Answer to Question #70452 in Economics for Pau

Question

Call this a stupidly generalized question, but I wanted a well-educated guess as to how the U.S. economy will fair over the next five years. I'm at a crossroads where I have to choose between graduate school (in a humanities major of all things) and joining a police department (I'm joining a PD with or without a master's or doctorate. Further, nether ASU, nor U of A offer part-time graduate degrees. The only thing that's having me reconsider this option is how the economy will do during the time period between getting an advanced degree and employment, since I'm certain a major recession would limit job opportunities across the board.

Anyway, if you can answer, I'd greatly appreciate it, and if not the same sentiment still applies.

Answer 1

The U.S. economic outlook is healthy according to the key economic indicators. The most critical indicator is GDP, which measures the nation's production output. The GDP growth rate is expected to remain between the 2 percent to 3 percent ideal range. Unemployment is forecast to continue at the natural rate. There isn't too much inflation or deflation. That's a Goldilocks economy.
Reference:
https://www.thebalance.com/us-economic-outlook-3305669