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About the COVID-19 Impact and Recovery Hub

Has the economy recovered from the COVID-19 pandemic? Use this hub to track the nation’s recovery from various data angles, like the unemployment rate, personal income, and state tax revenue.

Recent data shows that year-over-year inflation, as represented by the Consumer Price Index, was 5% in March 2023. This is down 3.9 percentage points from June 2022’s peak of 8.9%. At the same time, the unemployment rate was 3.5%, back to pre-pandemic levels. In February 2023, retail sales reached one of their highest points since the pandemic’s start, at $691.7 billion. Compared to January 2020, household spending increased by 8.7% to $14.05 trillion. The saving rate decreased from 9.3% in February 2020 to 4.7% in February 2023.

Continue to track ongoing changes in these indicators below.

Sources - Economy

Sources - Standard of Living

Sources - Health

Sources - Government

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