Pandemic Effect on U.S Economy | Get the Essay

The question before you is how the pandemic has affected the US economy.  The pre-pandemic period covered is 1st Quarter 2020 vs 1st Quarter 2019.  This includes results for the months of January, February, and March of each year.  Consider this entire period pre-pandemic.  The pandemic period requires you to do year-to-year comparisons of 2nd Quarter 2020 vs. 2nd Quarter 2019 (April, May, and June of each year) and  same way for 3rd Quarter ( July, August, and September)  These year-to-year comparisons, pre-pandemic and during the pandemic, are all the data you need for your analysis. You will need to include in your answer the data needed for the above analysis for the following measures.  The quarterly data, e.g. for GDP, can be taken as is for your table(s).  The monthly data will require you to take an average of the three months of 2020 vs, the average of the same three months of 2019, e.g., for U3 unemployment, so the data can be on the same basis as GDP.  This has to be done for each quarter included in your anaysis.  Here are the measures you need to include: U3 unemployment     U6 unemployment     Labor Force Participation Rate      Average Hors Worked per Week – Total Private     $ per Hour – Total Private Productivity Growth     CPI Inflation Rate     The source for these seven measures is bls.gov, the link fpr which is in this folder Gross Domestic Product     PCE Index     The source for these two measures is bea.gov, the link for which is in this folder % Yield on the 10-Year Note, representing the interest rate.  There are many souces you can go to in order to include this measure.  This will involve much resourcefulness and creating the comparisons will be far more involved than for any other measure in this assignment.  Students successfully including and commenting on the trends in the interest rate using this measure, if correct, will receive five extra points and be going for a maximum of 35 points. So the object is to provide the above data and use them to discuss the trends in these measures during the pandemic vs. before the pandemic.  Once you’ve described these trends, indicate how they show that the pandemic has affected our economy.  Also write a couple of paragraphs on what you expect over the next several quarters. bls.gov Use this link to obtain data for your bonus assignment from the bls website. https://www.bls.gov/ bea.gov Use this link to obtain data for your bonus assignment from the bea website. https://www.bea.gov/

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