Key Economic Data
Unemployment Rate
2016 4.7% 4.0% 5.2%
2017 4.1% 3.5% 4.7%
2018 3.9% 2.7% 4.6%
2019 3.5% 2.4% 4.0%
2020 6.7% 9.5%
2021 est.
National
5.0% 6.0% 9.0%
Orange County
LA County
12.3%
Labor Force Participation Rate 2016 2017
2018
2019
2020
2021 est.
National California
62.7% 62.2%
62.7% 62.9%
63.1% 62.4%
63.2% 62.5%
61.5% 60.0%
61.7% 61.2%
Real GDP
2016
2017
2018
2019
2020
2021 est.
Real GDP - Billions $
$17,784
$18,224 $18,752 $19,090 $18,768 $19,400
Real GDP - Annual % Change
1.9%
2.5%
2.9%
1.8%
-1.7%
3.4%
Inflation Measures
2016 1.3%
2017 2.1%
2018 1.9%
2019 2.3%
2020 1.4%
2021 est.
CPI - Annual % Change
5.3%
Interest Rates
2016
2017
2018
2019
2020
2021 est.
Federal Funds Rate
0.75% 3.75% 2.45% 4.30%
1.50% 4.50% 2.58% 4.00%
2.00% 5.35% 2.69% 4.55%
1.55% 4.75% 1.92% 3.73%
0.08% 3.25% 0.93% 2.67%
0.10% 3.25% 1.35% 2.90%
Prime Rate
Treasury Bond, 10-Year
30-Year Mortgage
Housing Starts - US
2016 1,287
2017 1,267 205.7 -1.6% 6.2%
2018 1,142 213.9 -9.9% 4.0%
2019
2020 1,661 242.2 7.4% 10.2%
2021 est.
Housing Starts (thousands)
1,547 219.8 35.5%
1,650 270.0 -0.7% 11.5%
Home Price Index (year 2000 = 100) 193.7
Housing Starts - % Change Home Prices - % Change
11.2%
5.3%
2.8%
34 Financial Salary Guide & Employment Outlook 2022
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