America’s Economy Enjoys Historic Economic Growth

According to Josh Bivens, the director of research at the Economic Policy Institute, “Recessions are usually policy mistakes. We really can keep these recoveries going for quite a long time if we have a really careful smart policy”.

For the past decade, the US has dodged a recession, making it the first time in American history that economic expansion has been sustained for 126 straight months.

The US was at such a low point at the end of the last decade, it has made the growth last quite a long time. Unemployment was so high; job growth has recovered more slowly over previous economic booms. Nonetheless, with a stable economic outlook in the United States, there are many job opportunities available for you.

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The memory of the last crisis is still fresh in the minds of businesses and consumers, making them alert and more risk-averse. Mark Zandi, a chief economist at Moody’s Analytics, said in this time of growth, we never really got going so we don’t have an overbuilding problem.

The caution has equaled fewer imbalances in the financial world, which has made the recovery last longer. Stimulus efforts during the financial crisis, such as quantitative easing, were an important factor in fostering the duration of the economic recovery today.

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