Current Economic Conditions and Selected Forecasts

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U.S. real GDP growth has been positive for 18 consecutive quarters, and the economy is considered to be in an "expansion" phase. The rebound in payroll employment has been modest compared with past expansions. Other elements in the economic picture are promising: 1) A pick-up in output at the same time as employment is growing slowly means that productivity (or output per worker) is increasing; and 2) The inflation rate, measured by the CPI, rose 3.4% during 2005. The consensus among economists is that GDP will grow between 3.3% and 3.6% in 2006. The unemployment rate is expected to show ... continued below

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Makinen, Gail E. July 28, 2006.

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U.S. real GDP growth has been positive for 18 consecutive quarters, and the economy is considered to be in an "expansion" phase. The rebound in payroll employment has been modest compared with past expansions. Other elements in the economic picture are promising: 1) A pick-up in output at the same time as employment is growing slowly means that productivity (or output per worker) is increasing; and 2) The inflation rate, measured by the CPI, rose 3.4% during 2005. The consensus among economists is that GDP will grow between 3.3% and 3.6% in 2006. The unemployment rate is expected to show little tendency to change. The inflation rate is expected to be higher than the rate that prevailed in 2005.

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Congressional Research Service Reports

The Congressional Research Service (CRS) is the public policy research arm of Congress. This legislative branch agency works exclusively for Members of Congress, their committees and their staff. This collection includes CRS reports from the mid-1970's through the present--covering a variety of topics from agriculture to foreign policy to welfare.

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  • July 28, 2006

Added to The UNT Digital Library

  • Dec. 11, 2008, 8:25 p.m.

Description Last Updated

  • Feb. 9, 2017, 8:29 p.m.

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Makinen, Gail E. Current Economic Conditions and Selected Forecasts, report, July 28, 2006; Washington D.C.. (digital.library.unt.edu/ark:/67531/metacrs10494/: accessed December 11, 2018), University of North Texas Libraries, Digital Library, digital.library.unt.edu; crediting UNT Libraries Government Documents Department.