United States Congress Joint Economic Committee

New York

December 2024

Labor Market (BLS/Haver)
Most Recent Prior Month 12 Mo. Prior
New York Unemployment (U-3) 4.2% 4.2% 4.7%
U.S. Official Rate (U-3) 3.7% 3.7% 3.4%
U.S. "Real" Rate (U-6) 7.0% 7.1% 6.7%
New York Labor Force Participation Rate 60.6% 60.5% 60.1%
U.S. Labor Force Participation Rate 62.6% 62.7% 62.7%
Prices (BLS/Haver, AAA)
Most Recent Prior Month 12 Mo. Prior
CPI-U Inflation 3.4% 3.1% 6.5%
"Core" CPI Inflation 3.9% 4.0% 5.7%
National Gas/gal. Updated 12/9/24 12:00 AM $3.02 $3.09 $3.17
New York Gas/gal. $3.15 $3.17 $3.49
Northeast Region: Loaf of Bread $2.06 $2.06 $1.80
Northeast Region: Ground Beef/lb. $3.85 $3.74 $4.16
Economic Growth (BEA, WSJ/Haver)
U.S. Real GDP
Q2/2024 (3rd Estimate)
3.0%
NY Real GDP
Q2/2024
3.8%
S&P 500 (YTD)
0.29% Updated 1/16/24 5:00 AM
Minimum Wage (DOL/WHD)
National Hourly Rate
$7.25
NY Hourly Rate
$13.20
Last Generated: 12/9/24 10:05 AM