Data in this graph are copyrighted. Please review the copyright information in the series notes before sharing.
Source: Federal Reserve Bank of Atlanta
Release: GDPNow
Units: Percent Change at Annual Rate, Seasonally Adjusted Annual Rate
Frequency: Quarterly
GDPNow is a nowcasting model for gross domestic product (GDP) growth that synthesizes the bridge equation approach relating GDP subcomponents to monthly source data with factor model and Bayesian vector autoregression approaches. The GDPNow model forecasts GDP growth by aggregating 13 subcomponents that make up GDP with the chain-weighting methodology used by the US Bureau of Economic Analysis.
The Federal Reserve Bank of Atlanta's GDPNow release complements the quarterly GDP release from the Bureau of Economic Analysis (BEA). The Atlanta Fed recalculates and updates their GDPNow forecasts (called "nowcasts") throughout the quarter as new data are released, up until the BEA releases its "advance estimate" of GDP for that quarter. The St. Louis Fed constructs a quarterly time series for this dataset, in which both historical and current observations values are combined. In general, the most-current observation is revised multiple times throughout the quarter. The final forecasted value (before the BEA's release of the advance estimate of GDP) is the static, historical value for that quarter.
For futher information visit the Federal Reserve Bank of Atlanta.
Federal Reserve Bank of Atlanta, GDPNow [GDPNOW], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/GDPNOW, May 13, 2024.
Source: U.S. Bureau of Labor Statistics
Release: Employment Situation
Units: Index 2007=100, Seasonally Adjusted
Frequency: Monthly
Indexes of aggregate weekly hours are calculated by dividing the current month's aggregate hours by the average of the 12 monthly figures, for the base year. For basic industries, the hours aggregates are the product of average weekly hours and employment of workers to which the hours apply (all employees or production and nonsupervisory employees). At all higher levels of industry aggregation, hours aggregates are the sum of the component aggregates.
The series comes from the 'Current Employment Statistics (Establishment Survey).'
The source code is: CES0500000016
U.S. Bureau of Labor Statistics, Indexes of Aggregate Weekly Hours of All Employees, Total Private [AWHAE], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/AWHAE, May 13, 2024.
Source: U.S. Bureau of Labor Statistics
Release: Productivity and Costs
Units: Index 2017=100, Seasonally Adjusted
Frequency: Quarterly
The Productivity and Costs release on August 7, 2003, will reflect the June 2003 benchmark revision to payroll employment. Since employment is now reported on a North American Industry Classification System (NAICS) basis, all of the historical data will be revised. Changes as a consequence of the move to NAICS should not be significant since this release carries data at high levels of aggregation.
U.S. Bureau of Labor Statistics, Nonfarm Business Sector: Labor Productivity (Output per Hour) for All Workers [OPHNFB], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/OPHNFB, May 13, 2024.
Indexes of Aggregate Weekly Hours of All Employees, Total Private
Monthly, Not Seasonally AdjustedNonfarm Business Sector: Labor Productivity (Output per Hour) for All Workers
Percent Change at Annual Rate, Quarterly, Seasonally Adjusted Percent Change from Quarter One Year Ago, Quarterly, Seasonally Adjusted