Printer Friendly

The United States economy.

Total personal income for the United States increased 2.8 percent in the fourth quarter of 1991 compared to this period a year ago. Consumers appear to be willing to spend more as was evidenced in the first quarter of this year. The Index of Consumer Sentiment has been moving upward since January 1992 when it registered 67.5, to a high in April of 77.2.

Non-ag employment fell 0.3 percent in the first quarter of 1992 compared to a year ago. This indicator has shown some growth since the previous quarter with average employment of 113,972,000 in the first quarter compared to 113,569,000. Figures released for April rose to 114,465,000. Continued employment growth is needed to sustain expansion in the economy.

The unemployment rate for the nation was up from a year ago-7.8 percent in the first quarter of this year compared to 7.0 percent. The May 1992 edition of DRI's Review of the U.S. Economy emphasizes that "employment is the key to the recovery over the coming months." They predict that the" unemployment rate should peak in early 1992, but will decline very slowly because of the sluggishness of the expansion."

The U.S. Consumer Price Index (CPI-U) increased 3.0 percent in May compared to a year ago. This remains well below levels of the past several years.
COPYRIGHT 1992 The Business Research Bureau
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:South Dakota Business Review
Date:Jun 1, 1992
Words:232
Previous Article:South Dakota economy.
Next Article:Is South Dakota's state revenue system "balanced and moderate."?
Topics:


Related Articles
The United states economy.
Trend of business: the U.S. and South Dakota economies.
Trend of business.
Trend of business: United States economy, the South Dakota economy.
Trend of business.
BUSINESS HIGHLIGHTS.
United States economy. (Business Highlights).

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters