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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.

Unemployment claims and the unemployment rate are at their lowest since the start of the pandemic. Retail sales recovered from pre-pandemic levels and exceeded spending compared to January 2020. Household spending has increased 4.9% since January 2020, and reached $13.58 trillion in March 2022. Higher spending has reduced the saving rate to 6.2%, one of the lowest rates since January 2020.
Consumer prices in April 2022 are 8.2% higher than they were in April 2021, one of the largest 12-month increase in prices in the past 40 years. Meanwhile, the Federal Reserve holds an all-time high value of assets, approaching $9 trillion.
Continue to track ongoing changes in these indicators below. (Next update on June 24)

Sources - Economy

Sources - Standard of Living

Sources - Health

Sources - Government

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