Blog – Economic and Fiscal Scorecard – The United States – December 2021 and November 2021 The USA show a strong GDP growth for 2021. The USA healthcare system continues to face many challenges. Wage growth hit the highest growth in decades. High inflation and the cost of housing are big concerns for Americans. Business automation continues to be a key focus areas for both the private and public Sectors. 1. USA GDP - https://www.piie.com/blogs/realtime-economic-issues-watch/us-economy-grew-faster-expected-2021-pandemic-transformed-its 2. Stock market - https://www.marketwatch.com/story/here-are-the-good-things-rbc-sees-in-the-u-s-stock-market-following-januarys-selloff-11643660195 3. Overworked - https://20somethingfinance.com/american-hours-worked-productivity-vacation/ 4. Productivity - https://www.forbes.com/sites/forbestechcouncil/2022/01/25/fixed-broadband-network-performance-key-to-us-productivity/?sh=7f8f8526333c 5. Wages - https://www.piie.com/blogs/realtime-economic-issues-watch/us-wages-grew-fastest-pace-decades-2021-prices-grew-even-more 6. Fab production - https://www.fierceelectronics.com/electronics/chip-fabs-are-coming-us-will-there-be-enough-skilled-workers 7. Critical metals - https://ca.proactiveinvestors.com/companies/news/972757/australian-strategic-materials-well-funded-to-advance-critical-metals-asset-in-nsw-and-south-korean-value-add-972757.html 8. Circular and green economy - https://www2.deloitte.com/global/en/pages/energy-and-resources/articles/reshaping-traditional-value-chains.html 9. Food costs - https://www.kwtx.com/2022/01/31/grocery-store-prices-continue-rise-amid-inflation-supply-chain-issues/ 10. Housing - https://www.fox5atlanta.com/money/homeownership-prices-rise-affordability-falls 11. Healthcare - https://www.fox5atlanta.com/money/homeownership-prices-rise-affordability-falls 12. Automation - https://www.protocol.com/enterprise/google-cloud-automation-anywhere-rpa 13. Business trends - https://www.protocol.com/enterprise/google-cloud-automation-anywhere-rpa 14. RPA - https://enterprisersproject.com/article/2022/1/4-robotic-process-automation-rpa-trends-watch-2022

1. KEY PERFORMANCE
INDICATORS FOR THE
UNITED STATES –
DECEMBER 2021 AND
NOVEMBER 2021
Paul Young CPA CGA
February 1, 2022

2. PAUL YOUNG - BIO
• CPA, CGA (1996)
• Academia (PF1, FA4, FN2, MU1. and MS2)
• SME – Customer Success Management
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Emerging Technology
• SME – Business Process Change
• SME – Financial Solutions
• SME – Macro/Micro Indicators
• SME – Supply Chain Management
• SME – Data, AI, Security, and Platform
• SME – Internal Controls and Auditing
Contact information email: Paul_Young_CGA@hotmail.com
LinkedIn: https://www.linkedin.com/in/paul-young-055632b/
SlideShare - https://www.slideshare.net/paulyoungcga
Twitter: https://twitter.com/paulyoungcpa
Youtube - https://www.youtube.com/user/youngercga1968/videos

3. AGENDA
• KPI (Macro and Micro Indicators – February 2021 and January 2021
• USA GDP
• Analysis of Durable Goods
• Retail Sales / USA
• CPI – Inflation
• USA Employment – February 2021
• Merchandise Trade / January 2021
• Stock Market – February 2021
• Wage Growth Analysis / January 2021
• Housing Market – USA
• Fiscal Update / CBO
• USA Border / Texas

4. KEY MACRO AND MICRO INDICATORS
FOR THE UNITED STATES

5. DECEMBER 2021 – GDP USA GDP - 4th
Qtr.pdf

6. USA GDP
Source - https://www.bea.gov/news/2021/gross-domestic-product-state-4th-
quarter-2020-and-annual-2020-preliminary

7. USA GDP
Source -
https://www.bea.gov/n
ews/2021/gross-
domestic-product-
state-4th-quarter-
2020-and-annual-
2020-preliminary

8. DURABLE GOODS / KEY AREAS – USA
Durable Goods - USA
- December 2021.pdf
Bottom Line: Although capital investment took a breather at the end of last year, a separate report showed business
equipment rebounded 0.8% a.r. in Q4 following a 2.3% decline in the prior quarter. But, with rates set to rise as the
Federal Reserve readies for liftoff, we could see a cap in equipment spending this year.
Source - https://economics.bmo.com/en/publications/detail/e0297758-a7d5-451f-a0ab-596088ff5cbd/ and
https://www.slideshare.net/paulyoungcga/durable-goods-and-capital-spending-usa-and-the-world-december-2021

9. USA VS CANADA – RETAIL SALES
BMO -
https://economics.bmo.com/en/publications/detail/44936144-
24f9-42ac-a484-8f634cc09ad0/
Source -
https://economics.bmo.com/en/public
ations/detail/d2a6fa3d-77cd-4e1a-
a640-aa69e3f84a34/
U.S. Retail Sales
December Grinch-like.pdf
BMO_Retail Sales -
Canada - November 2021.pdf

10. BMO – CONSUMER PRICE INDEX
Source -
https://economics.bmo.com/en/publications/detail/7e1858b3-
48b6-4a28-b92b-8319e871ad62/
U.S. Consumer
Inflation 'Entrenched'.pdf
Source -
https://economics.bmo.com/en/publications/detail/
c816a0fa-23b2-427e-9d49-cd8a52355809/

11. USA VS CANADA EMPLOYMENT
Employment_202112_
Canada.pdf
U.S. Payrolls Poor
Packaging But Nice Gift.pdf

12. NET NEW JOBS – UNITED STATES
Source - https://www.bls.gov/news.release/empsit.nr0.htm#
PRESENTATION TITLE 12
USA employment.pdf

13. TRADE ANALYSIS
- USA
https://www.census.gov/for
eign-trade/data/index.html
USA Trade.pdf

14. TRADE ANALYSIS - USA
Source - https://www.census.gov/foreign-trade/data/index.html

15. PRESENTATION TITLE 15
Summary:
Stocks surged into the close reversing earlier losses on Friday as investors took in earnings results from some major tech
companies and another hot print on inflation at the end of another volatile week.
The S&P 500 closed up 2.4%, posting a weekly advance and ending a three-week losing streak. The the Dow ended
higher by 1.65%, and Nasdaq gained 3%.
Technology stocks led the way higher as Apple (AAPL) jumped after the iPhone-maker reported record quarterly sales
and better-than-expected profits despite supply chain challenges. Meanwhile, Robinhood (HOOD) shares shook off
overnight losses to trade higher after the trading platform missed on quarterly revenue, posted a larger-than-expected
quarterly decline in users, and offered disappointing guidance.
Source - https://ca.finance.yahoo.com/news/stock-market-news-live-updates-january-28-2022-231329863.html
1. Stock Market - https://www.investors.com/market-trend/stock-market-today/dow-jones-futures-market-rally-steps-up-as-apple-
leads-but-be-wary-5-key-earnings/
2. Commodity - https://capital.com/commodity-supercycle-explained
3. Geopolitical risks - https://www.eurasiagroup.net/issues/top-risks-2022
4. Income inequality - https://www.advisor.ca/news/economic/income-inequality-improved-to-record-low-in-q3/
5. GDP Growth - https://insurancenewsnet.com/oarticle/gdp-growth-in-2021-signals-a-strong-economic-recovery
6. Housing - https://www.stuff.co.nz/life-style/homed/real-estate/127530138/new-zealands-runaway-housing-market-not-unique-
globally
7. Pensions - https://www.pionline.com/industry-voices/commentary-what-could-mandatory-temperature-alignment-mean-uk-
pension-funds
8. Insurance - https://www.insurancebusinessmag.com/au/news/breaking-news/allianz-boss-lifts-lid-on-risk-barometer-323651.aspx
9. ESG - https://www.wealthprofessional.ca/news/industry-news/canadas-biggest-public-companies-are-lagging-on-esg-
reporting/363539
10. Consumer spending - https://ca.finance.yahoo.com/news/u-consumer-spending-drops-inflation-135649366.html
Blog – Stock Market – W/E – January 28, 2022
globalweekahead202
20128.pdf
weekly-economic-wat
ch_20222801.pdf
BottomLine_20220128
.pdf
CFIB Small Business
Barometer (January 2022).pdf
Stock Equity - WE -
January 28 2022.pdf
WestpacWeekly20220
131.pdf
Commentary What
could mandatory temperature alignment mean for U.K. pension funds Pensions & Investments.pdf
Allianz boss lifts lid
on Risk Barometer Insurance Business Australia.pdf
Canada's biggest
public companies are lagging on ESG reporting Wealth Professional.pdf
U.S. Consumer
Spending Drops With Inflation Hitting 40-Year High.pdf
Stock market news
live updates Stock gains accelerate into the close S&P 500 adds 2.4%.pdf
Dow Jones Futures
Market Rally Steps Up As Apple Leads, But Be Wary; 5 Key Earnings Investor's Business Daily.pdf
What is a commodity
supercycle and are we in one right now .pdf
Eurasia Group Top
Risks 2022.pdf
Income inequality
improved to record low in Q3 Advisor's Edge.pdf
GDP Growth In 2021
Signals A Strong Economic Recovery - InsuranceNewsNet.pdf
New Zealand's
runaway housing market not unique globally Stuff.co.nz.pdf
Summary:
Stocks surged into the close reversing earlier losses on Friday as investors took in earnings
results from some major tech companies and another hot print on inflation at the end of another
volatile week.
The S&P 500 closed up 2.4%, posting a weekly advance and ending a three-week losing streak.
The the Dow ended higher by 1.65%, and Nasdaq gained 3%.
Technology stocks led the way higher as Apple (AAPL) jumped after the iPhone-maker reported
record quarterly sales and better-than-expected profits despite supply chain challenges.
Meanwhile, Robinhood (HOOD) shares shook off overnight losses to trade higher after the
trading platform missed on quarterly revenue, posted a larger-than-expected quarterly decline in
users, and offered disappointing guidance.
Source - https://ca.finance.yahoo.com/news/stock-market-news-live-updates-january-28-2022-
231329863.html
1. Stock Market - https://www.investors.com/market-trend/stock-market-today/dow-jones-
futures-market-rally-steps-up-as-apple-leads-but-be-wary-5-key-earnings/
2. Commodity - https://capital.com/commodity-supercycle-explained
3. Geopolitical risks - https://www.eurasiagroup.net/issues/top-risks-2022
4. Income inequality - https://www.advisor.ca/news/economic/income-inequality-improved-to-
record-low-in-q3/

