Synthesis topic Essay Example | Topics and Well Written Essays - 1250 words

Synthesis national - Essay Example The discussion takes the form of an analysis, with a centering on unearthing the causative factors for the declining realm of the American thrift, while seeking the possible remedy to the situation. Thus, this discussion elaborates on the factors hindering the desired performance of the US economy, while suggesting the remedies as presented by the two articles. The essence of selecting this topic is because it is a current issue affecting America, and it is vital to understand the causes of the situation. Most importantly, it is necessary to understand the track forward. Discussion Having been considered the worlds largest trading nation, and having been ranked among the top wealthiest countries of the world, it is expected that the economy of the US should be performing better than the current situation (Kuhl, 44). The wealthy nature and the ability of the US to create consumption opportunities over the years have attracted many immigrants, wh o come to the country to seek for employment opportunities. ... According to a survey carried out by the Institute for Supply Management Survey, the state of the manufacturing sector in the US has continued to contract (Summers, 53). It was observed that manufacturing firms hired the lowest number of workers starting late 2009, an indication that the state of the sector is wanting. Historically, the national factory activity for the US has always ranked above the 50 number mark. However, in a clear indication of the dangers facing this sector, the might fell to 49.8 going by the index for July 2012. This crashed further to a 49.6 digit index according to the August 2012 data (Kuhl, 47). Considering that the manufacturing sector is among the most inviolable and promising sectors of the US economy, this situation raises a red flag that things are not going in the right direction. The index presented above indicates that the ability of the US economy to export products to foreign co untries has continued to shrink, present a danger to its trading sector, which also ranks as the worlds largest (Summers, 58). The worrying nature of the US economy is indicated by the current unemployment rate. Historically, the unemployment rate of the US has averaged at 5.3% (Summers, 33). However, Kuhl alleges that going by the data released by the US Bureau of Labor Statistics, the unemployment in the US stood at 7.9% in August 2012 (Kuhl, 68). This puts the number of the unoccupied people in the US at 12.3 million. The growth in the number of employment opportunities created by an economy indicates it health status. However, considering that the US trade deficit has been increasing, it has been importing more than it exports