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The State of the American Economy

By Department of Commerce

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Book Id: WPLBN0000702658
Format Type: PDF eBook
File Size: 668.41 KB.
Reproduction Date: 2000
Full Text

Title: The State of the American Economy  
Author: Department of Commerce
Volume:
Language: English
Subject: Government publications, Department of Commerce and Labor Document, Commerce.
Collections: Department of Commerce Collection
Historic
Publication Date:
Publisher: Government Printing Office

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Commerce, E. O. (n.d.). The State of the American Economy. Retrieved from http://hawaiilibrary.net/


Excerpt
Excerpt: The State of the American Economy ? The Case for Optimism Today, the U.S. economy is strong and getting stronger. After experiencing a series of significant shocks during the previous years ? recession, dot-com collapse and stock market meltdown, terrorist attacks, and corporate malfeasance: Over the past 3 quarters, Real GDP has grown at the fastest pace in nearly 20 years. The consensus outlook among economists is for continued growth. Job creation is moving into full gear. The economy has posted steady job gains for each of the last ten months ? creating more than 1.5 million new jobs since August. Inflation remains low by historical standards, with the core CPI (Consumer Price Index) and the core finished-goods PPI (Producer Price Index) both rising only 1.7 percent over the last 12 months. Interest rates remain near historic lows.

 

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