Shipments of manufactured durable goods in March, up ten of the last eleven months, increased $3.3 billion or 1.2 percent to $274.2 billion.
After over a 60% decline in shipments of Motor Vehicles and Parts early in the pandemic, shipments of Motor Vehicles and Parts were up 11% in nominal terms since January 2020.
Nondefense Capital Goods Excluding Aircraft shipments were up 22% over the same period.
Source: U.S. Census Bureau
In real terms, Average Hourly Earnings relatively high compared to the last 20 years.
In real terms, Average Hourly Earnings have been trending up since the mid-90's.
In January 2021, the Labor Force Participation Rate was 1.7% below it's December 2019 level.
The Labor Force Participation Rate for women was 1.7% below it's December 2019 level, but was still down 1.9% for men.
The labor force participation rate remains 1.2 percentage points below February 2020
Average Annual Unemployment Rate
2021's average annual unemployment rate was 5.4%, 2.7 percentage points lower than the previous year but still the second highest since 2015.
The US economy added 6.7 million jobs in 2021 after losing 9.3 million jobs in 2020.
All Employees, Total Nonfarm Change y-o-y
Change from preceding December, thousands of persons, non-farm.
Real GDP grew 5.7% in 2021 after decreasing 3.4% in 2020.