Higher Rock Education - Economics Blog

State of The Economy - February 2019

Wednesday, March 06, 2019

2018 was a very prosperous year for most people living and working in the United States. Economic growth after adjusting for inflation accelerated in 2018, rising 2.9% from 2.7% in 2017. More people were added to payrolls (2.6 million) than in any year since 2015. Unemployment dropped to some of the lowest rates in 50 years. Wages increased more than inflation, meaning workers were better off. All of this despite being late into a business cycle, slowing global economies, a partial government shutdown, and difficult trade negotiations with China. What contributed to this remarkable prosperity? Will it continue into 2019? More

State of The Economy - January 2019

Friday, January 18, 2019

In 2018, economic growth surged in the US, unemployment fell to near record lows, without a significant jump in inflation. I confess to being surprised that inflation did not increase more. Normally when growth stretches beyond its full-employment output the economy becomes overheated and inflation follows. More

State of The Economy - December 2018

Tuesday, December 18, 2018

The US economy wishes you Happy Holidays! Consumers are optimistic about the future – which should help the economy maintain its health into 2019. It is likely that the US economy will exceed President Trump's goal of 3% growth in 2018. Unemployment is 3.7%. Worker compensation has increased more than the inflation rate, which means that most families are more prosperous than at the beginning of 2018. More

State of The Economy - November 2018

Thursday, November 15, 2018

The US economy remains healthy: growth is near a record pace, unemployment is very low, and inflation is tame. The rate of economic growth slowed from what most economists consider an unsustainable rate of 4.2% in the second quarter to a more sustainable rate of 3.5%. An analysis, with links to sources and graphs are included. More


1 2 3 4Next

© 2018 Higher Rock Education and Learning, Inc. All rights reserved. No portion of this site may be copied or distributed by any means, including electronic distribution without the express written consent of Higher Rock Education and Learning, Inc.