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MacroEconomy of USA 1) Economy 2) Population 3) HISTORICAL PLACES 4) MANUFACTURING PLAN: 1.The United States has one of the world’s wealthiest and most diversified economies, led by a highly productive services sector, advanced manufacturing, and world-class research and development. The 2020 pandemic throttled relatively solid economic growth that had been stimulated by tax cuts and a lightened regulatory burden. Unfortunately, unchecked deficit spending and unprecedentedly accommodative monetary policy not only continued, but also accelerated in 2020 and 2021. Meanwhile, racial tensions and bitter political polarization aggravated by the pandemic have deepened, especially since the 2020 presidential election. Since assuming office in 2021 with narrow control of both houses of Congress, President Joseph Biden has pursued a radical left agenda aimed at fundamentally transforming both the country and the economy. 2.Population Unlike China and India, the United States population is expected to continue to grow throughout the century with no foreseeable decline. By 2067, the U.S. population is expected to surpass 400 million people. The population of the US continues to grow today, driven by a high level of immigration. The latest data from the Census Bureau shows that US population growth is running at between 0.7% and 0.9% per year. A 2015 Census Bureau Report suggests that growth will slow somewhat, and projects a 2060 population of 417 million, with the country crossing the 400 million threshold in 2051. 3.HISTORICAL PLACES America's capital is brimming with affordable things to do. The Washington Monument, the U.S. Capitol, the White House and the Lincoln Memorial anchor the National Mall, while the Tidal Basin boasts three of its own memorials dedicated to history-making figures. Various outfitters offer history tours that focus on showcasing the city's past through the eyes of everyone from specific presidents to notable women. What's more, exploring the Smithsonian museums, filled with art and science history, won't cost you a dime HISTORICAL PLACES Boston is a city of American firsts. The country's first public library, first subway system, first public school and first public park belong to Boston. Here, you can stroll the same cobblestone streets as the Puritans and revolutionaries. Kick off your city tour on the Freedom Trail, which guides visitors past 16 of the city's most historic sites. A few must-see historical attractions include Faneuil Hall Marketplace (built in 1742), the Paul Revere House (built around 1680), the Old North Church (built in 1723) and the Fenway Park baseball stadium (opened in 1912). HISTORICAL PLACES Located in the state of New York, New York City has a population of over 8 million within an area of 309 square miles (800 km²). It is at the heart of the New York Metropolitan Area, which is one of the largest urban conglomerations in the world with a population of over 22 million. New York City proper comprises five boroughs: Brooklyn, the Bronx, Manhattan, Queens, and Staten Island, with all but the last having populations exceeding one million. NEW YORK CITY HISTORICAL PLACES Las Vegas was settled in 1905 and officially incorporated in 1911. At the close of the 20th century, it was the most populated North American city founded within that century (a similar distinction was earned by Chicago in the 19th century). Population growth has accelerated since the 1960s, and between 1990 and 2000 the population nearly doubled, increasing by 85.2%. Rapid growth has continued into the 21st century, and according to the United States Census Bureau, the city had 641,903 residents in 2020,with a metropolitan population of 2,227,053. 4.Manufacturing production in the United States increased 4.9 percent year-on-year in March of 2022, slowing from an upwardly revised 4.5 percent jump in February. On a monthly basis, factory output rose 0.9 percent. Considering the first quarter, factory output advanced at an annual rate of 5.4 percent MANUFACTURING Capacity utilization for the manufacturing sector, a measure of how fully firms are using their resources, increased 0.5 percentage point to 77.3% in November, its highest rate since December 2018. Overall capacity use for the industrial sector rose 0.3 percentage point to 76.8% last month. It is 2.8 percentage points below its 1972-2022 average. MANUFACTURING Last month’s rise in manufacturing output combined with a 0.7% gain in mining to lift industrial production by 0.5% to its highest reading since September 2021. That followed a 1.7% jump in October. Utilities production fell 0.8%. Thank you for your attention !!!
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