Economic data by Gusto.

We’re proud to support more than 300,000 growing US businesses. Our connection to these businesses, along with our payroll and HR expertise, gives us unique insight into today’s economy. Brought to you by our very own economists each month, the economic data tracker shows business trends by industry, state, metro area, gender, and more.

Growth, hiring, and termination rates.

Business employment trends are key indicators of current economic health among business owners and workers. Throughout the year, businesses may hire or let go of workers as demand fluctuates, and workers may join or leave based on seasonal patterns or economic confidence.

Average hourly earnings.

This graph measures the average amount of money employees earn per hour worked, an important indicator of the cost of labor for businesses and the economic power of workers. (Rising hourly pay, for instance, may indicate a group of workers is in high demand relative to their numbers in the labor market.)

Average weekly hours.

The average hours employees work per week is a leading indicator of future economic conditions. Businesses often increase employee hours before adding additional employees, and often decrease hours before shrinking headcount. Businesses can also substitute hours between different groups of workers based on seasonal patterns or economic conditions.

Current economic conditions by state.

Economic health varies considerably across the US: certain states may be experiencing robust growth, while others may be struggling. The dashboards above chart economic trends over time, and this panel offers a look at the geographic landscape of employment, hours, and wages at a given point in time.

Clipart of three people
Clipart of three people

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Questions about Gusto data? Contact us at [email protected].