Economic Indicators Forecast

Gross Domestic ProductThe effect of U.S. auto sales on the car Industry, as a whole, is very little. As the profits for American companies were chopped nearly in half, other automakers such as Honda, Nissan, and Toyota have been making a large profit, by introducing fuel-efficient vehicles at a reasonable price. Nissan, of course, is sole(prenominal) the latest in a parade of manufacturers--mostly Asian--introducing sensible products that address the new reality of go fuel prices in the United States while appealing by and large to Americans tastes and pocketbooks. (Lienert 2005) As long as foreign manufacturers continue to produce sizeable profits, the Auto Industry will continue to grow.

correspond to U.S. Department of Commerce, Bureau of Economic Analysis, The total output of goods and ope esteem produced by labor and property in the United States lessen at an annual rate of 5.7 percent in the number 1 quarter of 2009? (para. 1). In the fourth quarter, real GDP change magnitude 6.3 percent. Motor vehicle output subtracted 1.36 percentage points from the first-quarter change in real GDP after subtracting 2.01 percentage points from the fourth-quarter change.

The chart down the stairs shows model performance for GDP over the past devil years with growth expected to turn positive in the fourth quarter of 2009, a little earlier than indicated by Fed minutes and other projections.

Table 1 GDP, actual and forecasted20082009Quarter 10.9%0.



5%Quarter 22.8%0.4%Quarter 3-0.8%0.5%Quarter 4-2.4%2.2%UnemploymentIn an article dated June 7 of 2009, a Michigan forecast stated that the unemployment situation is only going to get worse before it gets better. Based up on the forecast given by George Erickcek the employment rate in the Grand Rapids are was going to decrease by 2.4 percent (Daly, 2009). The actual number for total unemployment for Michigan is 14.1%. Erickcek predicts that the general unemployment rate starting in 2010 will decrease by...

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