The Recovery of the US Economy

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It was just a few years ago when the US economy was going through the largest recession since the Great Depression.  Fueled by a collapse in the US housing market, US Banks and businesses shrunk in size, yearly revenue, and the number of employees they employed.  Unemployment rates quickly climbed from just above 4% nationally to peaks over 10%.    The Government issued plans and programs to help recover as quickly as possible from this serious economic struggle and in just a few years things have quickly changed.

Recovery of the US Economy

One of the first places you can look to see that the US economy has recovered from the difficult times just a few years ago is the Stock Market.  The Dow now trades at record setting highs and quarter after quarter the retirement size of baby-boomers are back at sizes that allow the older generation to feel comfortable with their retirement.    Financial education organizations, like Online Trading Academy, are thriving as people begin to be confident in their own abilities to manage their stocks and investments.

In addition to the resurgence in the stock market, the US economy is creating more jobs every month.  The unemployment rates have been falling throughout the country and in places like the Washington D.C. area are back below 5%.   New startup companies that were able to push through difficult times are creating jobs across the country and the tech and services industry continue to provide new industries and opportunities for individuals willing to take the time to learn to be successful in those areas.

The housing market, that was the primary cause of the initial recession, is also recovering.  New home sales have climbed through 2013 and neighborhoods that were being built before the recession and then paused for years are now filling out.  The inventory of foreclosed homes continues to shrink and even the number of homeowners under-water on their mortgage is decreasing.   Low interest rates have helped homes become affordable for people that previously could not afford them, but at the same time the loans are more stable and stronger than those that caused the original problem.

The economy has a long way to go to get back to the strength seen in 2005, but the economy has significantly recovered from the low points of 2006 and 2007.   The stock market is growing, jobs are being created, and homes are being built again.