9-Miami Real Estate-Our Economy
Our Economy deteriorating?
The depreciated U.S. dollar with sustained economic growth overseas provides very good competitive conditions for U.S. companies to produce income from expanding global markets.The depreciated dollar makes the cost of imports higher which can be a turning point for the United States, but although these advantages take place they do not come without a cost, example: the increasing price of essential imports, like energy products.
Unemployment has reached a new low.Employment has declined in many industries, such as those having to do with home building and financing.Real Estate declined by leaving 8,000 unemployed last November.Despite this downfall a net increase in employment is expected by employers everywhere.
The consensus view remains that the U.S will try to avoid a depression this year, but will definitely confront an economic “slowdown”.Some areas of the country will be affected more than others.Nationwide decline of the job market could trigger negative penalties in the financial division.
