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The following reports on economic indicators are reported by United States government agencies: Business activity Wholesale Inventories; Industrial Production (Federal Reserve) Capacity Utilization; Regional Manufacturing Surveys (purchasing managers' organizations and Federal Reserve banks) Philadelphia Fed Index (Federal Reserve Bank of ...
The United States has a highly developed mixed economy. [41] [42] [43] It is the world's largest economy by nominal GDP and second largest by purchasing power parity (PPP). [44]As of 2024, it has the world's sixth highest nominal GDP per capita and eighth highest GDP per capita by PPP). [10]
In February 2021, The New York Times reported: "Since 1933, the economy has grown at an annual average rate of 4.6 percent under Democratic presidents and 2.4 percent under Republicans ... The average income of Americans would be more than double its current level if the economy had somehow grown at the Democratic rate for all of the past nine ...
A year many economists expected to end in recession instead resulted in one of the most robust years for the US economy in the past decade. ... hiring in 2021 and 2022, the most recent year was ...
The index came in at 109.5 for last month, dipping well below the 2021 high of 128.9 in June, but still rising compared to the reading of 87.1 posted in January this year.
Between 2008 and 2009, the net worth of US households had recovered from a low of 3.55 times GDP to 3.75 times GDP, while nonfinancial business fell from 1.37 times GDP to 1.22 times GDP. [5] The net worth of American households and non-profits constitutes three-quarters of total United States net worth – in 2008, 355% of GDP.
The Freddie Mac 30-year fixed mortgage rate as of November 16 was 7.44%. A new homebuyer in October 1981 carried an 18.45% mortgage rate, or 55% of the median income.
In 2007, while US unemployment dropped to its lowest level since the year 2000, the housing bubble reached its peak and economic growth slowed down, and by December 2007, the United States entered the severe long-lasting Great Recession. By mid-2008, property values and the values of other assets plummeted, and the stock market crashed in ...