ECONOMIC ADVISEMENT - Research Paper Example

Economics Advertisement Paper The paper is aimed at providing significant evidences about the religious association of Jews, Muslims and Christians with the Holy Land which was once called Palestine. The three major and most dominating religions of the world are in rivalry with each other since ages in order to capture and practice complete authority in the Holy Land. This is due to their religious beliefs and the Prophetic evidences existing in the Holy Land. ECONOMIC ADVISEMENT PAPERThe US economy is one of the largest economies of the world with an estimated GDP of 15 million.

It is a prosperous country as it has experienced the increase in GDP and the income rate.UNEMPLOYMENT RATE IN UNITED STATESThe unemployment rate recorded in December 2012 was 7.80 percent which has been increased to 7.90 percent in January 2013. The unemployment rate is reported by the bureau of labor statistics in the United States of America. The unemployment rate reported from 1948 until 2013, on an average was 5.81 percent. The highest unemployment rate recorded in USA was in November of 1982 which was 10.

83 percent and the lowest was recorded in May of 1953, which was 2.50 percent. In united state, the unemployment rate measures the people who are unemployed, from the labor force. (trading economics, 2013)INTEREST RATE IN UNITED STATESThe interest rate in USA is reported by the Federal Reserve. The interest rate last recorded in USA was 0.25 percent. From 1917 until 2013 the average interest rate was 6.81 percent. The highest interest rate recorded was in March 1980, which was 20 percent, while the lowest interest rate was 0.

25 in December 2008. In the United States, the interest rate is decided by the combined decision of the Federal Reserve (board) and the federal open market committee (FOMC). The decision is made by the board on the basis of the recommendations, given by one or more regional Federal Reserve Bank. (united state interest rate, 2013)CONSUMER INCOME IN UNITED STATESAccording to a report by the commerce department, there was an increase of 2.6 percent in the consumer income, in USA. The report says that the salaries and wages of the American labors have been increasingly growing since December 2004.

Due the increase in the income, there is an increase in the consumer spending as well. The rise in the consumer income rate was due to improve in the wages and the salaries of the American employees. The bonuses and the compensation were given by many companies to their employees, before in the raise in taxes. The consumption rate of the consumer was raised up to 2.2 percent, which was more than the estimated rate. The increase in the per person income rate is more than the estimated, this shows that the American economy have improved more than the expectation.

There is an increase in the payroll tax from February, which has decreased the consumer’s confidence a bit. (Mu, 2013)In a report by the statistics Canada it was stated that the Canadian economy is growing at a rate, which is more than the expected.RECOMMENDATIONSThe United States economy is developing at a fast rate. If it will continue to develop at the same rate it will be create more prosperity in the country. There has been a positive growth in the consumption rate of the consumers. This be improved in the coming years by decreasing the payroll taxes.

REFRENCESMu, R. (2013, january 31). Forex: US Consumer Income Grew By the Most in Eight Years; USD/CAD Bullish. Retrieved february 9, 2013, from yahoo finance: http://finance.yahoo.com/news/forex-us-consumer-income-grew-145700403.htmltrading economics. (2013). Retrieved february 9, 2013, from unemployment rate in USA: http://www.tradingeconomics.com/united-states/unemployment-rateunited state interest rate. (2013). Retrieved february 9, 2013, from trading economics: http://www.tradingeconomics.

com/united-states/interest-rate