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Alex Damianou
3
0
167
Annual Real GDP, %-change y/y

US GDP increased 2.1% in 2022 after increasing 5.9% in 2021.


Gross domestic product (GDP) fell in the first half of 2022 but grew in the second half. GDP reached $25.5 trillion in 2022.


#economy #sotu


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Alex Damianou
3
0
282
State Unemployment Rates

The US unemployment rate in January 2023 was 3.4%


#economy #sotu


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Alex Damianou
2
0
22
US federal debt climbs

The national debt hit $30.9 trillion last fiscal year.


The federal debt held by the public is equivalent to 94.5% of GDP, similar to the 94.7% ratio of FY 2021, but higher than the average of 71.3% in the 10 years before the pandemic.


#economy #sotu


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Alex Damianou
2
0
12
Household wealth

Wealth fell for all income quintiles except the bottom 20% over the first three quarters of 2022.


This was due to the loss of wealth in stocks and mutual fund shares, and retirement accounts.


Wealth for all groups remains above pre-pandemic levels.


#economy #sotu


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Alex Damianou
2
1
62
"Student Loan Debt in USA"

According to the Federal Reserve, the level of outstanding student debt in the United States reached $1.75 trillion by the end of 2021.


As the chart shows, the student debt burden has more than tripled over the past 15 years, which is one of the reasons for the calls for student debt relief to grow louder and more frequent.


Student loans are the second largest category of household debt in the U.S., trailing housing debt by a wide margin.


Auto loans are the third largest category, currently standing at $1.3 trillion.


#economy #debt


Source: Board of Governors of the Federal Reserve System (US)


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Factle App
2
2
345
"Top 21 Highest Poverty Rate by US State"

Percentage of People in Poverty by State Using 3-Year Average: 2018-2020

View full 50 State dataset below or here

#sotu #poverty #trivia #factle #top5

Source: US Census Bureau

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Andrew
2
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33
"Active Shooter Incidents In the US"

Number of Active Shooter Incidents in the US from 2000 to 2020; data from the Federal Bureau of Investigation and USA Facts.

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Patrick Russo
2
0
32
"Avg Hrly Earnings (Prod&Nonsupervisory)"

In real terms, Average Hourly Earnings relatively high compared to the last 20 years.

#economy #sotu #fred


Return to State of the Union 2022 project by OpenAxis

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Patrick Russo
0
0
28
"Avg Hourly Earnings (Prod&Nonsupervisory)"

In real terms, Average Hourly Earnings have been trending up since the mid-90's.

#economy #sotu #fred


Return to State of the Union 2022 project by OpenAxis

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