Page 26 - Market Outlook Q3 2024

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U.S. Economic Snapshot

U.S. CAPACITY UTILIZATION
U.S. Capacity Utilization Rate: Total Industry
U.S. Capacity Utilization: Total Industry is at 77.49%,
82.00% compared to 77.80% last month and 78.93% last year.
This is lower than the long-term average of 80.00%.
81.00%
80.00%

79.00%
78.00%

77.00%
76.00%
75.00%
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2024 2023 2022

Source: The Federal Reserve

U.S. LABOR FORCE PARTICIPATION
U.S. Labor Force Participation
U.S. Labor Force Participation Rate is at 62.70%,
62.90% compared to 62.70% last month and 62.80% last year.
62.80% This is lower than the long-term average of 62.84%.
62.70%
62.60%
62.50%
62.40%
62.30%
62.20%
62.10%
62.00%
61.90%
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2024 2023 2022

Source: Bureau of Labor Statistics