The Delinquency Rate is reported quarterly by the Board of Governors of the Federal Reserve and is an essential factor in determining the overall health and sustainability of an economy. It refers to the percentage of loans within the nation’s financial institution’s whose payments are declared delinquent. The Federal Reserve defines a delinquent loan or lease
A Budget Deficit occurs when government spending (outlays) is greater than its revenue (receipts). To break it down further, Outlays are payment obligations for specific programs and Receipts is the money generated through taxes. For the United States Federal Government, the three main sources for federal tax revenue are individual income tax (50% of all revenue),
Gross Domestic Product (GDP) is an economic indicator that is used to compare the standard of living between countries around the world. It is the currency value of all goods and services produced or all economic activity as measured during a specific time period. GDP is considered the king of economic metrics.
On April 3, 2020, the Bureau of Labor Statistics reported that 701,000 jobs were lost in March due to the COVID-19 pandemic (figure was later revised to -881,000). This brought an abrupt end to the longest stretch of job creation in United States history. Beginning in October of 2010 during
Retail Sales Growth measures consumer spending patterns and is one of the most useful indicators for forecasting the economy. It’s the quantity of goods and services purchased by consumers and businesses. Retail sales accounts for over two thirds of the country’s gross domestic product. Because of this, if a recession is looming