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economic productivity in the US depicted in the numerous productions and purchases in terms of goods and services, the rates of national unemployment have remained steadily high. This implies that increment in the overall productivity of both goods and services is not playing any noteworthy role in the generation of fresh jobs for the general populace. It further implies that employers are not offering job opportunities to fresh workers in order to develop the required growth rates.
In the most recent probe into the macroeconomic situation, Consumer Price Index with regard to urban consumers stood constant during the month of December similar to the month of November. The index for all goods except for food and energy rose significantly by 0.1% in December after it augmented to 0.2 in November (BLS, 2012). This has been presented as the inflation levels for US for the fiscal months of December and November. According to reports on employment and unemployment, a rise in the nonfarm payroll job offering augmented by 200, 000 in December 2011, while the unemployment rate continued to drop at 8.5% (Haskell, 2011). Job opportunities emerged in the conveyance, warehousing, retail vending, industrialized, medical and mining sector of the economy.
According to the presented report, real GDP, which is the production of goods and services that US generated in labor and property augmented to a yearly rate of 1.8% as per the third quarter of last year (Haskell, 2011). Previously, the second quarter of last year saw an augment of the real GDP by 1.3%.
Currently, the expansionary fiscal tools such as the purchases made by the government on taxes are not working within the current situation. The working group has been amassing less experience concerning jobs than expected, which consequently leads to augment in inflation and unemployment (Bullard, 2011). Although inflation is triggered by supply side dilemmas, inflation and unemployment augment in a similar manner making the
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(Current Macroeconomic Situation Essay Example | Topics and Well Written Essays - 500 Words)
“Current Macroeconomic Situation Essay Example | Topics and Well Written Essays - 500 Words”, n.d. https://studentshare.org/macro-microeconomics/1588983-current-macroeconomic-situation.
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