The United States The Impact of Its Economy on...

The United States: The Impact of Its Economy on Transportation and Logistics Management Transportation and logistics coordinate the movement of goods and people. The transportation and logistics industry is the catalyst that propels the American economy. However, it works both ways. Economic pressures on the national, regional, and local levels affect decisions and policies made by logistics managers. This paper will explore the intricate relationship between the United States economy and Transportation and Logistics management. Consumer Economy in the United States The subprime mortgage crisis precipitated a recession between 2007 and 2009 although its effects are still felt by many consumers and companies today. The slow recovery is reflected in job growth, unemployment, consumer spending, and inflation. Jobs Although the job numbers are growing, they have not recouped the peak numbers from a decade ago. In 2005 the Bureau of Labor Statistics projected employment to grow from 2004’s 145.6 million to 164.5 by 2014 (Hecker, 2005). According to current employment statistics for April 2014 there are 145 million jobs (Bureau of Labor, 2014). This means there are no more jobs today than there were in 2004. Unemployment The recession and continued economic slow-down increased unemployment. This is partly because some large employers either folded or reduced their workforces, greatly increasing the number of Americans out of work. Tightened banking practices made it moreShow MoreRelatedA Brief Note On Transportation And Logistics Management1426 Words   |  6 PagesIn the vast industry that is transportation and logistics management, has a lot of influence on the economy of the United States. 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