EU GDP Growth Rate by State, Fourth Quarter 2018

Jun 18, 2019
Gross Domestic Product Growth Rate in EU States

The chart above shows the annualized nominal gross domestic product (GDP) growth rate in each EU state as of the fourth quarter of 2018, the change from the previous quarter, and the GDP one year prior.  Sweden is the only state whose economy has shrunk from the previous year, but is also the state with the largest growth from the previous quarter.

US GDP Growth Rate by State, Fourth Quarter 2018

Jun 17, 2019
Gross Domestic Product Growth Rate in US States

The chart above shows the annualized nominal gross domestic product (GDP) growth rate in each US state as of the fourth quarter of 2018, the change from the previous quarter, and the growth rate one year prior.  Every single state's economy grew both over the past quarter and the past year.

EU and US Regional Unemployment Rates, April 2019

Jun 14, 2019
Unemployment Rate in EU and US Regions

The chart above shows the unemployment rate in each EU and US region as of April 2019 (unless otherwise noted - see caveats below), the change from the previous month, and the rate one year prior.  US regions continue to have considerably lower unemployment rates than EU regions with the Eastern EU being the only EU region that tops a US region.

US Regional Unemployment Rates, April 2019

Jun 13, 2019
Unemployment Rate in US Regions

The chart above shows the unemployment rate in each US region as of April 2019, the change from the previous month, and the rate one year prior.  The Western US was the only region to not see an improvement in its rate from last year.

EU Regional Unemployment Rates, April 2019

Jun 12, 2019
Unemployment Rate in EU Regions

The chart above shows the unemployment rate in each EU region as of April 2019 (unless otherwise noted - see caveats below), the change from the previous month, and the rate one year prior.  The Northern EU is the only region with an unemployment rate larger than the previous month as well as larger than last year.

EU and US Unemployment Rates, April 2019

Jun 11, 2019
Unemployment Rate in EU and US States

The chart above shows the unemployment rate in each EU and US state as of April 2019 (unless otherwise noted - see caveats below), the change from the previous month, and the rate one year prior.  Czechia is also the only EU state with an unemployment rate below three percent.  Twelve US states have a rate below three percent.

US Unemployment Rates, April 2019

Jun 10, 2019
Unemployment Rate in US States

The chart above shows the unemployment rate in each US state as of April 2019, the change from the previous month, and the rate one year prior.  Four states, Iowa, New Hampshire, North Dakota, and Vermont are the only states that continue to have an unemployment rate below 2.5 percent.

EU Unemployment Rates, April 2019

Jun 7, 2019
Unemployment Rate in EU States

The chart above shows the unemployment rate in each EU state as of April 2019 (unless otherwise noted - see caveats below), the change from the previous month, and the rate one year prior.  Czechia continues to be the only state with an unemployment rate below three percent even though its rate ticked up in April.

EU Long-Term Interest Rates, April 2019

Jun 6, 2019
Long-Term Interest Rates in EU States

The chart above shows the ten-year interest rate in each EU state as of April 2019, the change from the previous month, and the rate one year prior.  Germany is the only state with a negative interest rate.

Treasury Rate Movements, May 2019

Jun 5, 2019
US treasury rates by maturity

All rates fell in May.  The yield curve shrank from the previous month thus ending its one month widening streak.  The one-month bill did not maintain the lowest rate at any point in the month.  Long-term rates fell at a faster pace than short-term rates thus increasing the risk of an inversion brought upon by rising short-term rates.  Such an inversion, if it were to happen would be a strong indicator for an upcoming recession.  A side note: several financial analysts have recently pointed to inversions between particular rates like the three-year note having a higher rate than the five-year note as being indicators for a recession.  The data does not back this up.  The only type of inversion that has led to a recession reliably is one in which the highest rate is a shorter-term treasury than the lowest rate.  This is the only inversion that has predicted a recession seven out of eight times since 1962.  According to this measure, there is no recession in the foreseeable future.


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