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1. According to the Federal Reserve, what is the current condition of labor market in the...

1. According to the Federal Reserve, what is the current condition of labor market in the US? What does their report say about unemployment and employment?

2. What is happening with inflation in the US?

3. What is happening with consumption spending?

4. What is happening with investment spending?

5. Based on all your answers above, is the US economy in a recession or an expansion, currently? Explain your answer.
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Answer #1

1. The unemployment rate is 3.6% while the employment rate is 60%. Unemployment rate is at all time low while employment rate is also high compared to other years.

2. The inflation rate is 1.8%. The inflation is in control.

3. 13345.594 is the current consumer spending. It has been increasing over the years. This forms the largest component of the GDP.

4.$3.39 trillion is the current investment spending in the US. The investments have been slow.

5. The US economy is in expansion currently. This can be attributed to increase in consumption which is because of lesser unemployment.

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