💰 Federal Budget, Labor & Industry

Federal spending, deficit, healthcare, workforce, and industry data. Sources: USASpending.gov · BLS · BEA · CMS · Data.gov · FY2024.

FY2024 Deficit
$1.83T
6.4% of GDP · ▲18% vs FY2023
Total Outlays
$6.75T
23.6% of GDP
Total Receipts
$4.92T
17.2% of GDP
National Debt
$35.5T
123% of GDP
Interest on Debt
$882B
Largest discretionary cost
📅 Deficit / Surplus by Year ($ Billions)
💸 FY2024 Federal Outlays — $6.75 Trillion
📥 FY2024 Federal Receipts — $4.92 Trillion
🔒 Mandatory vs. Discretionary Spending

Mandatory spending is set by law (Social Security, Medicare, Medicaid). Discretionary requires annual Congressional appropriation.

📋 Key Budget Facts — FY2024
Categories
Total Spending / Capita
Spending / Capita
Total Health Spending
$4.87T
18.3% of GDP · $14,570/person
Medicare Outlays
$1.05T
67M enrollees · FY2024
Medicaid Outlays
$878B
88M enrollees · Fed + State
VA Health
$121B
9.1M veterans enrolled
Uninsured Rate
7.7%
25.3M Americans · 2023
🏥 National Health Expenditure — Who Pays?
💊 Federal Healthcare Programs — Outlays ($B)
📈 Healthcare Spending Growth
🔬 Top Causes of Healthcare Cost
🗂 Medicare & Medicaid by State — Per Enrollee ($)
StateMedicare/enrolleeMedicaid/enrolleeUninsured %
Total Employed
161M
Feb 2025 · BLS
Unemployment Rate
4.1%
6.6M unemployed
Labor Force Participation
62.4%
Ages 16+
Median Weekly Earnings
$1,165
Full-time workers · Q4 2024
Union Membership
9.9%
14.4M workers · 2024
👷 Largest Occupation Groups (Millions Employed)
📋 Top 20 Individual Occupations by Employment
#OccupationEmployedMedian Wage10-yr Outlook
🚀 Fastest Growing Occupations 2023–2033 (BLS Projections)
💵 Highest Paying Occupations — Median Annual Wage
🗺 Unemployment Rate by State — 2024
💰 Median Household Income by State
US GDP
$28.6T
2024 nominal · BEA
Goods-Producing
$5.2T
18.2% of GDP
Services
$21.8T
76.2% of GDP
Largest Industry
Finance
$5.8T · 20.3% of GDP
Manufacturing
$2.87T
10.0% of GDP · 12.8M jobs
🏭 Industry GDP Contribution — $28.6T Total
👥 Industry Employment (Millions)
📊 Industry Detail — GDP, Employment & Avg Wage
IndustryGDP ($B)GDP %Jobs (M)Avg Annual Wage
📦 Top Export Industries — Goods & Services
Combined State Budgets
$2.9T
All 50 states + D.C. · All Funds · FY2024
Avg Per Capita
$8,640
Spending per resident across all states
Federal Grants to States
$1.1T
~29% of total state revenues · NASBO
Balanced Budget Laws
49 / 51
All except Vermont · most require annual balance
Most Federal-Dependent
MS / NM
~44% of revenues from federal grants
💰 Largest State Budgets — Total All Funds ($B)
👤 Highest Per-Capita State Spending (excl. D.C.)
💵 State Revenue Sources — National Average
📊 Avg State Budget Allocation by Category
📋 All-State Budget Comparison — FY2024 Sorted by total budget · Sources: NASBO, Census Bureau, state budget offices
State Total ($B) Per Capita Education % Health % Transport % Fed Grants %