Current economic growth compared to last year
The chart above compares three major economic indicators with the same time last year as well as the 30-year average.
Employment growth increased in September compared to last year. According to the Bureau of Labor Statistics, Hurricane Harvey and Irma contributed to poor employment growth in September 2017.
In addition, inflation has decreased although it is still above the 30-year average. However, the Federal Reserve’s current policy of raising interest rates could continue to decrease the growth of inflation.
Consumer spending growth remains relatively unchanged from last year and well below the 30-year average.
Source data: Bureau of Labor Statistics & Bureau of Economic Analysis
Data date: 11/18/2018
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