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The recovery of the world's largest economy seemed oddly impervious to a second and then a third wave of coronavirus.
The recovery of the world's largest economy seemed oddly impervious to a second and then a third wave of coronavirus. Detail
The Real Gross Domestic Product (GDP) increased in the third quarter of 2020 at an annual rate of 33.4%. According to the estimated release of the Real GDP by the Bureau of Economic Analysis. In the second quarter, real GDP decreased 31.4%.
The chart and table above display annual U.S. inflation rates for the years from 2010 to 2020. According to the U.S. Labor Department data published on Dec 10, 2020, the annual inflation rate for the U.S. is 1.2% for the 12 months ended Nov 2020. The next inflation update is scheduled for release on January 13, 2021. It will offer the rate of inflation over the 12 months ended December 2020.
The U.S. unemployment rate edged down to 6.7% in November 2020 from the previous month's 6.9 percent and compared with market expectations of 6.8%, as fewer people looked for work. The number of unemployed fell by 326,000 to 10,700,000 and the employment level declined by 74,000 to 149,700,000. The labor force participation rate edged down to 61.5% in November, 1.9% points below its February level.
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