the most recent technological change to the u.s. economy was
digitization of social systems the digitization of social systems
title: Economy of the United States text: 5% larger than the U.S. Real GDP per capita (measured in 2009 dollars) was $52,444 in 2017 and has been growing each year since 2010. It grew 3.0% per year on average in the 1960s, 2.1% in the 1970s, 2.4% in the 1980s, 2.2% in the 1990s, 0.7% in the 2000s, and 0.9% from 2010 to 2017. Reasons for slower growth since 2000 are debated by economists and may include aging demographics, slower population and growth in labor force, slower productivity growth, reduced corporate investment, greater income inequality reducing demand, lack of major innovations, and reduced labor power. The U.S. title: United States Economic Census text: conducted for the year ending December 2017. The Economic Census, together with the separately conducted censuses of agriculture and governments, covers virtually the entire economy, excepting only for forestry, agricultural support, rail transportation, and employment by private households. Censuses have measured American economic activities since the first census of manufactures was taken in 1810. As the nation's economy has grown, the scope of what is now called the Economic Census expanded to include retail and wholesale trade, construction industries, mining, and a broad array of services. Early in the 19th century, Congress responded to an increase in industrial activity and title: United States text: hour, behind those two countries and the Netherlands. The 2008–2012 global recession significantly affected the United States, with output still below potential according to the Congressional Budget Office. It brought high unemployment (which has been decreasing but remains above pre-recession levels), along with low consumer confidence, the continuing decline in home values and increase in foreclosures and personal bankruptcies, an escalating federal debt crisis, inflation, and rising petroleum and food prices. The United States has been a leader in technological innovation since the late 19th century and scientific research since the mid-20th century. Methods for producing interchangeable parts were developed title: Economy of the United States text: average household and employee income among OECD nations, and in 2010, they had the fourth-highest median household income, down from second-highest in 2007. The United States has held the world's largest national economy (not including colonial empires) since at least the 1890s. It is the world's largest producer of oil and natural gas. In 2016, it was the world's largest trading nation as well as its second-largest manufacturer, representing a fifth of the global manufacturing output. The U.S. also has both the largest economy and the largest industrial sector, at 2005 prices according to the UNCTAD. The U.S. not only title: Economy of the United States text: September 2008, with the bankruptcy of Lehman Brothers and bailouts of several other financial institutions. The Bush administration (2001–2009) and Obama administrations (2009–2017) applied banking bailout programs and Keynesian stimulus via high government deficits, while the Federal Reserve maintained near-zero interest rates. These measures helped the economy recover, as households paid down debts from 2009–2012, the only years since 1947 where this occurred, presenting a significant barrier to recovery. Real GDP regained its pre-crisis (late 2007) peak by 2011, household net worth by Q2 2012, non-farm payroll jobs by May 2014, and the unemployment rate by September 2015. Each of