Sign In
Not register? Register Now!
Essay Available:
Pages:
6 pages/≈1650 words
Sources:
18 Sources
Level:
MLA
Subject:
Mathematics & Economics
Type:
Research Paper
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 31.1
Topic:

ECON 2013 USA Economic Status, Unemployment Rate (Research Paper Sample)

Instructions:

ECON 2013 Paper please come up with a topic appropriate for this paper.
Major Economic Statistics and the US economy
Gather 18 current major economic statistics on the US economy. These can be taken from a newspaper, radio, TV or the Internet. Some good types of Internet sources include a government page such as the Bureau of Economic Analysis at www.bea.gov, the home page of a major newspaper or financial news network such as www.cnnfn.com or a search engine to find the statistics. Some recommendations are:
www.bls.gov http://www.ism.ws/ (Report on Business, both manuf. And nonmanuf.)
http://www.bea.gov/newsrealeses/glance.htm (Bureau of Ec. Analysis, US Economy at a Glance)
http://cbs.marketwatch.com , search for the economic calendar.
The data should be nationally oriented statistics that reflect broad sectors of the economy. Do NOT use local, regional or foreign information, data on specific companies, stock market results, commodity results, the value of the dollar, Treasury auction rates or other interest rates. Do NOT break stat down into subsidiary groups. Try to have statistics that reflect different areas of the economy – you cannot have all your stats from one sector. These are some examples of potential statistics, use any stats on this list below:
LABOR: unemployment rate, new non-farm payroll jobs, initial unemployment claims, weekly hours worked, average hourly earnings.
PRODUCTION: durable goods orders, Purchasing Managers Index, capacity utilization, inventory levels.
CONSUMPTION: personal and disposable income, retail sales, Consumer Confidence Index, consumer debt.
HOUSING: new home sales, existing home sales, construction spending, housing starts
MISC.: GDP, Consumer price Index, Producer Price Index, GDP deflator, Index of Leading Economic Indicators,
3 Required Elements:
1. 18 statistics
2. Your views of how the US economy is currently doing
3. Your prediction where the US economy is going in the near future i.e. the next year (these predictions are not graded by whether I agree with them, but if they are logical given your data).
Link what you have learned in class to what you see in the economy.
You can include the possible government policies we might see or expert opinions from
economists or other professionals – the best sources for these is in magazine such as US News
and World Reports or Business Week, but these are not required. There is flexibility in coverage
depending on your interests and the material, but be careful of plagiarizing. Also, be sure to
identify opinions as opinions. The whole assignment is 5 pages (more is fine), double spaces
with normal font and margins. The stats can be listed separately or worked into the body of the
paper and count towards the 5 pages – they cannot count both places. Printed Web pages do not
count. Additional work can be done for a20% extra credit bonus(28-30 stats and 7-8 pages).
PLAGIARISM
Plagiarism is taking someone else's work and passing it off as your own. It is unethical,
dishonest and will result in a loss of all points on the paper. It does not matter that the material
comes from the web and it does not matter that material is factual.
If the source on the web said
The unemployment rate surged upward in August by .2% taking most analysts by surprise. This
rise in the unemployment rate occurred even though the economy created 58,000 new jobs last
month. The unemployment rate rose due to the entry of new workers at a faster pace than the rate
of new job creation.
And you said
The unemployment rate rose .2% and the economy created 58,000 new jobs in April.
THAT'S FINE!!!
If you said
“The unemployment rate surged upward in August by .2% taking most analysts by surprise. This
rise in the unemployment rate occurred even though the economy created 58,000 new jobs last
month. The unemployment rate rose due to the entry of new workers at a faster pace than the rate
of new job creation.” (source cited)
THAT'S FINE AS LONG AS YOU DON'T HAVE A PAPER OF QUOTES!!!!
If you said
The unemployment rate surged upward in August by .2% taking most analysts by surprise. This
rise in the unemployment rate occurred even though the economy created 58,000 new jobs last
month. The unemployment rate rose due to the entry of new workers at a faster pace than the rate
of new job creation.
NO QUOTES, NO CITATION, PASSED OFF AS YOUR OWN WORK – PLAGIARISM
AND YOU WILL LOSE ALL POINTS AS WELL AS BE REPORTED TO THE
COLLEGE!!!!

source..
Content:

Name
Professor
Course
Date
USA Economic Status
Overview
Besides the various challenges facing the US economy at the domestic level with a dynamic global landscape, still it remains the largest and significant one across the world. The United States economy accounts for more than 20% of the total output of the world, which is larger than that of China. Additionally, IMF has indicated that the United States has the sixth highest per capita GDP. America's economy is composed of a highly-developed and technologically advanced service sector which represents more than 80% of its total output. The service sector has dominated the economy with service oriented in various sectors such as finance, health, technology and retail. USA's large corporations plays a significant role in the global sphere with most of the Fortune Global 500 coming from America.
ECONOMIC STATUS
Labour
Unemployment Rate
In January, 2018 the national unemployment rate remained at 4.1% for the fourth month in a row. Consequently, there was a slight change in the number of unemployed people (6.7 million). Categorized into the worker groups, there was an increase in Blacks' unemployment rate to 7.7%, a decrease in the Whites group to 3.5%. The unemployment rate for adult men was 3.9%, adult women 3.6%, teenagers 13.9%, Asians 3.0%and Hispanics 5.0% (Bureau of Labor Statistics, 2). There was a little change in each of these categories. The long-term unemployment rate (those who were unable to find a job for more than 27 weeks) had a little change at 21.5% accounting for 1.4 million of the unemployed population.
Non-farm Payroll Jobs
January experienced an increase of 200,000 in non-farm payroll jobs. Some of the sectors that experienced an increase in jobs include constructions, manufacturing, healthcare and food and hospitality. 36,000 jobs were created in the construction sector especially the specialty trade such as contractors. Jobs continued to increase in the residential construction field as well. During the month, more than 15,000 jobs were created in the manufacturing sector. Jobs in the healthcare sector continued to increase in January (more than 21,000 jobs), hospitals being the largest gainers with 13,000. Finally, employment in foods and hospitality continued to increase with more than 31,000 new jobs during the month (Labour Bureau of Statistics, 2-3). Job creation in other industries such as mining and service sectors had a little change during the month.
Weekly Hours Worked
During the month of January, there was a decline in the average workweek hours in the private non-farm payroll jobs to 34.3 hours. The workweek hours in the manufacturing sector dropped by 0.2 hours to 40.6 hours. The overtime hours did not change at all, it remained at 3.5 hours. The weekly hours for production and supervisory employees dropped by 0.1 hour to 33.6 hours (Labour Bureau of Statistics, 3).
Average Earnings
The average hourly earnings for employees increased by 9% to $26.74 after a gain of 11% in the month of December, 2017. Throughout the year, there has been an increase in average hourly earnings by 2.9% (Labour Bureau of Statistics, 3).
Miscellaneous
Consumer Price Index
According to the U.S Bureau of Labor Statistics, there was an increase in the consumer price index for all Urban Consumers by 0.5% in January. The index adjustment was broad with an increase in all indexes such as gasoline, food, medical care, apparel and shelter. There was an increase of 3.0% in energy index, the increase in gasoline index contributed to these shooting. The food index experienced an increase of 0.2% with increases in both food at home and away indexes.
Producer P...

Get the Whole Paper!
Not exactly what you need?
Do you need a custom essay? Order right now:

Other Topics:

Need a Plagiarism Free Essay?
Submit your instructions!