top of page

President of Kansas City Federal Reserve Branch, Esther George, addresses economic outlook

"Since the pandemic upended the global economy a little over a year ago, we have made considerable progress along the path to economic recovery. By many measures, the gaps that opened in early 2020 have narrowed. Real gross domestic product (GDP), the broadest measure of the nation’s economic output, increased at a robust 6½% annual rate in the first quarter. The unemployment rate, at just over 6% in April, has improved considerably from its peak a year ago of nearly 15%.

That progress alone is reason to be optimistic. Even so, we remain more than 8 million jobs shy relative to pre-pandemic levels. While this shortfall partly reflects the still-elevated unemployment rate, another factor has been a decline in labor force participation, with many potential workers sitting on the sidelines."


Click here to read KC Fed President Esther George's complete message.

6 views0 comments

Recent Posts

See All

Investing vs. paying down debt.

So, you’re out in the world, adulting like crazy, making grownup money and choices — but maybe you’re also facing some grownup debt. One of the decisions you’ll be faced with is when to begin investin

Union Bank & Trust: MoneyBetter Podcast

Get ready for an authentic conversation about how to do Money Better by making financial decisions that are right for you. Through discussions with community members, bank experts, and local business


bottom of page