Page 22 - NTDA Market Outlook Q1 2024

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U.S. Economic Snapshot

U.S. CAPACITY UTILIZATION
U.S. Capacity Utilization Rate: Total Industry
US Capacity Utilization: Total Industry is at 78.25%,
81.50% compared to 78.26% last month and 79.55% last year.
81.00% This is lower than the long term average of 80.03%.
80.50%
80.00%
79.50%
79.00%
78.50%
78.00%
77.50%
77.00%
76.50%
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
US Labor Force Participation Rate is at 62.50%,
62.90% compared to 62.50% last month and 62.50% 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