Notes

70% Of Americans Say U S Economic System Unfairly Favors The Powerful
And regulators need to pay more attention to protecting economic vitality and consumer well-being — and less to industry lobbyists. The dual housing banking crises sent shockwaves through the stock market, and major indices like the S&P 500 and Dow Jones Industrial Average lost half of their value, gutting the retirement accounts of millions of Americans. The Great Recession was the result of a financial house of cards built on the subprime mortgage market. Large financial institutions invested heavily in mortgage-backed securities. When homeowners defaulted on those high-risk mortgages, not only did they lose their homes, but huge investment banks like Bear Stearns and Lehman Brothers teetered on the verge of collapse.
Despite relatively stagnant population growth in recent years, Maine has reported better economic growth than most states. From the first quarter in 2015 through the first quarter in 2020, Maine's annualized GDP growth rate was 1.7%. The increase in economic output was driven in part by rapid growth in the state's mining, quarrying, and gas extraction industry, as well as management and information. Even before the coronavirus hit American shores, economic conditions in Utah were far stronger than they were in most of the country. From the first quarter in 2015 through the first quarter in 2020, Utah's economy grew at an annual rate of 3.4%, compared to the 1.9% national GDP growth rate. A healthier economy and still-hot inflation will give the Fed reason to remove accommodation.

And housing prices by the widely used FHFA measure are up 27% from the prepandemic level, while owners’ equivalent rent is up just 5.2%. We may see elevated readings for the CPI over the next year as the CPI for shelter catches up with housing prices. CPI inflation first accelerated in March 2021, although the March increase was mainly due to higher energy costs.
Ag And Food Sectors And The Economy
While S&P has obtained information from sources it believes to be reliable, S&P does not perform an audit and undertakes no duty of due diligence or independent verification of any information it receives. Rating-related united economy may be published for a variety of reasons that are not necessarily dependent on action by rating committees, including, but not limited to, the publication of a periodic update on a credit rating and related analyses. S&P and any third-party providers, as well as their directors, officers, shareholders, employees or agents (collectively S&P Parties) do not guarantee the accuracy, completeness, timeliness or availability of the Content. S&P Parties are not responsible for any errors or omissions , regardless of the cause, for the results obtained from the use of the Content, or for the security or maintenance of any data input by the user. Indeed, even the January "weekender" shutdown during former President Donald Trump's Administration wasn't without costs. The most recent 35-day shutdown from fourth-quarter 2018 through first-quarter 2019 was so severe that it cut GDP by 0.1% and 0.2%, respectively, according to a January 2019 analysis from the nonpartisan Congressional Budget Office.
🐴 💩 A ridiculous lie!

