Essay on Job Growth in the United States - 645 Words

The article I selected for my economics project is an intriguing article; which primarily focuses on job growth in the United States. The article is titled â€Å"Job Growth Quickens, But Don’t Expect Fast Fed Taper†. This particular piece was written by Andrea Riquier. The article was written earlier this month on December 6th, 2013 and was published on the website Investors.com. The article discusses job growth in the United States, and how in the recent weeks, the percentage of jobless Americans has actually improved slightly. The article reports that the jobless rate from October to December has dropped from 7.3% to a now 7%. A 7% jobless rate happens to also be a 5-year low for our nation. According to the article, because of the†¦show more content†¦This term is relevant to the article because job growth could potentially lead to a higher consumer confidence. The article reports, â€Å"auto sales are robust†, which indicates an increased con sumer confidence because people are purchasing cars. Cars are expensive and if auto sales are indeed robust, then that is a fairly positive sign for the economy and a strong indication of where consumer confidence is at this given time. Additionally, the article reports that manufacturing growth is at a 2- ½ year high and that home sales are rebounding. With job growth, it only makes sense that there is manufacturing growth going on as well. Manufacturing growth measures if companies are constructing products and the rate at which they are constructing those products. If manufacturing growth is increasing, then that means more products are being released to consumers, which could lead to a healthier economy. The results of manufacturing growth may lead to a healthier economy because since consumer confidence is booming, and companies are increasing their output of products, consumers will most likely purchase products and the result will be a healthier economy. Manufact uring growth and consumer confidence are two economic terms that when involved with each other, can create a very positive result. According to the article, because of the fact that the unemployment rate has aShow MoreRelatedTrade Deficit Grows As Strong Dollar Hurts Exports1280 Words   |  6 PagesTrade Deficit grows as strong Dollar hurts Exports. According to this article â€Å" trade deficit grows as strong Dollar hurts exports† found on the New York Times’ website, the United States trade deficit grew moderately in May of 2015, as reported by commerce department during the week of July 2015. This reflects the decline in sales of American-made Aircraft and Machinery as exports continuously suffer from the strong Dollar. 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