Welcome to Economic News Today: USA. Our mission is to provide accurate and timely economic news for the United States. We aim to be your go-to source for all things economic, from stock market updates to interest rate changes. Stay up-to-date with us as we provide the latest news and analysis on the US economy.
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Economic News Today: USA is a website that provides users with up-to-date information on the latest economic news in the United States. The website offers a variety of features that allow users to stay informed on the latest economic news, including:
-A news feed that provides users with the latest economic news stories from around the web;
-A calendar of upcoming economic events;
-A ‘Trending Topics’ section that highlights the most popular topics being discussed by users;
-A ‘Data & Analysis’ section that provides users with access to data and analysis on a range of topics;
-A ‘Blogs & Opinions’ section featuring blog posts and opinion pieces from a variety of writers.
Economic News in the USA
The USA’s economy is growing slowly but steadily. The country’s GDP grew by 2.2 percent in the second quarter of 2019. This is good news for the USA, as the country’s GDP had been increasing for the past few years. However, there are still some areas of the economy that need improvement.
Gross Domestic Product (GDP)
Gross domestic product (GDP) is a monetary measure of the market value of all the final goods and services produced in a period of time, often annually or quarterly. GDP (nominal) per capita does not, however, reflect differences in the cost of living and the inflation rates of the countries; therefore using a basis of GDP per capita at purchasing power parity (PPP) is arguably more useful when comparing welfare between nations, while nominal GDP is more useful comparing national economies on the international market.
The unemployment rate is the percentage of the labor force that is unemployed but actively seeking employment and willing to work. The labor force includes civilians who are employed or unemployed. The unemployment rate for the United States is calculated by the US Bureau of Labor Statistics. The unemployment rate is a lagging indicator, meaning it generally rises during or after a recession and falls during or after an economic expansion.
The inflation rate in the United States is the percentage change in price level of a basket of selected goods and services in a given year. The prices of individual items in the basket vary from year to year, but the average price for the basket as a whole will increase if inflation is positive, and decrease if it is negative.
In order to calculate the inflation rate, economists use a measurement called the Consumer Price Index (CPI). The CPI measures changes in prices paid by consumers for a basket of goods and services that are representative of the overall economy. The CPI basket includes items such as food, clothing, housing, transportation, and medical care.
The inflation rate in the United States was 2.1 percent in 2019, 1.8 percent in 2020, and is expected to be 1.7 percent in 2021.*
In conclusion, the economy in the United States is doing well. The job market is strong and wages are rising. Inflation is low and interest rates are still historically low. The stock market is also doing well. There are some concerns about the trade war with China, but overall the economy is in good shape.