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The historical average unemployment rate (January 1948-September 2020) is 5.8%. [4] The government's broader U-6 unemployment rate, which includes the part-time underemployed was 8.3% in September 2017.
Unlike every previous post-war expansion, GDP growth remained under 3% for every calendar year. [17] Global growth would peak in 2017, resulting in a major synchronized slowdown that started in 2018. The following year, the unemployment rate fell below 3.5% and a major spike in the repo market occurred
Shadowstats.com is a website that analyzes and offers alternatives to government economic statistics for the United States.Shadowstats primarily focuses on inflation, but also keeps track of the money supply, unemployment and GDP by utilizing methodologies abandoned by previous administrations from the Clinton era to the Great Depression.
Wage growth also slowed notably: Average hourly earnings increased 0.2% from March and 3.9% during the past year. Annual wage gains, as measured by the BLS, are at their lowest level since May 2021.
The data from the above table is clear and unmistakable. At the onset of the coronavirus pandemic, in March 2020, the unemployment rate was a very benign 4.4%. Just a single month later, the rate ...
U.S. job growth slowed more than expected in April and the increase in annual wages fell below 4.0% for the first time in nearly three years, but it is probably too early to expect that the ...
Real GDP growth rate by president since 1947 (the quarter in which a new president takes office is attributed to the incoming president) [14] President Political party Period of presidency Average annual real GDP (in trillions) Average annual percentage growth Harry S. Truman (data available from 1947) Democratic: 1945–1953 2.43 4.88%
Data for all U.S. states, the District of Columbia [4] and Puerto Rico [5] is from June 2023 and September 2021, respectively. Data for Guam is from September 2019, and data for American Samoa is from 2018. Data for the Northern Mariana Islands is from April 2010 (more than ten years old) it is included but not ranked in the table below.