Key Economic Growth Indicators
CNN Business tracks key economic indicators to provide a comprehensive, up-to-date picture of the US Economy. Data on this dashboard is refreshed automatically.
US payrolls
One of the most important measures of the economy, this number tells us how many jobs employers added each month. In a healthy economy, the US typically needs to add 100,000 to 150,000 jobs each month to keep up with population growth.
Note: Monthly change, seasonally adjusted
Source: US Bureau of Labor statistics via FREDData as of November 05, 2021
Unemployment rate
The unemployment rate is a key measure of pain in the job market. It counts workers who were unable to find a job even though they actively searched for one in the last four weeks, as percentage of the broader labor force.
Note: Seasonally adjusted
Source: US Bureau of Labor Statistics via FREDData as of November 05, 2021
Real gross domestic product
The broadest measure of economic activity — gross domestic product — measures the value of the goods and services produced in the country. It helps us understand the size of the economy and how it’s performing.
Note: Seasonally adjusted, chained 2012 dollars
Source: US Bureau of Economic Analysis via FREDData as of November 24, 2021
Debt-to-GDP
The debt-to-GDP ratio is a key measure of the government’s financial obligations. It measures how much money the federal government has borrowed from outside lenders, relative to the size of the country’s economy. As the ratio rises, it could be harder for the government to service its debt and afford future increases in spending.
Note: Percent of GDP, seasonally adjusted
Source: Federal Reserve Bank of St. Louis via FREDData as of September 30, 2021
Consumer spending
Real personal consumption expenditures, also known as consumer spending, measures how much Americans spend on goods and services, adjusted for inflation. It’s an important measure because consumer spending is the biggest driver of US economic growth.
Note: Seasonally adjusted, chained 2012 dollars
Source: US Bureau of Economic Analysis via FREDData as of November 24, 2021
Consumer price index (CPI)
What’s the value of a US dollar? The Consumer Price Index is helpful in answering that question because it measures how prices change over time. It’s a key measure of inflation, calculated to include housing, food, gas, transportation and a wide range of other goods and services.
Note: Percent change from year ago, seasonally adjusted
Source: US Bureau of Labor Statistics via FREDData as of November 10, 2021
10-year US Treasury rate
Movements in the 10-year Treasury rate can have a direct impact on consumers, influencing rates on mortgages, auto loans, student loans and credit cards. It’s also a key barometer of investor confidence. When investors expect stronger economic growth ahead, the 10-year rate will often rise. When they expect slow growth and low inflation, the rate will fall.
Note: Not seasonally adjusted
Source: Board of Governors of the Federal Reserve System (US) via FREDData as of November 26, 2021
30-year fixed mortgage rate
For most Americans, buying a home is the single largest purchase in a lifetime. The 30-mortgage rate tells us about the cost of borrowing to buy a home. It often falls when the economy is weak — in part because of the Federal Reserve’s efforts to stimulate the economy — and it usually rises when the economy is expected to strengthen.
Note: Not seasonally adjusted
Source: Freddie Mac via FREDData as of November 24, 2021
Housing starts
Housing starts are considered a “leading indicator,” signaling where the economy might be headed in the future. This measure counts the number of new homes or apartments being built every month, as construction crews break ground.
Note: Units, seasonally adjusted annual rate
Source: US Census Bureau via FREDData as of November 17, 2021
S&P/Case-Shiller US national home price index
This index tracks home values through purchase prices of existing single-family homes. It’s an important indicator of the wealth of Americans since, for most families, a home is their single most valuable asset.
Note: Index Jan 2000=100, not seasonally adjusted
Source: S&P Dow Jones Indices LLC via FREDData as of October 26, 2021
Inventories to sales ratio
The inventories-to-sales ratio measures the amount of inventory businesses are holding, compared to the sales they’re fulfilling. When demand for goods is roughly as businesses had expected, the ratio barely changes — but when businesses stock up on either too much goods or too little, the ratio can swing in either direction.
Note: Ratio, seasonally adjusted
Source: US Census Bureau via FREDData as of November 16, 2021
S&P 500 index
One of the most closely-watched measures of the US stock market, the S&P 500 measures the value of 500 of the largest publicly-traded US companies. It’s weighted by market cap — meaning larger companies like Apple and Amazon carry more weight in the index than smaller companies.
Source: S&P Dow Jones Indices LLC via FREDData as of November 24, 2021
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