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Good choice of a country.
Do more research to find out the implication on all three economic indicators in view of the current trade war between China and the USA. Once it is done, you may start writing your report.

Regards
Josh Nathan

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Great Articles. You are in the right track for your analysis. You may start writing your report. Predict what would be the economic trend given the political instability and turmoil currently faced by the Trump Administration.

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In April 2017, consumer prices in America increased 2.2 percent, lower than market expectations of 2.3 percent. Year-on year, energy prices rose 9.3 percent, lower than 10.9 percent in March. Transportation services prices rose 3.1 percent, lower than 3.8 percent in March and medical care prices rose 3.1 percent, lower than 3.4 percent in March. The inflation rate was consistent for shelter at 3.5 percent and food at 0.5 percent.

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In February, US added 219,000 jobs. In March, US added 98,000 jobs.
This shows that hiring slowed down in March as compared to February.

US currently has an unemployment rate of 4.5%.

Wages were 2.7% higher in March as compared to last year when wages were only growing about 2% for much of the recovery.

Trump campaigned on bringing back US manufacturing jobs and added 37,000 jobs in his first two full months in office.

US has lost 39,000 retail jobs in March alone and Retailers have shed 89,000 jobs since October

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Ever since President Trump took over, the investments from other businesses has dropped drastically. "0.7 percent annual growth rate for the period is far below the 2.5 percent pace in President Barack Obama’s final three months in office" - this shows that growth rate has decreased a lot, affecting the country's revenue. A drop in the annual income growth rate can cause nominal GDP to drop as well.

Foreign investments play a huge role in the economic growth as they contribute to the net exports and imports from other countries.

it was also said that "businesses invested at a healthy pace — but that was not enough.."
GDP includes expenditure by businesses, in the form of investments. Through this, it is shown that there was little or no help of investments with the economic growth, hence contributed to the drop in nominal GDP.

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America was facing recession
. They are facing a 0.7% growth rate in economy in comparison to the 2.5% growth  rate during President Obama's final three months.

The GDP of the country is facing a recession, however, the economy of the country will start to recover slowly, with a "U" shape recovery. This is mainly due to the decrease in unemployment, which will help to make the country prosper again as more citizens will be working, which increases efficiency and more income for America.
The white house believe that the drop in the growth rate is due to the season, (which cannot be verified as the president works in the white house) therefore we cannot conclude the future of America's economy under Trump just based off his first quarter.

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A falling rate of inflation means that prices will be rising at a slower rates.
During the fall in inflation rate, this will be harmful and lead to higher levels of unemployment, causing many people in the US to be jobless

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Preliminary Analysis on Unemployment Rate

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Preliminary Analysis on Unemployment Rate

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Even though unemployment rate has hit a new low of 4.5%, the hiring slowed drastically in month of march as compared to month of February.

Most of the job openings come from the medical and manufacturing sector.These jobs tend to have good pay and benefits.

On the other hand, the weak spot in economy now is retail. This might be due to the fact that online shopping is becoming increasingly popular, thus causing traditional stores to close down due to lack of business which in turn leads to more jobs being removed from the retail sector.

Regarding the paychecks, generally wages are increasing for supervisors and higher-ups while the workers themselves rarely get a pay raise.

In conclusion, for the USA's economy, their unemployment rate is on a decreasing trend meaning more people are getting employed and there are lesser people being unemployed. USA currently has a unemployment rate of 4.5% which is close to full employment .

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Last (Apr/17):  2.20
Previous: 2.4%
Highest: 23.7%
Lowest: -15.8%

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The U.S. unemployment rate dropped to 4.5%, the lowest level since May 2007.

However, hiring slowed substantially in March, President Trump's second full month in office. America only added 98,000 jobs, according to the Labor Department.

It's a disappointment, given the U.S. added 219,000 jobs in February and averaged 187,000 new jobs a month last year. But economists are already calling it a one month "blip." It's common to see a weak month of hiring at some point during the winter. Most experts expect job growth to pick up again soon.

