Economics In USA | Article Reviews

Article 1

Today, the problem of the unemployment tends to become a less serious issue that it used to be shortly after the economic recession of 2008, because currently the unemployment rates falls down substantially. At this point, it is possible to refer to the article US Unemployment Falls to the Lowest Level Since May 2008 by V. Stilwell (2015), where the author uncovers the consistent decline of the unemployment rate in recent months and, more specifically, in may, when the unemployment rate has declined due to the creation of new jobs in May.

In fact, the author reveals the fact the unemployment has dropped to 5.4% from 5.5% in May, 2015. The decline has allowed reaching the lowest level of unemployment since 2008. At the same time, the author also reveals the raise of payments of the US employees. In addition, the author places emphasis on the full employment as one of the major concerns of the Fed at the moment. Stilwell points out that the US economy has almost reached that goal and attained the low unemployment level.

The author relies on Bloomberg survey’s findings mainly in her findings to show current changes in the unemployment rate. The findings made by the author also match government official reports concerning the reduction of the unemployment rate. The low unemployment rate definitely implies the consistent improvement of the economic situation in the US. The consistent reduction of the unemployment rate means that the US economy is growing and it has already passed the decline stage after 2008. This is why the US economy is likely to grow in the future, although the author is not very optimistic because of the uncertainty about the stable growth since the reduction of the unemployment rate is unstable.

Article 2

The development of the US economy is growing but the overall growth of the US economy this year is uncertain. At any rate, the IMF forecast is far from being optimistic, as the article IMF Cuts US Growth Forecast and Fires Rate Rise Warning by H. Stewart (2015). The author of the article refers to the recent IMF report, which forecasts the US GDP growth 2.5% compared to formerly estimated 3.1% and 3% in 2016 compared to formerly estimated 3.1%.

The IMF is uncertain about the growth of the US economy and GDP because of the unstable situation in the labor market and the US economy at large. In this regard, the IMF is particularly concerned with the possible rise of the interest rate by the Fed. The Fed really plans to raise the interest rate that is likely to slow down the economy growth, according to the IMF forecast. This is why the IMF recommends the Fed to delay the rise of the interest rate until the next year. In such a way, the Fed can avoid the negative effects of this step and keep the US economy growing at the faster pace. In addition, the IMF is concerned about the risk of job cuts, which may occur in the US this year.

In such a way, the article refers to the IMF report and forecasts to show the current situation in the US economy, which is growing but the growth of the US GDP may be slower compared to previous forecasts. The author does not simply reveals causes of possible slowdown, such as possible job cuts and rise of the interest rate by the Fed, but also provides specific recommendations how to keep the US economy and GDP growing.

 

Works Cited:

Stewart, H. IMF Cuts US Growth Forecast and Fires Rate Rise Warning, The Guardian, 2015. Retrieved from http://www.theguardian.com/business/2015/jun/04/imf-cuts-us-growth-forecast-interest-rate-warning

Stilwell, V. US Unemployment Falls to the Lowest Level Since May 2008.  Bloomberg Business, 2015. Retrieved from http://www.bloomberg.com/news/articles/2015-05-08/payrolls-in-u-s-rose-223-000-in-april-unemployment-falls

The terms offer and acceptance. (2016, May 17). Retrieved from

[Accessed: November 27, 2021]

"The terms offer and acceptance." freeessays.club, 17 May 2016.

[Accessed: November 27, 2021]

freeessays.club (2016) The terms offer and acceptance [Online].
Available at:

[Accessed: November 27, 2021]

"The terms offer and acceptance." freeessays.club, 17 May 2016

[Accessed: November 27, 2021]

"The terms offer and acceptance." freeessays.club, 17 May 2016

[Accessed: November 27, 2021]

"The terms offer and acceptance." freeessays.club, 17 May 2016

[Accessed: November 27, 2021]

"The terms offer and acceptance." freeessays.club, 17 May 2016

[Accessed: November 27, 2021]
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