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Showing posts with the label economic report

2015 Economic Report to President Shows Improvement with Concerns

We are all impacted by the economy in one way, shape, form or another. Economics determines whether we can find a job, how much we will be paid, or whether or not you are able to afford a new car. The science of economics helps us explain and predict events in our environment that lead to stronger fiscal policy. The 2015 Economic Report to the President outlines a growing economy in terms of jobs, debt, energy, and exportation. Despite the positive news there is much more work to be done realigning the economy to sustainable growth and development. At our worst point in 2009 we were loosing 424,000 jobs a month and are now gaining 260,000 jobs a month leading to lower unemployment rates and a stronger job market.  Debt ratios have been improving by dropping to 9.9% of disposable income leaving more money in the hands of people. More jobs and more spending capacity are a benefit to future economic growth even though wages haven't risen yet. Oil production is increasing whil