Focus on Economic Data: Productivity - April 2002
Type:
E-book, Lesson PlanDescription:
The Bureau of Labor Statistics of the U.S. Department of Labor today reported new productivity data -- as measured by output per hour of all persons -- for the first quarter of 2002. The seasonally-adjusted annual rates of productivity growth in the first quarter
Subjects:
- Social Studies > General
- Social Studies > Economics
Education Levels:
- Grade 9
- Grade 10
- Grade 11
- Grade 12
Keywords:
Economic Growth - Nominal Gross Domestic Product (GDP) - Per Capita Gross Domestic Product (GDP) - Production - Productivity - Real Gross Domestic Product (GDP)Language:
EnglishAccess Privileges:
MembersLicense Deed:
Creative Commons Attribution Non-CommercialCollections:
None
CURRENT KEY ECONOMIC INDICATORS
as of May 5, 2013Inflation
On a seasonally adjusted basis, the Consumer Price Index for All Urban Consumers decreased 0.2 percent in March after increasing 0.7 percent in February. The index for all items less food and energy rose 0.1 percent in March after rising 0.2 percent in February.
Employment and Unemployment
Total nonfarm payroll employment rose by 165,000 in April, and the unemployment rate was little changed at 7.5 percent. Employment increased in professional and business services, food services and drinking places, retail trade, and health care.
Real GDP
Real gross domestic product increased at an annual rate of 2.5 percent in the first quarter of 2013 (that is, from the fourth quarter to the first quarter), according to the "advance" estimate released by the Bureau of Economic Analysis. In the fourth quarter, real GDP increased 0.4 percent.
Federal Reserve
To support continued progress toward maximum employment and price stability, the Committee expects that a highly accommodative stance of monetary policy will remain appropriate for a considerable time after the asset purchase program ends and the economic recovery strengthens. In particular, the Committee decided to keep the target range for the federal funds rate at 0 to 1/4 percent and currently anticipates that this exceptionally low range for the federal funds rate will be appropriate at least as long as the unemployment rate remains above 6-1/2 percent...
For the complete lesson, go to Focus on Economic Data: Productivity - April 2002 on EconEdLink.
