Economic & Labor Market Data

Economic & Labor Market Data

 Economic Forecast for 2018 for the United States by Trading Economics

Overview Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
GDP Growth Rate 2.90 2.1 2.6 2.8 2.4 2 percent
Unemployment Rate 4.10 4 4 3.9 3.8 4.2 percent
Inflation Rate 2.40 2.3 2.4 2.5 2.5 2.5 percent
Interest Rate 1.75 2 2 2.25 2.5 3 percent
Balance of Trade -57591.00 -57100 -57900 -53000 -66000 -59000 USD Million
Government Debt to GDP 105.40 108 108 108 108 109 percent

Economic indicators show that we are at a healthy growth rate that will slow down. Another recession is most likely due another 2-3 years out. So now is the time to focus on your financial well-being and prepare for stormier skies in a few years. This means map out a solid career path and network, assuring you are providing value at work, tracking your measurable statements, and aligning your work with your drives, skills, and talents to keep you in a meaningful career. If you are working in a vulnerable industry or department that may be negatively affected by a recession sooner than later, now would be the time to begin to plan a safe haven.

Bureau of Labor Statistics Charts


Cost of Living Calculator (CNN Money)

Cost of LIving


Real GDP Growth by IMF

This interactive map is fantastic!

IMF Real GDPInternational


Economic Forecast for GDP for 2018 by OECD

See interactive chart here.

GDP forecast for 2016


International Economic Forecast for GDP for 2017-2026 by Conference Board.org

Economic International Forecast


Careers at Risk for 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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