Society & Culture & Entertainment Society & Culture Misc

The Current Economic Indicators and the Economy Growth In 2011

The United States is a largest and the most power economy internationally. The USA economy is greatly based on the behavior of financial market, in which the private individuals and the business firms make the decisions. The future of an economy is predicted by certain key economic indicators. Gross Domestic Product (GDP), Inflation, Employment and Unemployment are the important economic indicators. These indicators must achieve the prime goal that is set by the Federal Reserve who set the monetary targets for the growth of economy. These current economic indicators predict how the economy is going to be in near future.

During the recession, these current economic indicator turned to negative, which certainly is the sign of downfall of an economy. These current economic indicators greatly affect the economy health. The economy health is defined by the employment rate, business growth, currency value, etc. To predict the future, it is important to study the current economic indicators. The current statistics show that the USA has a per capita Gross Domestic Product of $48,000. According to the Bureau of Economic Analysis, the third quarter of 2010 has reported the rise of 2.6 percent of annual Gross Domestic Product (GDP). The GDP current indicators state that there is a substantial growth in business and jobs.

The increase in GDP indicates that business firms are investing and hiring employees. Inflation rate, which is one of the current indicators showed the 0.5 percent on increase in December. In last year, the inflation rate rose by 1.5 percent. However, the 0.5 percent increase certainly is commendable improvement that shows the stability and growth of economy. The U.S. unemployment rates in December fell by 0.4 percent, which indicates that there is improvement in the availability of employment. Moreover, it indicates that there is a rise in employment rates. These current indicators signify that there is an improvement in overall US economy.

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