MAEC project TR01 group 2 by Nabonggy Ng https://padlet.com/joleenngng/vjwfn4k971zi en-us 2017-05-19 06:47:40 UTC 2018-11-14 08:43:49 UTC hello@padlet.com Group members: joleenngng https://padlet.com/joleenngng/vjwfn4k971zi/wish/172736823 Eddy, Justin, Joleen, Linhui, Crystal]]> 2017-05-19 06:52:38 UTC https://padlet.com/joleenngng/vjwfn4k971zi/wish/172736823 Main topics of the USA economy joleenngng https://padlet.com/joleenngng/vjwfn4k971zi/wish/172737224 - GDP
- Unemployment
- Inflation]]> 2017-05-19 06:55:17 UTC https://padlet.com/joleenngng/vjwfn4k971zi/wish/172737224 GDP justinchiaweijun https://padlet.com/joleenngng/vjwfn4k971zi/wish/172769509 2017-05-19 10:30:31 UTC https://padlet.com/joleenngng/vjwfn4k971zi/wish/172769509 Inflation cryzlolly143 https://padlet.com/joleenngng/vjwfn4k971zi/wish/172769619 2017-05-19 10:31:27 UTC https://padlet.com/joleenngng/vjwfn4k971zi/wish/172769619 Inflation rate justinchiaweijun https://padlet.com/joleenngng/vjwfn4k971zi/wish/172771156
  • 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%
    • ]]>     2017-05-19 10:44:28 UTC https://padlet.com/joleenngng/vjwfn4k971zi/wish/172771156     Unemployment cryzlolly143 https://padlet.com/joleenngng/vjwfn4k971zi/wish/172771172 2017-05-19 10:44:41 UTC https://padlet.com/joleenngng/vjwfn4k971zi/wish/172771172 USA Monthly Inflation Rate justinchiaweijun https://padlet.com/joleenngng/vjwfn4k971zi/wish/172771441 Last (Apr/17):  2.20
    Previous:     2.4%
    Highest: 23.7%
    Lowest: -15.8%]]>     2017-05-19 10:47:23 UTC https://padlet.com/joleenngng/vjwfn4k971zi/wish/172771441     Preliminary Analysis on Unemployment Rate linhuiiii https://padlet.com/joleenngng/vjwfn4k971zi/wish/172771575 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 .]]>     2017-05-19 10:48:49 UTC https://padlet.com/joleenngng/vjwfn4k971zi/wish/172771575     Preliminary Analysis on Inflation Rate justinchiaweijun https://padlet.com/joleenngng/vjwfn4k971zi/wish/172772593 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

    ]]>     2017-05-19 10:57:25 UTC https://padlet.com/joleenngng/vjwfn4k971zi/wish/172772593     GDP eddygoh19 https://padlet.com/joleenngng/vjwfn4k971zi/wish/172772638   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.]]>     2017-05-19 10:57:49 UTC https://padlet.com/joleenngng/vjwfn4k971zi/wish/172772638     GDP joleenngng https://padlet.com/joleenngng/vjwfn4k971zi/wish/172773101 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. 


    ]]>     2017-05-19 11:01:59 UTC https://padlet.com/joleenngng/vjwfn4k971zi/wish/172773101     Statistics on Unemployment linhuiiii https://padlet.com/joleenngng/vjwfn4k971zi/wish/172773420 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]]>     2017-05-19 11:05:04 UTC https://padlet.com/joleenngng/vjwfn4k971zi/wish/172773420     Inflation cryzlolly143 https://padlet.com/joleenngng/vjwfn4k971zi/wish/172775592 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. 

    ]]>     2017-05-19 11:25:10 UTC https://padlet.com/joleenngng/vjwfn4k971zi/wish/172775592     NAJ1 https://padlet.com/joleenngng/vjwfn4k971zi/wish/173039475 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. ]]> 2017-05-22 02:20:44 UTC https://padlet.com/joleenngng/vjwfn4k971zi/wish/173039475 Dear Students NAJ1 https://padlet.com/joleenngng/vjwfn4k971zi/wish/304169636 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

    ]]>     2018-11-14 08:40:55 UTC https://padlet.com/joleenngng/vjwfn4k971zi/wish/304169636