Economic & Labor Market Data

Economic & Labor Market Data

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Economic Forecast for 2020 for the United States by Trading Economics

Overview Actual Q2 Q3 Q4 Q1 2020
GDP Growth Rate (%) 3.20 2.4 2.2 2.1 1.8 1.7
GDP Annual Growth Rate (%) 3.20 2.6 2.4 2.3 1.9 1.7
Unemployment Rate (%) 3.60 3.8 3.7 3.7 4 3.8
Non Farm Payrolls (Thousand) 263.00 182 179 150 180 170
Inflation Rate (%) 1.90 1.8 1.7 1.9 1.8 2
Inflation Rate Mom (%) 0.40 0.1 0.1 0.2 -0.2 0.1
Interest Rate (%) 2.50 2.5 2.5 2.5 2.5 2.5
Balance of Trade (USD Million) -49382.00 -49000 -56000 -60000 -55000 -62000
Current Account (USD Million) -134377.00 -123000 -131000 -134000 -129000 -125000
Current Account to GDP (%) -2.40 -2.2 -2.2 -2.2 -2.5 -2.5
Government Debt to GDP (%) 105.40 108 108 108 109 109
Government Budget (% of GDP) -3.80 -5 -5 -5 -4.8 -4.8
Business Confidence (Index Points) 52.80 55 51 53 51 52
Manufacturing PMI 52.60 52.8 51.1 51 51 50.4
Non Manufacturing PMI 55.50 54.2 56 53 52 52
Services PMI (Index Points) 53.00 53 52.4 52.2 52.1 50.8
Consumer Confidence (Index Points) 97.20 96 94 92 88 86.7
Retail Sales MoM (%) 1.60 0.4 0.3 0.3 -0.2 0.4
Building Permits (Thousand) 1288.00 1250 1240 1210 1150 1115
Corporate Tax Rate (%) 21.00 21 21 21 21 21
Personal Income Tax Rate (%) 37.00 37 37 37 35 35
Labour Actual Q2 Q3 Q4 Q1 2021
Unemployment Rate (%) 4.40 15 18 20 19 15
Non Farm Payrolls (Thousand) -701.00 -600 -400 -170 -100 -90
Nonfarm Payrolls Private (Thousand) -713.00 -660 -320 161 220 245
Government Payrolls (Thousand) 12.00 -40 -80 9 9 9
Manufacturing Payrolls (Thousand) -18.00 -200 -100 -2 -2 2
Initial Jobless Claims (Thousand) 6606.00 220 220 238 238 267
Continuing Jobless Claims (Thousand) 7455.00 1680 1700 1700 1700 1700
ADP Employment Change (Thousand) -27.00 -600 -400 150 150 150
Employed Persons (Thousand) 155772.00 157500 156900 154000 154000 153000
Unemployed Persons (Thousand ) 7140.00 5900 5900 6280 6280 6390
Average Hourly Earnings (%) 0.40 -0.1 -0.1 0.1 0.2 0.2
Average Weekly Hours (Hours) 34.20 33.6 33.8 34.4 34.4 34.4
Labor Force Participation Rate (%) 62.70 62.8 61.5 61.6 61.9 62.7
Long Term Unemployment Rate (%) 0.71 3.17 3.17 3.17 2.17 0.17
Youth Unemployment Rate (%) 10.30 12.8 12.8 12.8 11.8 9.8
Productivity (points) 108.17 110 110 111 111 112
Labour Costs (points) 111.63 113 114 114 114 118
Job Vacancies (Thousand) 6597.00 3400 4100 4800 4600 5200
Job Offers (Thousand) 6882.00 2000 1900 2100 3800 3600
Challenger Job Cuts (Persons) 222288.00 48000 50000 51000 51000 55000
Wages (USD/Hour) 24.07 23.92 24.17 24.36 24.56 25.14
Wage Growth (%) 3.30 1.9 2 2.2 2.5 3.2
Wages in Manufacturing (USD/Hour) 22.59 22.51 22.72 23.06 23.15 23.79
Minimum Wages (USD/Hour) 7.25 7.25 7.25 7.25 9 9
Employment Cost Index (%) 0.70 0.6 0.7 0.6 0.6 0.6
Population (Million) 329.13 330 330 331 331 333
Retirement Age Men 66.00 66 66 66 66 66
Employment Rate (%) 60.00 61 61 60.8 60.8 60.4
Living Wage Family (USD/Month) 2380.00 2425 2428 2432 2440 2510
Living Wage Individual (USD/Month) 1660.00 1692 1693 1697 1702 1751
Full Time Employment (Thousand) 129298.00 131400 131500 132302 132302 133627
Part Time Employment (Thousand) 26553.00 25800 26500 27500 27500 26500
Wages Low Skilled (USD/Month) 1960.00 1997 1999 2003 2009 2067
Wages High Skilled (USD/Month) 4520.00 4606 4610 4619 4633 4767

Bureau of Labor Statistics Charts


Cost of Living Calculator (CNN Money)

Cost of LIving


Real GDP Growth by IMF

This interactive map is fantastic!

Global Economic InfoInternational


Economic Forecast for GDP by OECD

See interactive chart here.

GDP forecast for 2016


International Economic Forecast for GDP for 2019-2028 by Conference Board.org

GEO_Bar_chart


Careers at Risk for Automation

More information about jobs at risk for automation here at the Economist.

automation global risk automation

 

From the data below in "Which careers are most likely to be automated?" at 80,000 Hours, below, you can see where we may be heading.
Which Jobs Are Safe

Bloomberg also has a great chart below depicting the changing tides of automation here and how a college degree lowers automation risk, in this recent article, "Find Out If Your Job Will Be Automated".

 

A college degree lowers job automation rates

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