What would you like to buy in 2020? Political Promises or Performance
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Americans are going to 2020 Presidential Election on Nov 3, 2020. It is considered an historical election. Truly so. It is a choice between political promises of a career politician who has been in politics for 47 years and performance of a businessman turned politician who has been in politics for 4 years.
What concerns most the middle class Americans? Jobs. Jobs, Jobs!
The Natural Rate of Unemployment in USA has been 5%- 5.5%. The natural rate of unemployment (NAIRU) is the rate of unemployment arising from all sources except fluctuations in aggregate demand. In simple words, the natural rate of unemployment signifies the rate of unemployment with which the economy is considered in the state of full employment, because a certain per cent of working age Americans would not like to take up employment for whatever reason.
Let’s take a look at select data points of rate of unemployment in USA.
September 2009 | 10% |
September 2016 | 5% |
September 2019 | 4% |
September 2020 | 7.9% |
Source: U.S. Bureau of Labor Statistics; fred.stlouisfed.org
This above data highlight as follows:
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