ECO/372 Week 3 Learning Team Assignment
Team C Week 3 Learning Team Assignment
ECO/372
Team C Week 3 Learning Team Assignment
In our team paper, we are going to evaluate, assess, and apply various economic situations from a Keynesian and Classical perspective. As the global markets increase and decrease over time careful modifications of the economy of the United States need to be made. After a comprehensive assessment of the current economic situation team C has agreed, that the Current State of Interest Rates, unemployment, exceptions, and consumer incomes and spending are the distinct factors that have an influence on economic forecasting and growth. The US is still recovering from the financial crisis there is still some skepticism, despite recent signs in improvement in money markets, gross domestic product, and unemployment reduce to a five year low. The Unemployment rate in the United States is currently 6.7% as of December 2013. This rate is lower than November due to the many holiday jobs that were created. In January it is predicted to go back up since the people that have lost their jobs due to a short term holiday work season. The rate will go down again once the warmer weather of spring and summer arrives due to the seasonal work of construction and landscaping businesses. The unemployment rate will continue to fluctuate due to the seasonal work but it will also increase as we lose businesses due to the tough economic conditions. Many employers are laying off workers or closing their doors due to many regulations that have been passed by our government. A lot of employers have had to cut down on their workforce due to a higher cost to do business and cost of healthcare. In the long outlook of this situation if healthcare costs are not lowered more businesses will be leaving the United States or just closing their doors. This will drive up the unemployment rate again. The forecast for jobs leaving the United States keeps growing the more that companies need to
ECO/372
Team C Week 3 Learning Team Assignment
In our team paper, we are going to evaluate, assess, and apply various economic situations from a Keynesian and Classical perspective. As the global markets increase and decrease over time careful modifications of the economy of the United States need to be made. After a comprehensive assessment of the current economic situation team C has agreed, that the Current State of Interest Rates, unemployment, exceptions, and consumer incomes and spending are the distinct factors that have an influence on economic forecasting and growth. The US is still recovering from the financial crisis there is still some skepticism, despite recent signs in improvement in money markets, gross domestic product, and unemployment reduce to a five year low. The Unemployment rate in the United States is currently 6.7% as of December 2013. This rate is lower than November due to the many holiday jobs that were created. In January it is predicted to go back up since the people that have lost their jobs due to a short term holiday work season. The rate will go down again once the warmer weather of spring and summer arrives due to the seasonal work of construction and landscaping businesses. The unemployment rate will continue to fluctuate due to the seasonal work but it will also increase as we lose businesses due to the tough economic conditions. Many employers are laying off workers or closing their doors due to many regulations that have been passed by our government. A lot of employers have had to cut down on their workforce due to a higher cost to do business and cost of healthcare. In the long outlook of this situation if healthcare costs are not lowered more businesses will be leaving the United States or just closing their doors. This will drive up the unemployment rate again. The forecast for jobs leaving the United States keeps growing the more that companies need to
References: Baker III, J. A. (2009). Economic Policy: Recommendations for the Next Administration. Institute for Public Policy. Retrieved from http://bakerinstitute.org/publications/TEPP-pub ObamaTransitionDiamondCountryman-011209.pdf Pinsen, David, April 2011, Why US Unemployment Rate Remains So High, http://seekingalpha.com/article/262752-why-u-s-unemployment-remains-so-high