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ECONOMY IN A NUTSHELL
Part 1: Inflation
Part 2: The Labor Market and Consumption
A. The Labor Market
The Current Population Survey (CPS) provides the data used for analysis
of the current conditions of the U.S. labor market.
Employment Situation
November
04,
2011
Nonfarm payroll employment continued to trend up in October (+80,000). The
unemployment rate was little changed (9.0%). Employment in the private sector rose,
with modest job growth continuing in professional and businesses services, leisure and
hospitality, health care, and mining. Government employment continued to trend
down.
The current fiscal policy that are in place are good, but measures must
be taken to avoid a crash of the market, get the unemployment rate
down, and stimulate the economy in the hopes of increasing the gross
domestic product and bringing about a surge in the aggregate demand.
Although it may take some time for all of these events to take place,
this is what needs to be done to get the economy to rise. The
consumers and government must also do their parts in order for this
economy to rise above the recession it is in now.
As we approach the fourth quarter of the 2011 fiscal year, the growth of
the U.S. economy continues to lag. The GDP has increased from May
2011 to October 2011 but unemployment rates remain relatively
unchanged. According to the Bureau of Labor Statistics, the CPI and PPI
have been on an incline from May to October as well. The FED or the
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Central Bank has pledged to keep interest rates low (period of time
specifics) and had its hands full with the GDP sending mixed signals.
Although GDP is increasing, the Feds primary concern of inflation
remains. Ben Bernanke has reduced interest rates, raised taxes, and
raised the money supply though his fiscal and monetary policies.
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http://www.cbpp.org/cms/?fa=view&id=711
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BIBLIOGRAPHY
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