U.S. Economic Outlook: Seven years of steady but tepid growth

The U.S labor market is tight and is expected to return to full employment in 2017. However, productivity has risen less than 1% for six consecutive years. Sluggish productivity has implications for wage growth, which has been low by historical standards during this economic recovery. Wage growth se...

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Otros Autores:	NU. CEPAL. Oficina de Washington
Formato:	Texto
Lenguaje:	English
Publicado:	ECLAC 2017
Materias:	CONDICIONES ECONOMICAS CRECIMIENTO ECONOMICO EMPLEO INFLACION POLITICA FISCAL POLITICA MONETARIA COMERCIO INTERNACIONAL PRODUCTOS MANUFACTURADOS INDICADORES ECONOMICOS ECONOMIC CONDITIONS ECONOMIC GROWTH EMPLOYMENT INFLATION FISCAL POLICY MONETARY POLICY INTERNATIONAL TRADE MANUFACTURES ECONOMIC INDICATORS
Acceso en línea:	http://hdl.handle.net/11362/41329
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spelling	oai-11362-413292020-11-17T01:15:48Z U.S. Economic Outlook: Seven years of steady but tepid growth NU. CEPAL. Oficina de Washington CONDICIONES ECONOMICAS CRECIMIENTO ECONOMICO EMPLEO INFLACION POLITICA FISCAL POLITICA MONETARIA COMERCIO INTERNACIONAL PRODUCTOS MANUFACTURADOS INDICADORES ECONOMICOS ECONOMIC CONDITIONS ECONOMIC GROWTH EMPLOYMENT INFLATION FISCAL POLICY MONETARY POLICY INTERNATIONAL TRADE MANUFACTURES ECONOMIC INDICATORS The U.S labor market is tight and is expected to return to full employment in 2017. However, productivity has risen less than 1% for six consecutive years. Sluggish productivity has implications for wage growth, which has been low by historical standards during this economic recovery. Wage growth seems to be already picking up, though, as the economy continues to advance. Average hourly earnings for private-sector workers rose 2.9% in December 2016 from a year earlier. That was the strongest growth of the current expansion. Inflation has been low for the past four years. However, as the expansion advances, unemployment recedes and wage growth begins to accelerate, a four-year stretch of historically low inflation could be coming to an end. A cautious and highly accommodative monetary policy has supported the current economic expansion, but tightening is already under way. The Federal Reserve has increased interest rates by 25 basis points three times in this expansion: in December of 2015, December of 2016, and March 2017. 2017-05-05T15:35:12Z 2017-05-05T15:35:12Z 2017-04 Texto Documento Completo http://hdl.handle.net/11362/41329 LC/WAS/TS.2017/1 en .pdf application/pdf ESTADOS UNIDOS UNITED STATES ECLAC
institution	Cepal
collection	Cepal
language	English
topic	CONDICIONES ECONOMICAS CRECIMIENTO ECONOMICO EMPLEO INFLACION POLITICA FISCAL POLITICA MONETARIA COMERCIO INTERNACIONAL PRODUCTOS MANUFACTURADOS INDICADORES ECONOMICOS ECONOMIC CONDITIONS ECONOMIC GROWTH EMPLOYMENT INFLATION FISCAL POLICY MONETARY POLICY INTERNATIONAL TRADE MANUFACTURES ECONOMIC INDICATORS
spellingShingle	CONDICIONES ECONOMICAS CRECIMIENTO ECONOMICO EMPLEO INFLACION POLITICA FISCAL POLITICA MONETARIA COMERCIO INTERNACIONAL PRODUCTOS MANUFACTURADOS INDICADORES ECONOMICOS ECONOMIC CONDITIONS ECONOMIC GROWTH EMPLOYMENT INFLATION FISCAL POLICY MONETARY POLICY INTERNATIONAL TRADE MANUFACTURES ECONOMIC INDICATORS U.S. Economic Outlook: Seven years of steady but tepid growth
description	The U.S labor market is tight and is expected to return to full employment in 2017. However, productivity has risen less than 1% for six consecutive years. Sluggish productivity has implications for wage growth, which has been low by historical standards during this economic recovery. Wage growth seems to be already picking up, though, as the economy continues to advance. Average hourly earnings for private-sector workers rose 2.9% in December 2016 from a year earlier. That was the strongest growth of the current expansion. Inflation has been low for the past four years. However, as the expansion advances, unemployment recedes and wage growth begins to accelerate, a four-year stretch of historically low inflation could be coming to an end. A cautious and highly accommodative monetary policy has supported the current economic expansion, but tightening is already under way. The Federal Reserve has increased interest rates by 25 basis points three times in this expansion: in December of 2015, December of 2016, and March 2017.
author2	NU. CEPAL. Oficina de Washington
author_facet	NU. CEPAL. Oficina de Washington
format	Texto
title	U.S. Economic Outlook: Seven years of steady but tepid growth
title_short	U.S. Economic Outlook: Seven years of steady but tepid growth
title_full	U.S. Economic Outlook: Seven years of steady but tepid growth
title_fullStr	U.S. Economic Outlook: Seven years of steady but tepid growth
title_full_unstemmed	U.S. Economic Outlook: Seven years of steady but tepid growth
title_sort	u.s. economic outlook: seven years of steady but tepid growth
publisher	ECLAC
publishDate	2017
url	http://hdl.handle.net/11362/41329
_version_	1718440368727392256

U.S. Economic Outlook: Seven years of steady but tepid growth

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