Economic Policy Essay - 1071 Words

The health of the United States economy has been on an unsteady road ever since 2008 when the economy collapsed, but over time it has adjusted itself to be set in the right direction. The recession, when the housing bubble popped, caused a huge dip in the GDP, a shockingly high unemployment rate, and a mess of a country, and it has taken years to recover itself to the place where it is today. 9 years later, GDP and inflation is back on track and the unemployment is lower than it has been in years. First, America needs to look at the trends in real net domestic product and real GDP. Second, unemployment rate should be analyzed and understood what patterns it has taken to get there. Lastly, Trump’s new ideas should be evaluated and applied†¦show more content†¦With Trump’s plan, the GDP is set to be in a good place and the country’s health could improve itself. Unemployment is a phenomenon that occurs when a person who is actively searching for employment but is unable to find work. In recent months, there has been a debate has appeared asking if the U.S. unemployment rate is indicating the economy has reached or nearing reaching full employment. That is a reasonable question considering the unemployment rate has reached an all-time low of 4.4%, and it has not been that low for years (FRED),. A reason for the lower percentage is that â€Å"employers added 211,000 jobs in April as the unemployment rate ticked down to 4.4 percent, the lowest level since May 2007† (Worstall). Unemployment is one of the sectors of the overall economy that is still lagging with regards to other sectors. It also appears that some businesses may been hiring more and willing to take more people in to employ. It is important to note that while the unemployment rate is still existing, it is surely creeping down. The low unemployment will help with the GDP because more goods and services will be stimulated with all the new workers being eager to work. The last main thing that helps drive the economy is inflation, which for the first time in years America may not need to worry about it for the first time. â€Å"In the second half of the year, we think there’s going to be some headwindsShow MoreRelatedEconomic Policy Essay706 Words   |  3 Pages Due to the large scale recession that happened a while ago, policymakers have been trying to come up with the best policies to improve economic conditions in the United States. Because of this, they have stated that the U.S. will no longer import goods or services from other countries and will instead focus on exports that employ American workers. Furthermore, all products will bear the stamp stating, â€Å"Made in the U.S†. The issue of trading is obviously something that policymakers need to thinkRead More Economic Policy Essay1579 Words   |  7 Pages Economic Policy in Recent U.S. History In the highly materialistic world that we live in, success is generally measured in financial terms. 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