2021 SPRING CONFERENCE

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Economy, Employment and Wages November 2019

The US economy continues to remain strong, increasing Household Net Worth by over $16.5 Trillion since January 2017. While Real GDP Growth slowed slightly in the third quarter due to fears of a protracted trade war with China and a UAW strike, unemployment remains historically low and the laborforce in the US continues to grow, rising to 63.3% in October. The consumer continues to benefit with Disposable Income increasing by over $5,500 since January of 2017 and Average Full-time Wage Offer growth up $2,353 and Real Hourly Earnings up 1.9% year-over-year.