GDP and Personal Income Rise in All 50 States and the District of Columbia

Job creation in March exceeded expectations, with 303,000 jobs added to the U.S. economy, according to the latest report from the Labor Department’s Bureau of Labor Statistics (BLS). Nearly 15.2 million jobs have been created under President Biden and unemployment has remained under 4 percent—the longest stretch in 50 years.

In addition, according to the latest statistics from Commerce’s Bureau of Economic Analysis, both real gross domestic product—or GDP—and personal income increased in all 50 states and the District of Columbia in the fourth quarter of 2023. GDP increased in 18 of the 23 industry groups, with manufacturing and retail leading growth nationally. Construction activity, meanwhile, grew in 45 states and the District of Columbia.

For 2023, real—or inflation-adjusted—GDP increased in 49 states and the District of Columbia, while current dollar personal income increased in all 50 states and the District of Columbia. GDP increased in 17 of the 23 industry groups, with retail, professional, scientific, and technical services, and health care and social assistance, leading contributors to GDP growth nationally for the year.

Wages also continue to rise. According to BLS, over the past 12 months, average hourly earnings have increased by 4.1 percent.

“Over 15 million jobs have been created since President Biden took office and we continue to see economic growth in all 50 states and the District of Columbia,” said Secretary Raimondo. “That’s an extraordinary story of progress and a clear testament of President Biden’s commitment to building the economy from the middle out and bottom up.”

As part of his economic agenda, President Biden is committed to creating more jobs in the United States and an economy that works for all Americans.

For more information, see President Biden's statement on the March Jobs Report.

By the numbers is a blog series that showcases the Commerce Department’s economic indicators and how they impact the American economy.