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 ↑ (4.76%) ↑ Upward Trend: Compared to 5 months ago, this indicator has increased by 4.76%. This is generally considered less favorable for this metric. | 4.59 | Normal Range | Percentage of the labor force that is unemployed and actively seeking employment. |
| Inflation Rate (YoY %) | 3.02 ↑ (3.02%) ↑ Upward Trend: Compared to the same period last year, this indicator has increased by 3.02%. This is generally considered less favorable for this metric. | 3.15 | Above Normal | Annual percentage change in the Consumer Price Index (CPI), measuring inflation. |
| GDP Growth Rate (Annualized %) | 6.04 ↑ (3.84%) ↑ Upward Trend: Compared to the same period last year, this indicator has increased by 3.84%. This is generally considered favorable for this metric. | 2.73 | Above Normal | Annualized percentage change in real GDP, indicating economic growth. |
| Federal Funds Rate (%) | 4.09 ↓ (-10.39%) ↓ Downward Trend: Compared to 5 periods ago, this indicator has decreased by 10.39%. This is generally considered less favorable for this metric. | 2.16 | Above Normal | Interest rate at which banks lend to each other overnight, set by the Federal Reserve. |
| 10-Year Treasury Yield (%) | 4.09 ↓ (-6.62%) ↓ Downward Trend: Compared to 5 periods ago, this indicator has decreased by 6.62%. This is generally considered less favorable for this metric. | 2.68 | Above Normal | Yield on 10-year U.S. Treasury bonds, indicating long-term interest rate expectations. |
| Consumer Confidence Index | 53.6 ↑ (2.68%) ↑ Upward Trend: Compared to 5 months ago, this indicator has increased by 2.68%. This is generally considered favorable for this metric. | 80.23 | Below Normal | Survey-based measure of consumers' optimism about the economy. |
| Nonfarm Payrolls (thousands) | 159626.0 ↑ (0.12%) ↑ Upward Trend: Compared to 5 months ago, this indicator has increased by 0.12%. This is generally considered favorable for this metric. | 150205.06 | Normal Range | Total number of employees in non-agricultural businesses in the U.S. |
| Housing Starts (thousands) | 1307.0 ↓ (-3.54%) ↓ Downward Trend: Compared to 5 months ago, this indicator has decreased by 3.54%. This is generally considered less favorable for this metric. | 1361.28 | Normal Range | Number of new residential construction projects started each month. |
| Industrial Production Index | 101.4279 ↑ (0.3%) ↑ Upward Trend: Compared to 5 periods ago, this indicator has increased by 0.3%. This is generally considered favorable for this metric. | 100.13 | Normal Range | Measure of real output in manufacturing, mining, and utilities sectors. |
| Retail Sales (% Change YoY) | 632541.0 ↑ (4.26%) ↑ Upward Trend: Compared to 5 periods ago, this indicator has increased by 4.26%. This is generally considered favorable for this metric. | 574035.58 | Above Normal | Year-over-year percentage change in retail and food service sales. |