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Economy and Jobs
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.
However, the labor force participation rate (meaning employed or looking for jobs) is lower than before the recession.
Healthcare generated 398,000 jobs — more than any other industry — while manufacturing created 46,000 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.
Our trade deficit with China in the third quarter of 2019 was $77 billion, a 20% decrease from the same time in 2018.
Explore the Economy Big Picture
Population and society
Defense and security
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