Contributions to Percent Change in Real Gross Domestic Product– Annualized Rate (Source: Bureau of Economic Analysis) 2021 Q3 2021 Q4 2022 Q1
GDP
2.3
6.9
-1.4 1.83 0.43 -0.48 -3.20
Personal Consumption
1.35 2.05 0.17 -1.26
1.76 5.82 -0.46 -0.23
Investment
Government Spending
Net Exports
Employment The chart below shows the roller coaster for U.S. employment from January 2019 through March 2022. Prior to the effects of COVID-19 on the economy, U.S. employment peaked at 152.5 million in February 2020. Two months later in April, employment dropped to 130.2 million. Since employment growth returned in May 2020, over 20 million jobs have been added back to the economy. In March 2022 employment was nearly 151 million, although still 1.5 million less than the pre-COVID February 2020 peak of 152 million.
All Employees, nonfarm Payrolls (seasonally adjusted) Source: U.S. Bureau of Labor Statistics
Central Wisconsin Report - Spring 2022
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