The United States Economy And The Optimism Of The American...

The United States Economy and the Optimism of the American People The U.S. economy appears to be on track for a sustainable recovery from one of the biggest economic problems in history, the Great Recession. Unemployment and inflation are both down from where they had been and things have shifted towards recovery. Inflation is likely to remain in an acceptable zone, but policymakers must be vigilant concerning inflation expectations. Employment has recovered slowly but surely as well. Uncertainty/Fear appears to be growing among American, particularly with the unrest in the Middle East, but studies are showing that faith in economists (and the Fed leaders) among citizens is growing rapidly. Due to the uncertainty, flexibility is†¦show more content†¦Thanks to his efforts and those of many others, our economy is significantly stronger today and continues to improve. As mentioned, the U.S. economy has seen a positive shift in the last few years. According to Janet Yelle n (the Chairman of the Fed), the private sector has created 7.8 million jobs since the post-crisis low for employment in 2010. Additionally, housing seems to have turned a corner in which construction, home prices are all up significantly, and as I mentioned earlier, housing was a large sector that was impacted during the Great Recession and the loss was staggering (The U.S. Economy). Another area that we are seeing tremendous growth is within the auto industry. The auto industry has made an incredible comeback with domestic production and sales back to near pre Great Recession levels. Our economy today is showing the unemployment levels down from a peak of ten percent, and has reached the point of full employment once again. According to Jared Bernstein of the New York Times, Last month the national unemployment rate fell from 5.9 to 5.8 percent thus showing that we are back to full employment according to what I have been taught in class, though I am finding some dispute over what numbers should be considered full employment. Nevertheless, our economy is showing a real growth in helping fellow Americans get back to work. In addition to unemployment decreasing we are also seeing a decrease in inflation. AccordingShow MoreRelatedAmerica s Age Of Hope1541 Words   |  7 Pagesto 1989 was a period in the United States which spurred hope for the economy and in the spirits of the people. The 1980’s were a decade of the American people standing together in tragedy and rejoicing with each other in victory. In 1989, the fall of the Berlin Wall marked the end of the decade and an age of an oppression overseas. America cheered for the freedom of her brothers and sisters in Germany. 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