Economic Health Summary How Our Economic Health Score Works: This score combines key indicators with these weights: • GDP Growth: 25% • Unemployment: 20% • Inflation: 15% • Consumer Confidence: 15% • Treasury Yields: 10% • Housing Starts: 10% • Industrial Production: 5% How to read this score: • 0-30: Recession • 30-45: Below-trend • 45-55: Normal • 55-70: Strong • 70-100: Expansion
Recession
Below-trend
Normal
Strong
Expansion
The economy is near its long-term trend. Conditions are balanced.
Current Macroeconomic Indicators
Understanding the Trend Indicators
Symbol Meanings
↑
Upward Trend
↓
Downward Trend
→
Stable/No Change
(10.5%)
Percentage Change
Comparison Timeframes
- Monthly indicators (Unemployment, Consumer Confidence): Compared to 5 months ago
- Quarterly indicators (GDP): Compared to previous quarter
- Annual indicators (Inflation Rate, GDP Growth Rate): Compared to same period last year
A "period" depends on how often the data is collected. Learn more about FRED data
Hover over the icon next to each indicator for detailed information.
Filter Indicators
| Indicator | Current Value | 10-Year Avg | Status | Description |
|---|---|---|---|---|
| Unemployment Rate (%) | 4.4 ↑ (2.33%) ↑ Upward Trend: Compared to 5 months ago, this indicator has increased by 2.33%. This is generally considered less favorable for this metric. | 4.58 | Normal Range | Percentage of the labor force that is unemployed and actively seeking employment. |
| Inflation Rate (YoY %) | N/A | 1.06 | Not Available | Annual percentage change in the Consumer Price Index (CPI), measuring inflation. |
| GDP Growth Rate (Annualized %) | 8.28 ↑ (4.38%) ↑ Upward Trend: Compared to the same period last year, this indicator has increased by 4.38%. This is generally considered favorable for this metric. | 2.78 | Above Normal | Annualized percentage change in real GDP, indicating economic growth. |
| Federal Funds Rate (%) | 4.14 ↓ (-14.09%) ↓ Downward Trend: Compared to 5 periods ago, this indicator has decreased by 14.09%. This is generally considered less favorable for this metric. | 2.19 | Above Normal | Interest rate at which banks lend to each other overnight, set by the Federal Reserve. |
| 10-Year Treasury Yield (%) | 4.14 ↓ (-5.69%) ↓ Downward Trend: Compared to 5 periods ago, this indicator has decreased by 5.69%. This is generally considered less favorable for this metric. | 2.7 | Above Normal | Yield on 10-year U.S. Treasury bonds, indicating long-term interest rate expectations. |
| Consumer Confidence Index | 52.9 ↓ (-14.26%) ↓ Downward Trend: Compared to 5 months ago, this indicator has decreased by 14.26%. This is generally considered less favorable for this metric. | 79.66 | Below Normal | Survey-based measure of consumers' optimism about the economy. |
| Nonfarm Payrolls (thousands) | 159526.0 ↑ (0.01%) ↑ Upward Trend: Compared to 5 months ago, this indicator has increased by 0.01%. This is generally considered favorable for this metric. | 150495.72 | Normal Range | Total number of employees in non-agricultural businesses in the U.S. |
| Housing Starts (thousands) | 1246.0 ↓ (-2.81%) ↓ Downward Trend: Compared to 5 months ago, this indicator has decreased by 2.81%. This is generally considered less favorable for this metric. | 1361.45 | Normal Range | Number of new residential construction projects started each month. |
| Industrial Production Index | 102.325 ↑ (0.42%) ↑ Upward Trend: Compared to 5 periods ago, this indicator has increased by 0.42%. This is generally considered favorable for this metric. | 100.19 | Normal Range | Measure of real output in manufacturing, mining, and utilities sectors. |
| Retail Sales (% Change YoY) | 635651.0 ↑ (3.33%) ↑ Upward Trend: Compared to 5 periods ago, this indicator has increased by 3.33%. This is generally considered favorable for this metric. | 577873.43 | Above Normal | Year-over-year percentage change in retail and food service sales. |