Saturday, November 14, 2015

The Real State of the Economy at the end of 2015; Facts and Figures


  1. Inflation Adjustment, comparing the last five years[1]

    In 2015 $1.00 has the same buying power as $0.99 in 2014
    In 2015 $1.00 has the same buying power as $0.98 in 2013
    In 2015 $1.00 has the same buying power as $0.96 in 2012
    In 2015 $1.00 has the same buying power as $0.95 in 2011
    In 2015 $1.00 has the same buying power as $0.92 in 2010

    Inflation has remained low this year.  The inflation rate is part of what determines currency stability.

  2. US Population, comparing the last five years[2]
    2015: 322 million
    2014: 320 million
    2013: 317 million
    2012: 315 million
    2011: 313 million
    2010: 311 million

    Population increase is slow and constant, currently sustainable.

  3. Labor force participation rate (age 16+ people currently working, and actively seeking work), comparing the last five years[3]
    2015: 62% (200 million)
    2014: 63% (201 million)
    2013: 63% (199 million)
    2012: 64% (201 million)
    2011: 64% (200 million)
    2010: 64% (199 million)

    Continuing to decrease, and is alarmingly low.

  4. Unemployment rate (of the labor force participation rate, that is how the government calculates it), comparing the last five years[4]
    2015: 5% (10 million)
    2014: 6% (12 million)
    2013: 6% (12 million)
    2012: 8% (16 million)
    2011: 8% (16 million)
    2010: 9% (18 million)

  5. Real Unemployment, comparing the last five years using numbers from above.
    2015: 322 - 200 + 10 = 132 million not working : 41% real unemployment
    2014: 320 - 201 + 12 = 131 million not working : 41% real unemployment
    2013: 317 - 199 + 12 = 130 million not working : 41% real unemployment
    2012: 315 - 201 + 16 = 130 million not working : 41% real unemployment
    2011: 313 - 200 + 16 = 129 million not working : 41% real unemployment
    2010: 311 - 199 + 18 = 130 million not working : 42 % real unemployment

    Numbers may be within plus or minus 2% margin of error as I cannot determine the percentage of the US population that is under the age of 16.

  6. Median Household Income, comparing the last five years, adjusted for inflation[5]
    2015: number not available yet
    2014: $53,657
    2013: $53,105
    2012: $52,970
    2011: $53,162
    2010: $54,343

    Wages seem to remain in the same range.

  7. GDP, comparing the last five years, adjusted for inflation, in billions[6]
    2015: number not available yet
    2014: 17,348.1
    2013: 16,663.2
    2012: 16,155.3
    2011: 15,517.9
    2010: 14,964.4

    Low growth over the last five years.

  8. Conclusion

    US Economy seems stable, but growth is stagnant.

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