Investor Presentaiton
Condition of U.S. Economy
Labor market:
Seasonally adjusted unemployment, January 2021 = 10.1 million
(6.3% unemployment rate)
Seasonally adjusted unemployment, November 2021 = 6.8 million
(4.2% unemployment rate)
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Labor market participation rate January 2021 = 61.4%
Labor market participation rate December 2021 = 61.9%
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Participation rate well below pre-pandemic peak
Real GDP increase of 2.3% at an annual rate in the third quarter of
2021, following an increase of 6.7% annual rate in the second quarter
Resurgence of COVID-19 cases resulted in new restrictions and
delays in some parts of the country
Government assistance payments from forgivable loans to
businesses, grants to states and local governments, and social
benefits all decreased in the third quarter
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