Unemployment In America Essay

Ignoring the rough bumps the US has gone through in the past couple of months, the unemployment rate is at an all time low since 2000, the GDP has consistently increased and the CPI is in a safe zone. Aside all of the positives in today’s economy, the GDP still has a long way to go, and is still too low. Additionally, income inequality is ranked 41st-highest among 156 countries, meaning that the rich are much richer than the middle class, and that the poor and much poorer than the middle class. When looking at America as a whole, we are currently in a good state, but have a long way to go. If we keep up the trend and Trump fulfills the positive campaign promises as President, America could become a much better country economic wise. Trump’s campaign was run on the promise of bringing back jobs to America, and we can clearly see a drop in unemployment. Although we know of all the companies that have brought back jobs from overseas, such as GM and Carrier, we don’t know if those had that great of an impact on the unemployment rate, and if the rate’s drop was due to Trump’s policies. The gross domestic product in America has been on a consistent upward trend since 2010, currently having the highest nominal

The Federal Budget Deficit is expected to rise, creating bigger issues for the government with time. Also, Medicare and Medicaid is taking up the largest portion of our debt, but luckily is improving with time. On the topic of future Social Security coverage, the ratio of covered workers to retirees does not look positive. Over time, there will be fewer workers per retiree, meaning that our benefits will be less than those currently receiving them. So, the program currently will only pay approximately 75–78% of promised benefits for the remainder of the century. This is not good, but there is little that can be done about