The Bureau of Labor Statistics in the U.S. Department of Labor issued an employment report last week indicating U.S. employers added 243,000 jobs in February and average hourly pay posted the largest annual increase in 4-1/2 years. The monthly report showed the unemployment rate at 4.7 %.
Is this good news for the economy? Describe how fiscal policy(taxes and government spending) has played a role in stimulating the economy over the last 3 years.
The Bureau of Labor Statistics in the U.S. Department of Labor issued an employment report last week.?mortgage loan
Fiscal policy=
1. increase/decrease in taxes both for consumers and businesses. Were there new incentives for business that the government offered?
2. Government spending- subsidies, infrastructure spending, etc.. that will help businesses grow- and therefore increase jobs. War also creates jobs.
3. Interst rates (although monetary, not fiscal)- they were so low (which is expansionary) and corporations could borrow more at a low interst rate- that creates incentives to invest and build, and therefore create jobs.
One thing to check is the 243,000 jobs- check whether that%26#039;s non farm only- you want to make sure it%26#039;s the services and manufacturing sectors.
The conservative administration is focused on helping industry (business) and they have created many incentives to boost growth.
Check the bureau of labor statistics
No comments:
Post a Comment