Suggestions for reducing the burden to Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. The year 2017 was a tumultuous year in U.S. politics andĪround the globe, as tensions with North Korea and Iran remained high. Yet investors were exuberant about the prospects for stronger economic growth and lower taxes and continued to drive the financial markets higher. economic growth picked upĮarly in the year, as gross domestic product (GDP) expanded at an annualized rate of more than 3.0% for two consecutive quarters for the first time since 2014 3% is the long-term historical average growth rate of GDP. Even though jobs were lost asĪ result of hurricane disruptions during the third quarter, the unemployment rate fell to 4.1%, as the U.S. Wage growth failed to keep pace with job growth, but there was hope labor market added more than 170,000 new jobs per month during the year.
That lower corporate tax rates would move companies to raise wages more robustly in the year ahead. A tight job market was also expected to put pressure on wages. economy is at what most economists consider fullĮmployment. Global growth and a weaker dollar boosted exports.
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