Essay on Analisys of the Current State of Teh Us Economy

662 Words Aug 15th, 2012 3 Pages
Roa-1
Jeff Roa
Richard Elliman
Business 1100
June 11th, 2012
Analysis of the Current Status of the U.S. Economy While digging into economic trends for the previous three years in the United States, only one word came to mind when assessing where we stand now. Recovery. The recession from 2007-2009 had many lingering effects we didn’t really start to get out of until 2010. Taking a look at our GDP, unemployment rate, and CPI, surely you will agree. First let’s take a look at GDP. Starting in 2009, the GDP was down 2.5 percent based on current dollars, at 13.9 trillion. In 2010 we started to make our gains with an increase of 4.2 percent for a total of 14.5 trillion dollars. In 2011 we continued this trend with an
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Could that be due to the unemployment rate finally dropping below 9 percent at this time? We continue the trend of increased CPI-U and currently rest at 230.085. After having reviewed these trends I have to admit, our economy appears to be in recovery stemming from a recession in 2007-2209. When you look at the economy and its trends, we are on the right side of a U shaped recovery slowly making our way back to the top. Continuing trends like these in five to ten years it’s safe to say we will be at peak period. Roa-2
Works Cited
Amadeo, Kimberly. "GDP Current Statistics." US Economy and Business - US Economic Indicators - US Economic News. About.com, 31 May 2012. Web. 11 June 2012. <http://useconomy.about.com/od/economicindicators/a/GDP-statistics.htm>.
"BEA National Economic Accounts." U.S. Bureau of Economic Analysis (BEA). N.p., 31 May 2012. Web. 11 June 2012. <http://www.bea.gov/national/index.htm#gdp>.
"Consumer Price Index (CPI)." U.S. Bureau of Labor Statistics. N.p., 15 May 2012. Web. 11 June 2012. <http://www.bls.gov/cpi/#tables>. "Employment status of the civilian noninstitutional population, 1941 to date." U.S. Bureau of Labor Statistics. N.p., 1 Mar. 2012. Web. 11 June 2012. <http://www.bls.gov/cps/cpsaat01.htm>.
"Unemployment Rate - Last Ten Years | MacroTrends." MacroTrends | The Interactive

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