.
The number of people who are unemployed decreased by 287,000 from July to August. This is good news because it means that more people are finding jobs.
However, there are still a lot of people unemployed. The total number of people unemployed is now at 6,089,000 which is up from 6,021,000 in July.
The reason for this increase is not clear but it may be due to fluctuations in the economy.
Money in circulation
As of September 30th, 2017 there was $19,915,000,000 in circulation. This number has decreased by $1,509,000,000 from the previous year. The decrease can be attributed to a variety of factors such as inflation and population growth. Inflation has caused the value of cash to decrease while population growth has caused more people to use electronic payments.
Overall though the trend is positive for the future of currency as more and more people are beginning to use electronic payments which in turn decreases the amount of cash in circulation. It is important to keep track of this trend because it could have implications on our economy in the future.
According to the National Bureau of Economic Research, the US economy is growing at a rate of 2.7 percent. The gain in jobs and wages has helped push up consumer spending, which is responsible for two thirds of economic growth. Business investment has also been strong, with equipment and software purchases making up the bulk of this investment. Residential construction activity has also picked up recently as people get ready to buy homes and build new ones. All in all, it looks like the US economy is doing quite well!
It’s been a crazy few weeks, hasn’t it? Lots of big news stories and changes happening all over the world. It can be hard to keep up with everything, but don’t worry — we’re here to help! In this week’s article, we’ll be discussing some of the bigger headlines and what they might mean for our everyday lives. So read on and stay tuned for more updates soon!