Economic Report of the President, Transmitted to the Congress February 2015 Together with the Annual Report of the Council of Economic Advisors

About the Book

The Economic Report of the President is a document published by the President of the United States' Council of Economic Advisers (CEA). Released in February of each year, the report reviews what economic activity was of impact in the previous year, outlines the economic goals for the coming year (based on the President's economic agenda), and makes numerical projections of how the economy will perform. Criticism usually follows, sometimes attacking the importance placed or not placed on particular data, and also on the importance of particular goals presented in the Overview." The "2015 Economic Report of the President "reviews the United States' accelerating recovery and ways to further support middle-class families as the recovery continues. The economy is recovering from the Great Recession at an increasing pace, growing at an annual rate of 2.8 percent over the past two years, compared with 2.1 percent over the first three-and-a-half years of the recovery. The speed-up is especially clear in the labor market, where job gains have reached a pace not seen since the 1990s. But it is essential that a broad range of households benefit from the United States' resurgent growth, so this year's "Report "focuses on factors that are important to middle-class incomes:

• productivity,
• labor force participation, and
• income inequality.

The President's approach to economic policies, what he calls "middle-class economics," aims to improve each of these long-standing elements and ensure that Americans of all income levels share in the accelerating recovery.

• Chapter 1 reviews the progress of the recovery and explores the long-term factors that drive middle-class incomes.
• Chapter 2 reviews the macroeconomic performance of the U.S. economy during 2014, including the growth of output and employment, the continued decline in the unemployment rate, the healing of the housing market, and the improvement in the budget deficit as a share of GDP.
• Chapter 3 addresses the opportunities and challenges facing the U.S. labor market.
• Chapter 4 discusses how American family lives have changed over the last half-century and the implications of these changes for our labor market.
• Chapter 5 shifts the focus to productivity growth with an examination of business tax reform as well as a briefer discussion about the complementary issues in individual taxation.
• Chapter 6 reviews the profound transformation of the U.S. energy sector
• Chapter 7 situates the United States in the context of the global economy.

Charts and graphs accompany the text within these chapters to showcase key data elements.
Middle class families, corporations, nonprofit, and small businesses employers as well as the men and women that comprise the labor workforce, energy companies, and financial planners, including tax specialists, and economists may have an interest in this updated report and projections. High school through graduate school level students may be interested in this report to showcase key research for current events and/or political science and economic research papers about the U.S. workforce, trends impacting middle class families, trade policies, and the debt and growth projections of the US economy. This title will fit into the Common Core standards for Social Science at the grades 6-12 level in relation to using the President's economic policy to collaborate with others to present the information in a different media format, such as a PowerPoint presentation.
Keywords: President Obama; President Barack Obama; 44th President; Economic policies; Growth of the United States of America; Growth of the USA; United States (U.S./US) Trade policies; United States (U.S./US) Energy policies and growth; United States (U.S./US) Household Energy Outlook; United States (U.S./ US) Jobs Outlook and Growth; United States (U.S./US) Working Families/Middle Class; Full-time vs. Part-time work; Jobs Benefits; Employee Benefits; Worker Benefits; Wages; Salaries; Monetary Policies; Money; Financial Markets; Tax policies; Tax Reform; Investing to Infrastructure; Individual Tax; Corporate Tax; Housing Markets; State and Local Governments; International Markets; Consumer Spending; Gender Equality; Fiscal Policy; United States (U.S./US) Federal Fiscal Policy