Economics Research Paper Example | Topics and Well Written Essays - 250 words - 1

Economics - Research Paper ExampleA recession comprises of a period of densification downfall in the above variables that spans for more than a few months. The US is currently in the retrieval stage while a great number of states within the US are actually outlet through expansion. The US economy saw an increase in the annual point of GDP and the unemployment rate fell as thousands of jobs were created.However, despite the growth in GDP, the job growth rate is slow. By the tertiary quarter of 2013, the real GDP rose by 4.1 percent showing promising signs (Bureau of Economic abridgment (BEA), 2013). While the revenues of American companies have also risen by a large fraction, they are wholly hiring carefully to fill positions strictly required by them thereby reducing costs in an unsettled external environment. Considering the historical trends from the NBER (2013) data, the US economy is experiencing an economic expansion and should be turning into a densification by the year 2014. Although the data presents a drop in the unemployment rates nevertheless the rate is windlessness high. Therefore, even if the US markets are doing well, a large number of Americans still remain unemployed. Thus, the forecasters are predicting a declining economy in