CNN wants to know: Did you get a new job lately?

"We still believe the U.S. labor market is in a good place," says Sam Bullard, senior economist at Wells Fargo. "It will rebound."

Many other countries would love to have 4.5% unemployment. It's very low and shows the U.S. economy has mostly recovered to pre-crisis levels. In fact, it's at a level that most economists consider close to "full employment," when businesses find it hard to hire people.

Related: How many jobs has Trump created? Here's the Trump Jobs Tracker

Wages are rising, but mainly for the bosses

"No one should be obsessed with a single jobs report," says Megan Greene, chief economist at Manulife Mutual Funds. "The headline figure for this month was bad, but if you look at the three-month average, it's still around 180,000 jobs a month."

Workers are starting to get bigger raises as businesses want to keep their best workers happy. Wages were 2.7% higher in March compared to a year ago. For much of the recovery, wages were only growing about 2%.

But Greene says it's not all good news. Most of the wage gains are going to supervisors.

"The bosses are getting paid more, while the worker bees aren't," she says.

Related: Reality check: U.S. manufacturing jobs at 1940s levels

Where the jobs are

Hiring continues to be strong in health care and manufacturing. Trump campaigned on bringing back U.S. manufacturing jobs. So far, 37,000 jobs have been added in his first two full months in office. Those jobs tend to come with good paychecks and benefits.

CNNMoney recently profiled an older blue-collar worker in Pennsylvania named Joe who had struggled for years to find a job after the Great Recession. On March 1, he went full-time at Hoffmann Tool & Die, a machine shop outside Philadelphia.

"I definitely think the economy is getting better. We've been really swamped since the week before the election," Joe's boss, William Doucet, says. He's trying to hire more workers for his small factory.

The weak spot in the economy right now is retail. Many traditional stores are struggling to compete with Amazon . They are close stores and going bankrupt as they try to adjust. The U.S. lost 39,000 retail jobs in March alone. Retailers have shed 89,000 jobs since October.

CNNMoney (New York) First published April 7, 2017: 12:03 AM ET

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U.S. unemployment drops to 4.5%, lowest in decade

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However, hiring slowed substantially in March, President Trump's second full month in office. America only added 98,000 jobs, according to the Labor Department. It's a disappointment, given the U.S. added 219,000 jobs in February and averaged 187,000 new jobs a month last year. But economists are already calling it a one month "blip."

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US Inflation Rate Down To 2.4% In March

US Inflation Rate Rises To 2.7%, Highest Since March 2012

US Inflation Rate At Near 5-Year High Of 2.5%

US Inflation Rate at 2-1/2-Year High Of 2.1%

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United States Inflation Rate | 1914-2017 | Data | Chart | Calendar

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Consumer prices in the United States increased 2.2 percent year-on-year in April of 2017, lower than 2.4 percent in March and below market expectations of 2.3 percent. It is the lowest inflation rate so far this year due to a slowdown in energy, transport and health cost.

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The softness last quarter also provides crucial ammunition for the Trump administration's arguments that big tax cuts and regulatory rollbacks are necessary for the economy to grow the way it did in the 1980s and 1990s.

Tax cuts, regulatory relief, trade renegotiations and an unfettered energy sector are needed "to overcome the dismal economy inherited by the Trump administration," said Commerce Secretary Wilbur Ross. "Business and consumer sentiment is strong, but both must be released from the regulatory and tax shackles constraining economic growth."

The first-quarter fade is also sure to be noticed by the Federal Reserve as it contemplates whether to proceed with two more interest-rate increases planned for this year.

Federal Reserve policy makers are set to meet next week, and while there is little expectation that an interest-rate increase will be announced when the meeting ends on Wednesday, the latest economic reading could sway the Fed's outlook. The monthly report on job creation is due next Friday, and a strong showing could ease some of the concern over the lack of vigor in the first quarter.

