https://padlet.com/tayshania/y45lp417mbq5 Group members: ferlynn, Kenzie, angeline, cherrie, shania en-us 2017-05-18 20:19:34 UTC 2025-11-15 08:53:01 UTC hello@padlet.com tayshania https://padlet.com/tayshania/y45lp417mbq5/wish/172683049 "The U.S. economy grew at its slowest pace in three years during the first quarter of 2017 as consumer spending grew only slightly and inventory investments declined.
The US economy slowed dramatically in the first quarter of 2017, with GDP weakening and expanding by only 0.7 percent, down sharply from the 2.1 percent expansion seen in the fourth quarter of 2016. "


-The US economy slowed dramatically as American consumers controlled their spending and demand also slowed down in the first quarter. In addition, many manufacturing companies had tightened their process due to fluctuating global financial market conditions. Hence the number of goods produced decrease which led to a slow economic growth rate

http://overnewsmagazine.com/2017/04/30/united-states-economy-posts-slowest-growth-in-three-years/

]]> 2017-05-18 20:23:38 UTC https://padlet.com/tayshania/y45lp417mbq5/wish/172683049 tayshania https://padlet.com/tayshania/y45lp417mbq5/wish/172684896 "Both the unemployment rate, at 4.4 percent, and the number of unemployed persons, at 7.1 million, changed little in April. Over the year, the unemployment rate has declined by 0.6 percentage point, and the number of unemployed has fallen by 854,000.  The number of long-term unemployed (those jobless for 27 weeks or more) was essentially unchanged at 1.6 million in April and accounted for 22.6 percent of the unemployed.  "


-The unemployment rate in the United States was still high even when there was a drop in the unemployment rate. This was partly because there are more people looking for jobs in the economy, however, there are several problems faced for example, the firms who want to hire people to work but can't find the right person for the job. Or people who are looking for jobs but cant seem to find appropriate jobs that suits the skills that they have. Hence, these people remain unemployed as they lack the certain skills some jobs are looking for.

http://www.outsidethebeltway.com/april-jobs-report-bounces-back-from-march-doldrums/]]> 2017-05-18 20:38:48 UTC https://padlet.com/tayshania/y45lp417mbq5/wish/172684896 ferlynn2000 https://padlet.com/tayshania/y45lp417mbq5/wish/172740559 A rebound in U.S. consumer prices in April signals inflation is stabilizing, supporting the case for Federal Reserve policy makers to raise interest rates, Labor Department figures showed Friday
Consumer-price index increased 0.2% (matching forecast) following 0.3% decline the prior month
From a year earlier, prices were up 2.2% (forecast was 2.3%) after a 2.4% gain
Excluding food and energy, core prices rose 0.1% from the prior month after falling 0.1%, and were up 1.9% from a year earlier, the least since October 2015

Businesses are regaining some pricing power as household spending grows and improving global demand helps to stabilize commodity costs, adding to signs that inflation is on track to meet or possibly exceed the Fed’s goal in coming months. The central bank’s preferred gauge of inflation, a separate figure based on what consumers purchase, exceeded its 2 percent goal in February, though some Fed officials focus on the measure excluding food and energy, which remains below their target

-There was a drop in CPI for the first time this year in march, however the CPI rebounded on April. this shows that inflation rate is stabalized as increase of CPI means purchasing power increases.




https://www.bloomberg.com/news/articles/2017-05-12/rebound-in-u-s-consumer-prices-shows-inflation-stabilizing

]]> 2017-05-19 07:18:26 UTC https://padlet.com/tayshania/y45lp417mbq5/wish/172740559