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Dow Jones Research Paper

547 Words3 Pages

Lately, the economy has been doing well. The Dow Jones Industrial Average (DJIA) and the overall Gross Domestic Product (GDP) have been increasing and the unemployment rate has been decreasing. These indicators show that the economy is growing. However, natural disturbances are not helping the economy. Hurricanes, tropical storms, and wildfires have hit the United States and wiped out homes and businesses. Even though these natural disturbances are destroying major businesses, the economy is still growing. The Dow Jones is one of the most popular ways to see how the stock market is doing. The DJIA contains 30 stocks that are known as the “blue chip stocks”. Examples of these are Apple and Microsoft. By looking at the DJIA, one can see that it has increased substantially in the last two months. At the beginning of September from the end of October, the DJIA rose from $21,987.56 to $23,377.24. In the one-year change, the DJIA has increased by 31%. It continues to increase as shown in the one-year chart. …show more content…

The ideal unemployment rate is 4%, so the current rate is very close at 4.2%. This rate is very low compared to previous years. In 2010, the unemployment rate was an average of 9.6%. The economy is doing very well compared to how it was in 2010. The ideal unemployment rate is 4% because it should not be too high or too low. When the unemployment rate is high and people are unemployed, they are not buying large amounts of products. This causes stores to have a decrease in the amount of costumers and profit. If the unemployment rate is too low, most people would have jobs, and the economy could go into another recession. Since the unemployment rate is 4.2%, the United States is doing well and will hopefully continue to be close to this

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