1994
The year 1994 lands in the middle of the expansionary period between March 1991 and March 2001. During 1994 the percentage growth of real GDP was about 4%, which is above the 2.6% growth in 1993 and 1995. The quarterly breakdown of the percentage increase in GDP is Q1 2.5%, Q2 4.8%, Q3 3.6%, and Q4 3.2%. These percentages are high when compared to the following year, 1995, where Q1 0.6%, Q2 0.5%, Q3 3.6%, and Q4 0.5%.
Unemployment dropped below 6% during the third quarter of 1994. Economic experts were surprised that this drop in unemployment didn't lead to “upward spiraling inflation.” The inflation rate increased 2.6% from 1993. Unemployment rates were still below 6% during 1995 and the inflation rate only increased 2.8%.United Steelworkers of America
In 1995 stock prices soared “arguably the best year in history.” This increase contradicted the forecast of a weak year because of the no gains in 1994.The US Stock Market by David L. Debertin
The US deficit in goods trade rose to 31% because the 12.5% increase, in nominal terms, of imports exceeded the 8.1% increase of US exports during 1994.Office of the U.S. Trade Representative
In 1993 Clinton passed tax increases, which begin to take effect in 1994. In 1994 individual income taxes in constant (87 dollars) was 429,496 million as opposed to the 411,032 million in 1993. The increase also becomes significant in 1995 in which it rose to 458,300 million.Steve Kangas Home Page