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Inflation Unemployment realGDPgrowth realMedianWage notes
2.2% 4.2 3.3% 371 Goldilocks economy
2.0% 4.7 2.1% 352 moderate GDP growth
1.7% 3.6 1.3% 367 low GDP growth
2.7% 6.1 1.8% 373 high unemployment
1.6% 6.4 1.8% 373 high unemployment
0.5% 13.2 -7.5% 393 high unemployment
3.4% 3.5 3.2% 366 high inflation
6.6% 3.6 2.3% 362 high inflation
7.0% 3.6 4.0% 362 high inflation
observation Unemployment Inflation FedFunds realMedianWage realGDPgrowth notes
Jan-2017 4.7 2.0% 0.65 352 2.1% January 20, 2017: Trump inauguration.
Jan-2020 3.6 1.7% 1.55 367 1.3% pre-pandemic economy
May-2020 13.2 0.5% 0.05 393 -7.5% April 2020: COVID recession official end.
Jan-2021 6.4 1.6% 0.09 373 1.8% January 20, 2021: Biden inauguration.
Mar-2021 6.1 2.7% 0.07 373 1.8% March 11, 2021: American Rescue Plan Act signed into law.
Mar-2022 3.6 7.0% 0.2 362 4.0% March 16, 2022: Fed starts raising the Fed rate.
Aug-2022 3.6 6.6% 2.33 362 2.3% August 16, 2022: Inflation Reduction Act of 2022 signed into law.
Jul-2023 3.5 3.4% 5.12 366 3.2% July 26, 2023: The Fed stops raising the Fed rate.
Aug-2024 4.2 2.2% 5.33 371 3.3% today
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