Tag Archives: The Economy

State GDP Growth Q3 2020 to Q4 2020

Gross Domestic Product (GDP) is the value of all the goods and service produced.  Along with job numbers, GDP is among the best indicators for economic performance. The U.S. saw the largest decline in GDP in history in Q2 2020 due to the pandemic, plunging 31.4 percent on an inflation-adjusted annualized basis. That was followed …Read more

Jobs Report – U.S. Metros February 2021

Jobs continue to be recovered since the plunge seen at the onset of the pandemic in 2020.   Though the U.S. recouped another 379,000 jobs in February 2021 nationwide, there still remains 9.47 million yet to be brought back.   The recovery rate of jobs, however, differs across the country.   Various metrics for 380 of the Metropolitan …Read more

State Job Growth Rates February 2021

The U.S. continued recouping jobs lost a year ago at the onset of the pandemic, with 30 states posting jobs gains from January to February 2021 on a seasonally adjusted basis based on data from the U.S. Bureau of Labor Statistics.  Six states posted no change in jobs from January to February while 14 states …Read more

U.S. Job Growth Came in at a Minuscule 0.03 Percent in January 2021 — Unemployment Dropped to 6.3 Percent from 6.7 Percent

The U.S. added a miniscule 49,000 net new jobs in January 2021 (0.03 percent gain from December 2020) based on seasonally adjusted data reported by the Bureau of Labor Statistics (BLS).  The previously reported December 2020 loss of 140,000 jobs was restated to a loss of 227,000.   The unemployment rate dropped from 6.7 percent in …Read more