Economic Report of the President 2020
Title | Economic Report of the President 2020 PDF eBook |
Author | Council of Economic Advisors |
Publisher | |
Total Pages | 440 |
Release | 2020-10-28 |
Genre | |
ISBN |
Three years into the Trump Administration, the U.S. economy continues to outperform expectations across numerous metrics, with growth in output, employment, and employee compensation all exceeding pre-2017 forecasts. The evident success of the Administration's economic policy agenda demonstrates that its foundational policy pillars are enabling the U.S. economy to overcome structural trends that were previously suppressing growth. During the four quarters of 2019, real gross domestic product grew 0.7 percentage point faster than had been projected by the independent Congressional Budget Office's (CBO) August 2016 projections. As shown in figures I-1 and I-2, the U.S. labor market added 2.1 million new jobs-2.0 million more than projected in 2016-bringing the civilian unemployment rate down to 3.5 percent, which is its lowest level since 1969 (and 1.4 percentage points below 2016 CBO projections).1 Higher pay accompanied abundant job vacancies, as employee compensation rose to 1.4 percent above the 2016 forecast, implying an additional $1,800 in compensation per household. In July 2019, the current expansion of the U.S. economy became the longest on record. Contrary to expectations that the expansion would slow as it matured, economic output has accelerated over the past 3 years relative to the preceding 71/2 years, with output growth rising from 2.2 to 2.5 percent at a compound annual rate. In the first three quarters of 2019, U.S. economic growth was the highest among the Group of Seven countries.
Economic Report of the President 2020
Title | Economic Report of the President 2020 PDF eBook |
Author | Executive Office of the President |
Publisher | Bernan Press |
Total Pages | 710 |
Release | 2020-04-30 |
Genre | Political Science |
ISBN | 9781641434591 |
The Economic Report of the President provides valuable information about the present state of the U.S. economy and its future course. For more than 60 years, the Economic Report has provided a nearly contemporaneous record of how administrations have interpreted economic developments, motivated policies, and the results of those interventions.
Economic Report of the President 2020
Title | Economic Report of the President 2020 PDF eBook |
Author | Executive Office Of The President |
Publisher | Claitor's Pub Division |
Total Pages | 440 |
Release | 2020-02 |
Genre | Political Science |
ISBN | 9781598049329 |
Economic Report of the President 2019
Title | Economic Report of the President 2019 PDF eBook |
Author | Executive Office of the President |
Publisher | Economic Report of the President |
Total Pages | 0 |
Release | 2019-03-22 |
Genre | United States |
ISBN | 9781598049114 |
Economic Report of the President
Title | Economic Report of the President PDF eBook |
Author | Bernan Press |
Publisher | Bernan Press |
Total Pages | 422 |
Release | 2009 |
Genre | Business & Economics |
ISBN | 9781601757784 |
Economic Report of the President Together with the Annual Report of the Council of Economic Advisers
Title | Economic Report of the President Together with the Annual Report of the Council of Economic Advisers PDF eBook |
Author | United States. President |
Publisher | |
Total Pages | 435 |
Release | 2020 |
Genre | United States |
ISBN | 9780160953996 |
Economic Report of the President 2007
Title | Economic Report of the President 2007 PDF eBook |
Author | Executive Office of the President |
Publisher | Economic Report of the Preside |
Total Pages | 0 |
Release | 2007-02 |
Genre | Business & Economics |
ISBN | 9781598043495 |