United States Economy Today

United States economy today-If we see the stats of the economy of the USA we easily see that the inflation impact on the US economy is very worse and the pressure on consumer purchasing power is badly hurt. In this scenario, it is very difficult to uplift the inflation-affected economy.

The burden on consumer markets is also hurt very badly. The financial performance of us economy is very poor. As a result, the production of goods and services is affected badly and the unemployment rate is increasing day by day. The performance of us markets is very poor and the businesses are very slow performance.

The stockmarket of New York

The New york stock exchange is located in new york and it is the world biggest stock market in the world. If we talk about the annual trading in the Newyork stock exchange, we see that the total trading in the New York stock exchange is $30 trillion annually.

This trading figure is the largest figure in any world’s stock exchange. If we talk about the daily trading in the New York stock exchange the total daily trading is approx. $170 billion in 2015. The New York stock exchange building is iconic and historical in the United States. All major US private companies are listed on the New York Stock Exchange.

US economic recovery

After Covid 19 pandemic the economy of the united states is in the process of fast recovery. Nowadays job opportunities are rising very fast because all major businesses are open after the pandemic. The average growth rate of the USA is rising very fast.

Healthcare sector of USA economy

The healthcare department is the biggest economic sector in the USA economy. The health sector of the USA creates approx. 3 million jobs for USA citizens and contribute billions of dollars annually.

If we see the stats of the last 10 years of the healthcare sector, we see that the healthcare sector produces 20% job growth which is very fast growth compared to any other US economic sector.

US economic observers predict that job growth in the health sector is rising by 19% in the year 2022. Additionally, the no of healthcare students is also rising fast. The overall income level of healthcare sector workers is also increased.

The technology sector of the United States

The tech sector in the United States is a very big economic sector in the united states. United States tech companies earn billions of dollars annually and boost the economy of the united states.

The growth rate of employment in tech industries, the growth rate is 11% in the year 2022. This employment growth rate is a very fast growth rate in any other US economic sector. In recent years big data, cloud computing, and information security sectors is growing very fast.

The construction sector of the United States

The construction sector of the USA is the big economic sector in the United States economy. According to the economic department of statistics, the average growth rate of the United States construction sector is 5% annually in the year 2022. The major reason for the growth rate in construction is the growing population.

When the population rate is growing the construction sector is also growing very fast. The United States construction sector is $1.5 trillion in the year 2020.

The retail sector in the United States

The retail sector of the united states contributes 6% to the United States’ overall GDP. The retail sector provides 10% of jobs for the people of the united states.

If we see the states of the retail sector of the united states we see that the retail sector provide 52 million jobs in the year 2020. Some reports say that the annual growth rate of the united states retail sector is around 4% annually in the year 2020.

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