Sure hope 2014 is better, but 2013 wasn’t so bad as the US economy continued to recover following the Great Recession and Financial Crisis.
1. US industrial production – the output of manufacturers, utilities and mines — finally surpassed its prerecession peak:
2. Americans finally felt wealthy enough to stop paying down debt. (This was the Business Insider “chart of the year.”):
3. The US economy generated another 2 million jobs in 2013, leaving the labor market about a million jobs short of its prerecession level:
4. A growing number of those jobs were full-time rather than part-time work:
5. The US budget deficit fell sharply and should continue to decline the next few years:
So some good news, but still plenty of work to do when you look at the shrunken share of Americans with jobs: