2. THEORIES OF MACROECONOMICS
It Usually Relates To The Phenomenon Of –
• Inflation
• Unemployment
• Output- relates to the amount of everything a country produces
in a given period of time.
5. Unemployment
• US unemployment rate fell to 4.6 percent in
November 2016 from 4.9 percent in the previous
month and well below market expectations of 4.9
percent.
• It was the lowest jobless rate since August 2007, as
the number of unemployed persons declined by 387
thousand to 7.4 million while the labour force
participation rate decreased by 0.1 percentage point to
62.7 percent.
7. LABOUR FORCE PARTICIPATION
• Labour Force Participation Rate in the United States
decreased to 62.70 percent in November from 62.80
percent in October of 2016.
• Labour Force Participation Rate in the United States
averaged 63 percent from 1950 until 2016, reaching
an all time high of 67.30 percent in January of 2000
and a record low of 58.10 percent in December of
1954.
10. Inflation
Consumer prices in the United States increased by 1.7 percent year-on
year in November 2016, following a 1.6 percent rise in October and in
line with market expectations. It was the highest inflation rate since
October 2014, mainly boosted by higher energy cost while food price
continued to fall.
13. CURRENCY AND CENTRAL BANK
• The U.S. dollar has been regarded as one of
the more stable currencies in the world.
• Almost two-thirds of currency reserves held
around the world are held in US dollars .
15. INTERNATIONAL TRADE
• There is a large amount of U.S. dollars in circulation all around
the planet; about 60% of funds used in international trade are
U.S. dollars.
• The United States had a $231 billion surplus on trade in
services, and $703 billion deficit on trade in goods in 2013.
• China has expanded its foreign exchange reserves, which
included $1.6 trillion of U.S. securities as of 2013.
• In 2010, the ten largest trading partners of the U.S. were
Canada, China, Mexico, Japan, Germany, the United Kingdom,
South Korea, France, Taiwan, and Brazil.
Currency and Central Bank.
• The U.S. dollar is the currency most used in international
transactions.