Essay Examples on Urban College of Boston

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The United States Economy

The United States economy has been through many significant changes during the period between 2006 to current especially finance crisis of 2007 2008 which causes many effects not only US economy but also the globe s economy The US is the biggest economy system in the world GDP also got effects from many events during accompany year GDP maintain at rate 2 7 in 2006 and decreases down to 1 7 and lowest 0 6 in 2008 due to the financial crisis and it became worse in 2009 at 2 9 The GDP backed to the increase in 2010 at 2 5 From 2010 the GDP still increase up and down from 1 5 to 2 9 Amadeo 2017 The inflation rate maintained at 3 2 in 2006 and go up to 3 8 in 2008 when the financial crisis occurred In 2009 the inflation rate goes down to 0 4 which become to be deflation With many attempts to recover the economy the US inflation rate keeps maintaining the average around 1 5 to 3 2 In 2015 the inflation rate is balanced low at 0 1 but it goes up to 1 3 in 2016 Current US Inflation Rates 2006 2017 2017 According to the Bureau of Labor Statistics the unemployment rate maintains at the low rate at 4 4 and 5 5 in 2006 and 2007 In 2008 the financial crisis happened which led to increase ultimately up to 7 3 and reach highest at 9 9 in 2009 With all the policies from the government helps the unemployment rate going down from 2013 to 2016 at 4 7 though it is still higher than the prior crisis The inflation rate is one of the most people caring about the economic system Unemployment Rate 2018 US economy is the biggest economy system in the world That s mean the increase and decreasing of the US economy can affect globe s economy

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