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The unemployment rate has also come down. It last improved to a reading of 4.2% in November, but still held above the 50-year low of 3.5% seen before the pandemic in February 2020.
Households were saving hundreds of billions more dollars per month in 2020 and 2021 compared to the pre-pandemic trend, according to the SF Fed. One big reason those piggy banks got so full was ...
Unemployment spiked in 2020 and was still elevated, at 6.3%, in January of 2021. For most of his term, it was below 4%, at or around its lowest in half a century. At 4.3% now, unemployment remains ...
An economic calendar is usually displayed as a chart showing the days, weeks and months of a particular year. Each day lists several market-moving events in chronological order, giving investors time to research and anticipate the specific release of interest to them.
In the first two quarters of 2020 amid Donald Trump's presidency, [118] the U.S. economy suffered major setbacks beginning in March 2020, due to the novel coronavirus and having to "shut-down" major sectors of the American economy. [119] As of March 2020, US exports of automobiles and industrial machines had plummeted as a result of the ...
As the world economy has struggled to regain its footing amidst the events of the past few years, Chinese exports have skyrocketed in the global market, rapidly increasing production to cover the quickly-rising global demand. In just one year, China's trade surplus with the US alone rose to $335.5 billion in 2021, up from $308.1 billion in 2020.
The chart below shows how the hiring and quits rates have both moved lower throughout 2024 and now sit at lower levels than seen just before the onset of the pandemic in 2020. Data like this ...
The economic impact and mass unemployment caused by the COVID-19 pandemic raised fears of a mass eviction crisis, with an analysis by the Aspen Institute indicating between 19 and 23 million, or 1 in 5 renters, were at risk for eviction by the end of September 2020. [29] A separate July 2021 United States Census Bureau survey projects 7 million ...