US Economy Free Essays

The Jan aura release of the most current GAP became available showing that the fourth quarter GAP was 4. 1 . While with recent government regulation they lowered the first quarter GAP to 2. We will write a custom essay sample on US Economy or any similar topic only for you Order Now 5 percent. However, following the report will include a statement about my personal prediction for the remainder of the 2014 fiscal year using sets of very complex variables and skilled opinions. Unemployment Rating: The unemployment rate in the United States as anticipated by the IIS Federal Bureau of Economic Analysis is around 6. 7 percent as of the beginning of the 2014 in February as demonstrated on the graph pictured above. This number s estimated using the numbers given for persons in the United States that have been actively looking for job opportunities as a percentage of the labor force. This number has been gradually decreasing since July 201 2 and will continue to decline as the job market continues to expand with new technologies and education. Although, during the holiday seasons the unemployment always goes down, but as soon as they end, such as after Christmas and thanksgiving the number increases by almost 2 percent. The number of federal employees in 201 2 decreased to almost 22 million jobs which is . Percent less than the year before. Due to the fact that these numbers are only compiled every five years, this . 5 percent decrease is quite shocking to many people. These employees include policemen, nurses, and teachers along with many more. While the number of unemployment among the youth continues to increase, the percentage of adult men and women without health insurance will also continu e to rise with the execution of Obama care. Unemployment Rate February 2014 Month/Month Year/Year National 6. 7% +0. 1 Florida 6. 2% 0. -17 As shown in the chart above, the unemployment rate of Florida is demonstrated versus the rest of the United States. Governor of Florida, Rick Scott announced that Florist’s statewide unemployment rate for May 2013 dropped to 7. 1 percent, the lowest rate since September 2008. Florist’s rate was down O. 1 percentage point from Aprils rate of 7. 2 percent and continues to fall below the national average, which went up to 7. 6 percent in May. As Florida continue to distance itself from the national unemployment rate it is clear that the state government will succeed in growing opportunities for Florida families. Due to the incredible successes that Florida communities had experienced, Florist’s unemployment rate is well below the national average. Gross Domestic product (GAP)I The gross domestic product (GAP) measures of national income and output for a given country’s economy. The gross domestic product (GAP) is equal to the total expenditures for all final goods and services produced within the country in a stipulated period often. The Gross Domestic Product (GAP) in the Lignite States was worth 15684. 80 billion US dollars in 2012. The GAP value of the United States represents 25. 30 percent of the world economy. GAP in the United States is reported by the The World Bank Group. From 1960 until 201 2, the united states GAP averaged 5725. 9 USED Billion reaching n all time high of 1 5684. 8 USED Billion in December of 2012 and a record low of 520. 5 USED Billion in December of 1960. At the beginning of the first quarter of 2014 the GAP was 2. 4 percent due to the recent government sanctions to promote businesses and services locally instead of internationally. Although, the US Federal Bureau of Economic Analysis states that the United States represents 25. 30 percent of the world’s economy. The increase in real GAP in 201 3 primarily reflected positive contributions from personal consumption expenditures (PACE), exports, residential fixed investment, nonresidential fixed investment, and private inventory investment that were partly offset by a negative contribution from federal government spending The deceleration in real GAP growth in 201 3 primarily reflected a deceleration in nonresidential fixed investment, a larger decrease in federal government spending, and decelerations in PACE and in exports that were partly offset by a deceleration in imports and a smaller decrease in state and local government spending. How to cite US Economy, Papers