California's economy is the largest in the United States, boasting a $3.2 TRILLION gross state product in 2019. If California were it's own nation, it would rank as the world's fifth largest economy. pic.twitter.com/7xAdw3f3ui
— SO MUCH WINNING!✊🏽 (@rzrbladecupcake) December 24, 2021
The United States is ranked 3rd among 32 countries in the Americas region, and its overall score is above the regional and world averages. U.S. federal effective tax rates by income percentile and component as projected for 2014 by the Tax Policy Center. Taxation in the United States is a complex system which may involve payment to at least four different levels of government and many methods of taxation. American attitudes about regulation changed substantially during the final three decades of the 20th century. Beginning in the 1970s, policy makers grew increasingly convinced that economic regulation protected companies at the expense of consumers in industries such as airlines and trucking.
Still, members of the North Dakota labor force are more likely to have a job than those in almost any other state. The state has consistently had one of the lowest unemployment rates over the past five years, and even in June of 2020, after the pandemic hit, North Dakota's 6.1% unemployment rate was lower than all but three other states. Due in large part to COVID-19, there are about 200,000 fewer people working in Wisconsin now than there were a year ago.
Almost 40% Of Unemployed Americans Have Been Out Of Work For More Than Six And A Half Months
The bottom 25% of families had a median net worth of zero, while the 25th to 50th percentile had a median net worth of $40,000. Job growth by US president, measured as cumulative percentage change from month after inauguration to end of term. The economic history of the United States began with British settlements along the Eastern seaboard in the 17th and 18th centuries. These 13 colonies gained independence from the British Empire in the late 18th century and quickly grew from colonial economies towards an economy focused on agriculture.
The Commonwealth Fund estimated in May 2018 that the number of uninsured increased by four million from early 2016 to early 2018. The stimulus package introduced by the Obama administration in 2009 included USD 288 billion in tax cuts and incentives. Maryland has the best economy of any state on the East Coast or in the South, and the fifth best economy nationwide. People enjoy lunch at Grand Central Market as indoor dining reopens in Los Angeles on March 15. Biden proposed $1.9 trillion in new coronavirus relief spending to help with the economic fallout of COVID-19.
Almost two thirds stayed in an emergency shelter or transitional housing program and the other third were living on the street, in an abandoned building, or another place not meant for human habitation. About 1.56 million people, or about 0.5% of the U.S. population, used an emergency shelter or a transitional housing program between October 1, 2008, and September 30, 2009. In 2005, median personal income for those over the age of 18 ranged from $3,317 for an unemployed, married Asian American female to $55,935 for a full-time, year-round employed Asian American male.
The Deloitte forecast continues to assume that the current inflation is “transitory” in the sense that it will dissipate over time. Companies are already finding ways around many of their supply chain problems, as evidenced by the fact that factory utilization is increasing in most industries . And our forecast of declining demand for consumer durables suggests that the need for expanded production will gradually decline, reducing the bottlenecks that are currently frustrating producers and leading to higher prices. Our forecast shows inflation remaining at around 3.5% in 2022 before falling back to the 2% range. This explanation makes some sense, but there are reasons to doubt that it is the whole story or, perhaps, even a major part of the story. The last of these benefits ended in September, however, and labor force participation has remained surprisingly low.
The Economic Impact Of Coronavirus In The U S And Possible Economic Policy Responses
Given its role in global commodity markets (the US is both the world’s largest gas and oil consumer and producer), changes in US growth prospects can affect global commodity prices. This affects activity, fiscal and balance of payment developments in commodity exporters. Financial market developments in the US may have even wider global implications. US bond and equity markets are the largest and most liquid in the world and the US dollar is the currency mostly widely used in trade and financial transactions. This makes US monetary policy and investor confidence important drivers of global financial conditions (Arteta et al. 2015, IMF2015). Other countries tend to be in the same business cycle phase as the US roughly 80% of the time (Figure 1.B).
The world's economic output will exceed $100 trillion for the first time next year and it will take China a little longer than previously thought to overtake the United States as the No.1 economy, a report showed on Sunday.#rahemanzildaily #Economy #GDP #WorldEconomy #US #China pic.twitter.com/djrRmDutgt
— Daily Rahemanzil (@rahemanzildaily) December 26, 2021
This theme of continued, albeit slowed, growth is one I believe we’ll see at the upcoming Federal Reserve Meeting as they establish monetary policy. Notably, Fed officialshave already indicatedthat the central bank could start its taper – reducing its massive asset purchases that began as a key stimulus at the beginning of the pandemic – before the end of the year. The U.S. agriculture sector extends beyond the farm business to include a range of farm-related industries. Americans' expenditures on food amount to 13 percent of household budgets on average. Among Federal Government outlays on farm and food programs, nutrition assistance far outpaces other programs. The average price of US goods and services surged in April, leading some to worry the economy is beginning to experience dangerously high levels of inflation.
Third, it provides banking services to other banks, the U.S. government, and foreign banks. At its meeting on 14–15 December, the Federal Open Market Committee decided to hold the target range for the federal funds rate at its effective floor of 0.00%–0.25%, which was widely expected by market analysts. More 80% of total imports brought to the United States from abroad are goods. Roughly 15% of these imports are in the form crude oil, fuel oil and petroleum products. Industrial machinery, supplies and equipment represent another 15% of imported goods.

Among Democrats and Democratic leaners, the vast majority (86%) say the system unfairly favors powerful interests, while only 12% say the system is fair. Economic inequality has increasingly become a part of the U.S. national political conversation. We conducted this study to further understand how Americans feel about this issue and how those views differ by partisanship and by key demographic variables – particularly income. These findings are part of a larger Pew Research Center survey on economic inequality.
What is Donald Trump's net worth? Donald Trump's real net worth? $2.5 billion, according to our most recent tally, conducted in September 2021.

Faced with such large swings in demand, it’s not surprising that businesses have had trouble calibrating their operations and, in many cases, finding key supplies. The broad shift from services to goods has been particularly difficult, since it’s often much harder to ramp up goods production quickly than it is to ramp up production in services industries. Billion too much on financial services per year, and that the sector needs to shrink by 20%. A study by the Bank for International Settlements reached similar conclusions, saying the finance industry impedes economic growth and research and development based industries. In addition to the components in the index, we considered additional state data. Real GDP and contributions to real GDP growth by industry came from the BEA.
U.S. Economy in a Snapshot is a monthly presentation designed to give you a quick and accessible look at developments in the economy. Our economists engage in scholarly research and policy-oriented analysis on a wide range of important issues. Track how COVID-19 is spreading in the US, plus key indicators for pandemic recovery. Trade is an important part of the American economy and a key driver of many industries.
Read More: https://twitter.com/rzrbladecupcake/status/1474451319331037191?ref_src=twsrc%5Etfw