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

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cepal.bibLevelDocumento Completo
cepal.docTypeDocumentos de proyectos e investigación
cepal.jobNumberS1700422_en
cepal.regionalOfficeWashington
cepal.sdg8
cepal.sdg1
cepal.sdg17
cepal.topicEngMACROECONOMICS
cepal.topicEngECONOMIC INDICATORS AND PROJECTIONS
cepal.topicEngINTERNATIONAL COOPERATION
cepal.topicEngFINANCIAL AND MONETARY SECTOR
cepal.topicSpaINDICADORES ECONÓMICOS Y PROYECCIONES
cepal.topicSpaCOOPERACIÓN INTERNACIONAL
cepal.topicSpaMACROECONOMÍA
cepal.topicSpaSECTOR FINANCIERO Y MONETARIO
cepal.workareaEngECONOMIC DEVELOPMENT
cepal.workareaSpaDESARROLLO ECONÓMICO
dc.contributor.entityNU. CEPAL. Oficina de Washington
dc.coverage.spatialEngUNITED STATES
dc.coverage.spatialSpaESTADOS UNIDOS
dc.date.accessioned2017-05-05T15:35:12Z
dc.date.available2017-05-05T15:35:12Z
dc.date.issued2017-04
dc.description.abstractThe 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.
dc.formatTexto
dc.format.extent36 páginas.
dc.format.mimetypeapplication/pdf
dc.identifier.unSymbolLC/WAS/TS.2017/1
dc.identifier.urihttps://hdl.handle.net/11362/41329
dc.language.isoeng
dc.physicalDescription36 p.
dc.publisherECLAC
dc.publisher.placeWashington, D.C.
dc.rights.coarDisponible
dc.subject.unbisEngECONOMIC CONDITIONS
dc.subject.unbisEngECONOMIC GROWTH
dc.subject.unbisEngEMPLOYMENT
dc.subject.unbisEngINFLATION
dc.subject.unbisEngFISCAL POLICY
dc.subject.unbisEngMONETARY POLICY
dc.subject.unbisEngINTERNATIONAL TRADE
dc.subject.unbisEngMANUFACTURES
dc.subject.unbisEngECONOMIC INDICATORS
dc.subject.unbisSpaCONDICIONES ECONOMICAS
dc.subject.unbisSpaCRECIMIENTO ECONOMICO
dc.subject.unbisSpaEMPLEO
dc.subject.unbisSpaINFLACION
dc.subject.unbisSpaPOLITICA FISCAL
dc.subject.unbisSpaPOLITICA MONETARIA
dc.subject.unbisSpaCOMERCIO INTERNACIONAL
dc.subject.unbisSpaPRODUCTOS MANUFACTURADOS
dc.subject.unbisSpaINDICADORES ECONOMICOS
dc.titleU.S. Economic Outlook: Seven years of steady but tepid growth
dc.type.coarlibro
dspace.entity.typePublication
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