As Grant Street Consultants reflects upon the end of 2019, we were fortunate – like many businesses – to have shared in a strong economy this past year. And, with 2020 fast approaching, let’s take a closer look at the strength of the US economy.
One of the most critical indicators of economic health is GDP- the measure of the nation’s production output. Currently the United States is at 2.2%, right within the ideal range of 2%-3%. Our national unemployment rate is 3.5%, the nation added 266,000 new jobs in November, and 80.3% of the prime working age population is employed.