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Economic Pulse: Week of 1/24/25

2024, year in review

The economy grew at an annual rate of 2.6% during the first three quarters of 2024. Based on current data, last year’s economic growth is expected to be around 2.7%, which is better than the average for this century. The average unemployment rate for 2024 was 4%, well below this century’s average. The Valley’s average unemployment rate during the first 11 months of last year was 3.7%, yet another lowest for the century. Technically speaking, the economy is in a good place.

Click here for the latest Lehigh Valley Economic Review.

Listen to Economic Pulse Fridays at 5:44 PM during All Things Considered; Mondays at 7:30 AM during Morning Edition.

(Original air-date: 1/24/25)

Dr. Kamran Afshar is the host of the weekly WDIY feature Economic Pulse, and he currently serves on the Board of Directors for the Lehigh Valley Community Broadcasters Association as a Vice President.
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