United States Economy
The Economy of the United States



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3/13/13/ - President Obama: There Is NO Debt Crisis

national debt


U.S. Debt to GPP Ratio
Will Surpass Greece's "2009 Danger Level"



Gross Domestic Product(GDP) is the Nation's Brodest Measure of the Nation's Economic Heath



The Unemployment Rate

Current Unemployment USA - After October 2014 is 5.8%

Current Unemployment USA - After September 2014 is 5.9%

Current Unemployment USA - After August 2014 is 6.1%

Current Unemployment USA - After July 2014 is 6.2%

Current Unemployment USA - After June 2014 is 6.1%

Current Unemployment USA - After May 2014 is 6.3%

Current Unemployment USA - After April 2014 is 6.3%

Current Unemployment USA - After March 2014 is 6.7%

Current Unemployment USA - After February 2014 is 6.7%

Current Unemployment USA - After January 2014 is 6.6%

Current Unemployment USA - After December 2013 is 6.7%

Current Unemployment USA - After November 2013 is 7.0%

Current Unemployment USA - After October 2013 is 7.3%

Current Unemployment USA - After September 2013 is 7.2%

Current Unemployment USA - After August 2013 is 7.3%

Current Unemployment USA - After July 2013 is 7.4%

Current Unemployment USA - After June 2013 is 7.6%

Current Unemployment USA - After May 2013 is 7.6%

Current Unemployment USA - After April 2013 is 7.5%

Current Unemployment USA - After March 2013 is 7.6%

Current Unemployment USA - After February 2013 is 7.7%

Current Unemployment USA - After January 2013 is 7.9%

Current Unemployment USA - After December 2012 is 7.8%

Current Unemployment USA - After November 2012 is 7.7%

Current Unemployment USA - After October 2012 is 7.9%

Current Unemployment USA - After September 2012 is 7.8%

Current Unemployment USA - After July 2012 is 8.3%

Current Unemployment USA - After July 2012 is 8.3%

Current Unemployment USA - After June 2012 is 8.2%

Current Unemployment USA - After May 2012 is 8.2%

Current Unemployment USA - After April 2012 is 8.1%

Povided by the Bureau of Labor Statistics


Soaring Gasoline Prices

National Average Price Powered by Automotive.com


Government Waste


Entitlement Programs




Putting Our Youth to Work (16 to 24 year-olds)

Posted by Fred Kirkpatrick
September 26, 2012

50% of College Graduates Can't Find Jobs


In 2007, the U.S. Bureau of labor Statistics reported that the youth employment rates were the lowest in more than 60 years.
Now the unemployment rate for 16-24 year-olds stands at 16.5 perecent, for Latino youth, the rate is 20.5 percent, and for African-American youth, 30.2 percent. And tuition at public colleges and universities has soared, in part due to sharp reductions in state aid.

..... Innovation - Find new ways to build the work force such as how the launch of the Space Program did in the 1960's by creating new industies
..... Invest in job creation research - High Tech jobs are hard to fill so invest in needed education:
..... Invest in research and development into areas such as Alternative Fuels to Gasonline
..... Draw international companies to build in America for High Value Added goods because:
We are a huge market and Manufacturing in the U.S. is highly efficient
..... A different road to work - Bypassing College Dreams -
College-prep kids in Charlotte are opting for an alternative route: European-style apprenticeships. Siemens Energy Inc, are making a big investment in Charlotte youth to help Siemens meet its rapidly growing need for highly trained workers. This arrangement is rare in U.S. manufacturing, but the practice is well-established in Europe. Siemens has 725 apprentices at its base in Germany.


Posted by Fred Kirkpatrick
September 26, 2012

Nanotechnology - Albany, NY's Nanotech Industry is Exploding!

Nanotechnology - "It is material,processes on a very small scale. Ten to the negative-nine meters, which is even smaller and a strand of hair." Albany's University of Albany's nanotech complex is the place to be if you want to learn anything about the nanotechnology field. The reason: The quality of nanotechnology education offered and was the first school to focus entirely on bringing the study of the engineering and science fields of nanotechnology together.

The University of Albany's nanotech complex is part of a major push by the semiconductor industry to develop the next generation of computer chip manufacturing. It is this technology that can improve battery life and functioning in cell phones, transportation, and manufacturing. The average job for those in this nanotechnology field earn $92,000 a year.

Commercial Ship Building in the United States

Posted by Fred Kirkpatrick
September 27, 2012

The U.S. shipbuilding industry designs and builds sophisticated military vessels, yet remains uncompetitive in the commercial shipbuilding market. The major yards are unable to compete internationally due to industrial policies, and greater efficiency and lower labor rates in other countries. The U.S. shipbuilding industry represents just 1 percent of the world market for ocean-going commercial vessials, a substantial portion of which is due to the Jones Act. This legislation requires that all vessels operating between U.S. ports be U.S. owned, U.S. operated and U.S. built. Today, the U.S. is the largest economy in the world, yet America's standing as a commercial sea power has been in decline since the mid-twentieth century. The U.S. is 97 percent reliant on foreign ships to transport its imports and exports. America has gone from the number one ship building nation in the world to ranking below many small nations even though the U.S. invented most of the world's modern ship building techniques that is now the backbone of the oceangoing world trade.

U.S. shipbuilding yards must find ways to re-enter the market for commercial ships. The U.S. needs a fleet of modern ships and modern commercial shipyards because it is essential to the nation's economic security and viability.

Tourism in the United States

Posted by Fred Kirkpatrick
September 29, 2012

In 2011, there were 983 million international tourists arrivals, with a growth of 4.6% as compared to 2010. Tourism brings in large amounts of income in payments for goods and services available, accounting fo er 30% of the world's exports of services, and 6% of overall exports of goods and services. Also creates opportunities in employment in the service sector for: airlines, cruise ships, taxicabs, hotels and resorts, amusement parks, casinos, shopping malls, music venues, and theatres.

There has been an up-trend over the last few years, especially in Europe. Also more opportunites in China,Brazil, and India, because of a thriving and growing middle-class that wants to see the world. This is a great opportunity for the U.S. and its related sectors.

Infrastructure Spending Builds American Jobs
Roads, bridges, water lines, sewer pipes, communication networks, power grids, railways, seaports, and airports.

Posted by Fred Kirkpatrick
October 5, 2012

Many bridges, sewers, wastewater facilities, and other infrastructure were built in the United Staes during the suburban expansion of the 1950s thru 1970s. They were not built to last longer than 50 years. The American Society of Civil Engineers in 2009, concluded that it would take $2.2 trillion to repair and restore America's aging existing infrastructure.

Public infrastructure investment is currently at 2.4% of GDP, half of what it was 50 years ago. Investing in critical infrastructure projects will help create thousands of good-paying jobs across the United States.

With high unemployment, especially in the construcion industry, and a crumbling national infrastructure, now is the time for a jobs plan that includes serious investment in transportation and infrastructure.

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Information Architect: Fred Kirkpatrick