MAC Salary Report

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School

Southern New Hampshire University *

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20052

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Economics

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Feb 20, 2024

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docx

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To: Gregory, Quantigration Boss Introduction Macroeconomics are crucial in deciding whether it is prudent to increase salaries at our company. We need to see where we are at with the data across the country. The data is important because it helps us see the information in the economy. The economy is important and essential to the success of the labor market. The labor market decides wages and competition. Competition increases and decreases based on the economy. U.S Economy Business Cycle Figure 1 FRED Gross Domestic Product Figure 2 FRED Unemployment Rate (FRED, 2023) The unemployment chart and the labor force participation chart are the same. unemployment has decreased significantly. Figure 3 FRED Labor Force Participation Rate (FRED, 2023 The Federal Reserve raises or lowers the interest rates to manage inflation. The Federal Reserve increased the interest rates, there were two competing values. Labor Force

The labor market in the United States changes in the same way that the business cycle does. Unemployment rate has decreased. Every economy has people who are working or not working. This is what we refer to as the labor Force Participation rate. The unemployment rate is people who can work but aren’t. We compare the market to labor. The labor force participation rate has increased. The employment rate has increased. So the labor market is increasing. Improving and increasing in the market. Figure 4 Labor Force Participation Rate New Hampshire. (FRED, 2023) Figure 5 Employment Rate. (FRED, 2023) Figure 6 Unemployment Rate (FRED, 2023)

Figure 7 Unemployment Rate New Hampshire. (FRED, 2023) Recommendation FRED states that we are in expansion bear market phase. The labor force is now consistent. Inflation has increased. The stronger the labor market gets, the more we need to increase wages. The recommendation is to increase the wages so that we can keep the workforce. We need to succeed and be competitive.

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