The job market has proved remarkably resilient even as quarterly growth has wobbled, and the unemployment rate sank to 4.5 percent in March, the lowest in nearly a decade.

Those seeking encouraging news about the first quarter could find it in separate reports on Friday. The Labor Department said an index reflecting labor costs had its best showing in almost a decade, indicating that falling unemployment and faster hiring is translating into better wages - something notably absent in the recovery until recently.

Reaffirming its recent findings, the University of Michigan said its consumer sentiment index finished April with a decidedly bullish reading of 97, up from 87.2 just before the election.

The White House provided a statement saying the report on gross domestic product might have been influenced by seasonal factors, but "shows that we still have work to do to get the economic growth President Trump wants and expects."

And in an interview with Fox News on Friday, Mr. Trump said that, with better trade deals, the United States should be able to lift the rate of economic growth to 5 percent or more in a few years.

With personal consumption accounting for nearly 70 percent of all economic activity, however, the administration will be hard pressed to lift growth substantially if consumers remain cautious about opening their wallets.

Jason Furman, chairman of the Council of Economic Advisers under Mr. Obama, said he found the disconnect between findings of optimism and actual behavior puzzling, though he added, "It's possible it was a blip."

On the other hand, something more significant may be happening. The rising cost of necessities like health care, housing and education is crowding out discretionary spending for middle-class Americans, said Stephanie Pomboy, founder of MacroMavens, an independent economics consulting firm in New York.

And the tax cuts the administration is proposing are unlikely to reverse that trend, she added.

"Consumers aren't spending out of desire but out of obligation," she said. "And I believe that since the recession and the bursting of the housing bubble, the middle class wants to save. They don't want to get back into the position they were in after 2008."

She noted that although the Obama administration got temporary tax breaks through Congress as part of its stimulus package in 2009, tax credits and other incentives did not substantially increase consumer spending.

Ms. Pomboy was among the earliest voices warning that a burst of first-quarter momentum was unlikely, and she is similarly cautious about the rest of 2017. "There are a lot of moving parts to this report for the first quarter, but none suggest we should look for an acceleration in growth going forward," she said.

The initial weakness this year does follow a pattern of sluggish annual starts since the recovery began, when momentum has picked up in subsequent quarters.

When growth is measured year over year, rather than quarter over quarter, the latest data reveal a 1.9 percent annual growth rate, which is almost identical to the broader trend of the postrecession period.

Most economists on Wall Street are looking for a rebound over the rest of 2017, with growth rising to about 3 percent in the current quarter.

"We see ebbs and flows in consumer spending, and it's still on an upward trend," said Scott Anderson, chief economist at Bank of the West in San Francisco. Noting that consumption rose sharply in mid- to late 2016, Mr. Anderson suggested some payback was probably inevitable.

While he is more sanguine about the economy's prospects than Ms. Pomboy is, Mr. Anderson shares her skepticism about the impact White House policy will have.

"The reality, as we have seen in the first 100 days, is that it's a lot harder for the administration to achieve their policy goals and deal with Congress than they probably thought during the campaign," he said.

"Even if you are president of the United States, you have to deal with 535 individuals with different constituencies and agendas on Capitol Hill," Mr. Anderson said. "It's not like running a commercial real estate company where everyone has to march to the same drummer."

"I've never been a believer in the 'Trump bump' for this year," he added. "We're in the same economy we've been in all along."

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G.D.P. Report Shows U.S. Economy Off to Slow Start in 2017

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The softness last quarter also provides crucial ammunition for the Trump administration's arguments that big tax cuts and regulatory rollbacks are necessary for the economy to grow the way it did in the 1980s and 1990s. Tax cuts, regulatory relief, trade renegotiations and an unfettered energy sector are needed "to overcome the dismal economy inherited by the Trump administration," said Commerce Secretary Wilbur Ross.

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Eddy, Justin, Joleen, Linhui, Crystal

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- GDP
- Unemployment
- Inflation