The United States is seeing huge employment opportunities as interest in the country recovers following the US elections uncertainty. The growth rate is steadily increasing and will soon slow down as it reaches a point of stability. US President Barack Obama is handing in an economically strong country to President-Elect Donald Trump by the end of his term.
According to Investing.com Market Overview Writer Urban Carmel, the December Macro update indicates housing, employment, consumption growth and overall housing values for the United States is growing but "signs of weakness" are creeping into the data. Carmel lists that the country had gained about 188,000 employment gains with a potential 1.6% annual growth for full-time occupations.
Carmel said that manufacturing employment is suffering. Manufacturing -- a cornerstone for the US economy -- will have reduced profits this year as the US introduces trade deficits to select countries it decides to have economic advantages.
According to Fortune.com, US President-Elect Donald Trump is leading a formidable and truly strong United States despite lower but stable GDP growth. Fortune.com also said that despite its stability, many Americans are unhappy with the economic status quo but expect people to become relatively happier as wage growth continues to increase.
Analysts said that the US is unlikely to suffer a recession similar to the financial crisis of 2008. The crisis had closed down many US multinational corporations and startup companies due to a lack of financing and lay-offs as the crisis continued. The leadership of Donald Trump has one of the most stable economy the United States have had with all areas of the market strong enough to withstand economic storms.
Even Trump's policies -- such as trade deficits to Mexico and other countries -- could benefit the US. Many international companies are rushing to acquire property in the United States as their imports gain more traction in the country. Sales for US-exporting countries may improve once trade deficits are finalized.
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