Question

(1) find a newspaper article that describes the current state of the US economy.

(2) write a 250 word essay using one of the terms such as inflation, unemployment, interest rates, and real GDP to indicate the current condition of the US economy.

Answer 1

1. The latest and hot topic in news papers about US economy is "US-China trade talk".
  Senior U.S. exchange authorities will meet their Chinese partners in Shanghai one week from now, the White House said Wednesday, to restart bureau level talks that have slowed down for quite a long time. Notwithstanding the new scene - in China's budgetary focus, Shanghai, rather than the capital, Beijing - examiners rushed to reject the probability of real leaps forward. The two-day talks start Tuesday, as indicated by Treasury Secretary Steven Mnuchin, who will go to alongside U.S. Exchange Representative Robert Lighthizer. Bad habit Premier Liu He drives the Chinese side.
2.
Unemployment: The US economy kept on flourishing in April, with the joblessness rate dropping to 3.6 percent—the least joblessness rate since December 1969, as indicated by the Bureau of Labor Statistics' (BLS) family unit overview. April likewise denotes the fourteenth successive month of the joblessness rate being at or underneath 4 percent. The quickly developing economy keeps on profiting a wide scope of statistic gatherings. The joblessness rate for grown-up ladies (20+) achieved 3.1 percent in April, its most minimal rate since 1953. The joblessness rate for Hispanics tumbled to 4.2 percent—the most minimal rate since the arrangement started in 1973. The joblessness rate for people with just a secondary school degree tumbled to 3.5 percent—coordinating the least rate since 2000. The joblessness rate for those with an inability tumbled to 6.3 percent in April—the most reduced rate since the arrangement started in 2008. Furthermore, the joblessness rate for veterans tumbled to 2.3 percent—the most reduced rate since the arrangement started in 2000. A different study from BLS, the Employment Situation Report, indicated absolute nonfarm finance work in April ascended by 263,000 occupations, far outperforming market desires (190,000). Altogether, the economy has included over 5.8 million employments since President Donald J. Trump was chosen. The period of April proceeded with the longest dash of development on record. Over the uplifting news about employment development, the report shows that wages are rising, as well. Ostensible normal hourly income in April ascended by 3.2 percent in the course of recent months, denoting the ninth straight month that year-over-year pay increases were at or over 3 percent. Preceding 2018, ostensible normal time-based compensation additions had not achieved 3 percent since April 2009. Considering, there is more proof that genuine wages are additionally developing. In view of the latest Personal Consumption Expenditures (PCE) value list information from March, expansion in the previous year was 1.5 percent, and, in light of the latest Consumer Price Index (CPI-U) value information from March, swelling in the previous year was 1.9 percent. This offers proof that genuine wages are rising, and individuals can buy more merchandise and enterprises with their bigger checks.