Key Economic Data
Unemployment Rate
2017 4.1% 3.5% 4.7%
2018 3.9% 2.7% 4.6%
2019 3.5% 2.4% 4.0%
2020 6.7% 2.8% 11.0%
2021 5.7% 3.7% 5.6%
2022 est.
National
3.7% 2.8% 5.2%
Orange County
LA County
Labor Force Participation Rate 2017
2018 63.1% 62.4%
2019 63.2% 62.8%
2020 61.5% 60.1%
2021 61.9% 61.1%
2022 est.
National California
62.7% 62.9%
62.4% 62.4%
Real GDP
2017
2018
2019
2020
2021
2022 est.
Real GDP - Billions $
$18,224
$18,752 $19,090 $18,385 $19,427 $19,700
Real GDP - Annual % Change
2.5%
2.9%
1.8%
-3.7%
5.7%
1.4%
Inflation Measures
2017 2.1%
2018 1.9%
2019 2.3%
2020 1.9%
2021 3.4%
2022 est.
CPI - Annual % Change
7.2%
Interest Rates
2017 1.50% 4.50% 2.58% 4.00%
2018 2.00% 5.50% 2.69% 4.55%
2019 1.55% 4.75% 1.92% 3.73%
2020 0.08% 3.25% 0.93% 2.67%
2021 0.10% 3.25% 1.45% 2.96%
2022 est.
Federal Funds Rate
3.00% 5.50% 2.90% 6.00%
Prime Rate
Treasury Bond, 10-Year
30-Year Mortgage
Housing Starts - US
2017 1,267
2018 1,142 213.9 -9.9% 4.0%
2019 1,291 212.0 13.0% -0.9%
2020 1,395 234.4 8.1% 10.6%
2021 1,605 278.7 15.1% 18.9%
2022 est.
Housing Starts (thousands)
1,446 308.2 -9.9% 10.6%
Home Price Index (year 2000 = 100) 205.7
Housing Starts - % Change Home Prices - % Change
-1.6% 6.2%
38 Financial Salary Guide & Employment Outlook 2023
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