Current State of the Economy Conduct internet research, (sources must be documented using MLA format), and write a brief analysis of the current status of the U.S. economy. Include current values and trends for at least three of the following indicators: GDP Productivity Inflation Unemployment rate CPI Balance of Payments and/or Trade With a Trump Presidency claiming to boost the economy for the last couple of years, how are we as a country doing? We are currently undergoing an economic expansion that has been steady for the last nine years. The last quarter of 2017 hosted an increase of 2.9 percent and 2.2 percent in the first quarter of 2018. These GDPs are currently at an ideal rate, showing that the United States is doing well in growth. This healthy GDP not only expresses higher incomes for citizens, but also that the citizens are spending money. As citizens continue to flush the economy with their money, jobs are also on the rise. The unemployment rate is a major indicator of how any economy in the world is fairing. According to the Bureau of Labor Statistics, the unemployment rate is at 3.8 percent. This is the lowest unemployment rate in almost two decades. This is a major reduction since the Obama administration, which went to a 10 percent unemployment rate in October of 2009. Over the last year and a half, there has been a steady downward trend in unemployment, indicating well with the GDP that our economy is undergoing a major expansion. Jobs are up, people are spending money, and citizens are taking in higher wages. But how is inflation doing? Inflation has rose 2.8 percent over the last 12 months. The worth of the dollar is decreasing, while the prices are increasing. While a 2.8 percent inflation isn’t too bad, it is a borderline number that needs to be watched. Overall, the United States economy is looking well going halfway into 2018. With Trump’s tariffs on the way to try and boost U.S. manufacturing and jobs, it will be interesting to see how everything plays out. Bibliography “U.S. Bureau of Labor Statistics.” U.S. Bureau of Labor Statistics, U.S. Bureau of Labor Statistics, 17 June 2018, www.bls.gov/. US Department of Commerce, et al. “Bureau of Economic Analysis.” U.S. Bureau of Economic Analysis (BEA), www.bea.gov/newsreleases/glance.htm.