Page 5 - US Market Performance Report 1Q 2018

1376 Stoneridge Circle | Escondido, CA 92029 | 800.228.5038 | www.dbmkt.com
With about half the population in the Millennial and Gen Z age segments, it can be anticipated that the needs and issues of these generations will become increasingly more important. Young household formation and eventual child bearing will place demands upon housing and education. Population migrations to lower cost-of-living areas will likely accelerate. The acceleration in both development and demand for automation throughout the economy should continue.
Economics
Currently, the US economy is in its ninth year of expansion, making this the second longest expansion in US history. (Only the Internet-Y2K tech expansion of 1991-2001 is longer.)
The chart on the right shows the real, in ation-adjusted gross domestic product (GDP) and the average GDP per non-farm employee.
The current expansion is characterized by somewhat slower growth rates (2.2% median since 1Q2010), slower growth rates in GDP per employee and at to slowly rising real average wages.
Real Gross Domestic Product (GDP)
in 2018 $'s
Real GDP
Per Employee
$24, 000,000, 000,000 $22, 000,000, 000,000 $20, 000,000, 000,000 $18, 000,000, 000,000 $16, 000,000, 000,000 $14, 000,000, 000,000 $12, 000,000, 000,000 $10, 000,000, 000,000
$8, 000,000, 000,000 $6, 000,000, 000,000 $4, 000,000, 000,000 $2, 000,000, 000,000
$0
1960 1965
1970 1975
1980 1985
1990 1995 2000 2005
2010 2015
$144, 000 $132, 000 $120, 000 $108, 000 $96, 000 $84, 000 $72, 000 $60, 000 $48, 000 $36, 000 $24, 000 $12, 000 $0
SOURCE: US
BUREAU OF E
CONOMIC A
NALYSIS
Page 3
Average Real GDP per Employee