Higher Rock Education - Economics Blog

State of The Economy - August 2021

Wednesday, September 15, 2021

Grasp the state of the US economy by reviewing four graphs and documents. Included are the BEA's real gross domestic product estimate, and its Personal Income and Outlays. The Bureau of Labor Statistics Employment Situation and Inflation reports are also reviewed. A summary and analysis is also provided. More

State of the Economy - July 2021

Wednesday, August 11, 2021

The US economy is gaining momentum, but the Delta variant of the coronavirus threatens the recovery. Real gross domestic product now exceeds pre-pandemic levels. Having been confined for over a year, people are spending more time outside their homes, traveling, dining out, and buying apparel. Their spending has spurred demand to a point where suppliers cannot deliver many products promptly. The shortages have propelled prices and wages higher, particularly in the leisure and hospitality industries. Read our summary of vital statistics and analysis to learn more about the US economy’s progress and where it is heading. More

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