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This is consistent with the 2.1% average annual growth rate of the past 20 years. GDP reached $21.4 trillion in 2019.
The S&P 500, Dow Jones, and NASDAQ stock indexes reached all-time highs in 2019.
Economy and Jobs
However, the labor force participation rate (meaning employed or looking for jobs) is lower than before the recession.
Economy and Jobs
Healthcare generated 398,000 jobs — more than any other industry — while manufacturing created 46,000 jobs.
Economy and Jobs
They're up 1% since 2004, adjusting for inflation. Holding company wages increased 20% since 2004, whereas wages in retail and transportation decreased 4% and 11%, respectively.
Economy and Jobs
Our trade deficit with China in the third quarter of 2019 was $77 billion, a 20% decrease from the same time in 2018.
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