16. CANADA AND STOCK MARKET
PRESENTATION TITLE 16
Stock Equity - WE -
January 28 2022.pdf

17. UNITED STATES – STOCK MARKET
PRESENTATION TITLE 17
Stock Equity - WE -
January 28 2022.pdf

18. STOCK MARKET – NOVEMBER 26, 2021
Blog – Stock Market – WE – November 26, 2021 - https://www.slideshare.net/paulyoungcga/what-is-up-with-stock-
marklet-november-26-2021
U.S. stocks plunged on Friday, with global markets rattled by a new coronavirus variant discovered in South Africa, which
fanned concerns that new growth-crushing lockdowns could be imposed if the variant spreads widely.
Source - https://ca.finance.yahoo.com/news/stock-market-news-live-updates-november-26-2021-125443465.html

19. HOUSING / UNITED STATES
https://fred.stlouisfed.org/series/MSPUS

20. CBO REPORT – BUDGET – UNITED
STATES – YTD DECEMBER 2021
Congress Budget
Office - CBO - Fiscal.pdf

21. USA BORDER
Source - https://www.cbp.gov/newsroom/stats/cbp-enforcement-
statistics
Source -
https://www.cbp.gov/newsroom/stats/southw
est-land-border-encounters

22. WHAT’S NEXT
• Ability of the United States along with other countries to roll out vaccinations as part of re-opening their
economy will be key over the next few months - https://www.slideshare.net/paulyoungcga/geopolitical-events-
vaccines-distribution-canada-march-20-2021
• All levels of government need to ensure their crisis/risk management reports are audited every year as part of
safeguarding assets from geopolitical events - https://www.slideshare.net/paulyoungcga/why-there-needs-to-
be-audited-reports-of-crisis-emergency-management-policies-and-procedures
• United States like many countries needs to review its policies related to the circular economy -
https://www.slideshare.net/paulyoungcga/how-to-maximized-the-circular-economy-244067365
• Aligning education with jobs of today and tomorrow will be key to supporting short-term and long-term
economic growth - https://www.slideshare.net/paulyoungcga/human-capital-management-skills-development-
analysis-and-commentary-february-2021
• Reforming global trade through modernization of WTO will be key part of reducing protectionism policies -
https://www.slideshare.net/paulyoungcga/merchandise-trade-usa-january-2021
• There needs to be global discussion on how best to reform both domestic and the global economy -
https://www.slideshare.net/paulyoungcga/what-is-next-for-the-global-economy-march-2021

23. OTHER
SOURCES
• If you like to learn more
about trade and/or other
subjects as part of your
professional learning and,
development then feel free
to review my material on
https://www.udemy.com/
(search Paul Young CPA CGA

24. OTHER SOURCES
• You can additional information on USA via my SlideShare account -
https://www.slideshare.net/paulyoungcga