# FRED Graph  Excel (data)  CSV (data)  Image (graph)  PowerPoint (graph)  PDF (graph)

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EDIT LINE 1

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(b) Civilian Unemployment Rate, Percent, Seasonally Adjusted (UNRATE)

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(c) Capacity Utilization: Total Industry, Percent of Capacity, Seasonally Adjusted (TCU)

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(d) Real Gross Domestic Product, Billions of Chained 2009 Dollars, Seasonally Adjusted Annual Rate (GDPC1)

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#### Customize data:

Write a custom formula to transform one or more series or combine two or more series.

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Finally, you can change the units of your new series.

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EDIT LINE 2
(a) Real Gross Domestic Product, Billions of Chained 2009 Dollars, Seasonally Adjusted Annual Rate (GDPC1)
BEA Account Code: A191RX

Real gross domestic product is the inflation adjusted value of the goods and services produced by labor and property located in the United States.For more information see the Guide to the National Income and Product Accounts of the United States (NIPA) - (http://www.bea.gov/national/pdf/nipaguid.pdf)

Real Gross Domestic Product

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(b) Real Potential Gross Domestic Product, Billions of Chained 2009 Dollars, Not Seasonally Adjusted (GDPPOT)

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#### Customize data:

Write a custom formula to transform one or more series or combine two or more series.

You can begin by adding a series to combine with your existing series.

Now create a custom formula to combine or transform the series.
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Finally, you can change the units of your new series.

Select a date that will equal 100 for your custom index:

#### Add data series to graph:

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NOTES

Release: Productivity and Costs

Frequency:  Quarterly

#### Suggested Citation:

U.S. Bureau of Labor Statistics, Nonfarm Business Sector: Labor Share [PRS85006173], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/PRS85006173, July 22, 2018.

Release: Employment Situation

Frequency:  Monthly

#### Notes:

The unemployment rate represents the number of unemployed as a percentage of the labor force. Labor force data are restricted to people 16 years of age and older, who currently reside in 1 of the 50 states or the District of Columbia, who do not reside in institutions (e.g., penal and mental facilities, homes for the aged), and who are not on active duty in the Armed Forces.

This rate is also defined as the U-3 measure of labor underutilization.

The series comes from the 'Current Population Survey (Household Survey)'

The source code is: LNS14000000

#### Suggested Citation:

U.S. Bureau of Labor Statistics, Civilian Unemployment Rate [UNRATE], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/UNRATE, July 22, 2018.

Units:  Percent of Capacity, Seasonally Adjusted

Frequency:  Monthly

#### Notes:

Capacity Utilization: Total Industry (TCU) is the percentage of resources used by corporations and factories to produce goods in manufacturing, mining, and electric and gas utilities for all facilities located in the United States (excluding those in U.S. territories).(1) We can also think of capacity utilization as how much capacity is being used from the total available capacity to produce demanded finished products.

Capacity utilization indexes are constructed for 71 industries in manufacturing, 16 in mining, and 2 in utilities. (1) Physical data on capacity utilization are primarily compiled from trade sources and government sources, such as the U.S. Geological Survey and the U.S. Energy Information Administration.(1) When physical data are unavailable, capacity utilization data are compiled from the U.S. Census Bureau’s Quarterly Survey of Plant Capacity Utilization, which provides data for almost 70 percent of total industry capacity.(1) Additionally, the capacity index is developed on a monthly basis, designed to be consistent with the production index.(1)
According to the Board of Governors of the Federal Reserve System, the capacity index tries to conceptualize the idea of sustainable maximum output, which is defined as the highest level of output a plant can sustain within the confines of its resources. The Board of Governors defines the seasonally adjusted capacity utilization rate as the output index divided by the capacity index. The capacity utilization rate can also implicitly describe how efficiently the factors of production (inputs in the production process) are being used. (1) It sheds light on how much more firms can produce without additional costs. Additionally, this rate gives manufacturers some idea as to how much consumer demand they will be able to meet in the future.
The Federal Reserve strives to construct a capacity index consistent with time by using different relevant data sources.(1) Developing an index that is reasonable given the time period is the primary aim for this index, but there are still some difficulties. Extensive technological and structural changes have and will continue to occur, affecting the degree of tightness the Federal Reserve index of capacity utilization will represent.(2) In addition, each series of capacity utilization is flawed by commission; therefore, they should be used with caution.(2)
References
(1) Board of Governors of the Federal Reserve System. “Industrial Production and Capacity Utilization.” Statistical release G.17;. May 15, 2013.
(2) Bauer, Paul W. and Deily, Mary E. “A User’s Guide to Capacity- Utilization Measures.” Economic Commentary. Federal Reserve Bank of Cleveland, July 1, 1988; https://www.clevelandfed.org/newsroom-and-events/publications/economic-commentary/economic-commentary-archives/1988-economic-commentaries/ec-19880701-a-users-guide-to-capacity-utilization-measures.aspx.

#### Suggested Citation:

Board of Governors of the Federal Reserve System (US), Capacity Utilization: Total Industry [TCU], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/TCU, July 22, 2018.

Release: Gross Domestic Product

Units:  Billions of Chained 2009 Dollars, Seasonally Adjusted Annual Rate

Frequency:  Quarterly

#### Notes:

BEA Account Code: A191RX

Real gross domestic product is the inflation adjusted value of the goods and services produced by labor and property located in the United States.For more information see the Guide to the National Income and Product Accounts of the United States (NIPA) - (http://www.bea.gov/national/pdf/nipaguid.pdf)

#### Suggested Citation:

U.S. Bureau of Economic Analysis, Real Gross Domestic Product [GDPC1], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/GDPC1, July 22, 2018.

Release: Budget and Economic Outlook

Units:  Billions of Chained 2009 Dollars, Not Seasonally Adjusted

Frequency:  Quarterly

#### Notes:

Real potential GDP is the CBO’s estimate of the output the economy would produce with a high rate of use of its capital and labor resources. The data is adjusted to remove the effects of inflation.

#### Suggested Citation:

U.S. Congressional Budget Office, Real Potential Gross Domestic Product [GDPPOT], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/GDPPOT, July 22, 2018.

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