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(Gross Domestic Product/Employment Level)-(Nominal Potential Gross Domestic Product/Total Population: All Ages including Armed Forces Overseas)


NOTES

Source: U.S. Congressional Budget Office  

Release: Budget and Economic Outlook  

Units:  Billions of Dollars, Not Seasonally Adjusted

Frequency:  Quarterly

Suggested Citation:

U.S. Congressional Budget Office, Nominal Potential Gross Domestic Product [NGDPPOT], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/NGDPPOT, May 10, 2024.

Source: U.S. Census Bureau  

Release: National Population Estimates  

Units:  Thousands, Not Seasonally Adjusted

Frequency:  Monthly

Notes:

The intercensal estimates for 1990-2000 for the United States population are produced by converting the 1990-2000 postcensal estimates prepared previously for the U. S. to account for differences between the postcensal estimates in 2000 and census counts (error of closure). The postcensal estimates for 1990 to 2000 were produced by updating the resident population enumerated in the 1990 census by estimates of the components of population change between April 1, 1990 and April 1, 2000-- births to U.S. resident women, deaths to U.S. residents, net international migration (incl legal & residual foreign born), and net movement of the U.S. armed forces and civilian citizens to the United States. Intercensal population estimates for 1990 to 2000 are derived from the postcensal estimates by distributing the error of closure over the decade by month. The method used for the 1990s for distributing the error of closure is the same that was used for the 1980s. This method produces an intercensal estimate as a function of time and the postcensal estimates,using the following formula: the population at time t is equal to the postcensal estimate at time t multiplied by a function. The function is the April 1, 2000 census count divided by the April 1, 2000 postcensal estimate raised to the power of t divided by 3653.

Suggested Citation:

U.S. Census Bureau, Total Population: All Ages including Armed Forces Overseas [POP], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/POP, May 10, 2024.

Source: U.S. Bureau of Labor Statistics  

Release: Employment Situation  

Units:  Thousands of Persons, Seasonally Adjusted

Frequency:  Monthly

Notes:

The civilian noninstitutional population is defined as: persons 16 years of age and older residing in the 50 states and the District of Columbia, who are not inmates of institutions (e.g., penal and mental facilities, homes for the aged), and who are not on active duty in the Armed Forces.

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

The source code is: LNS12000000

Suggested Citation:

U.S. Bureau of Labor Statistics, Employment Level [CE16OV], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/CE16OV, May 10, 2024.

Source: U.S. Bureau of Economic Analysis  

Release: Gross Domestic Product  

Units:  Billions of Dollars, Seasonally Adjusted Annual Rate

Frequency:  Quarterly

Notes:

BEA Account Code: A191RC

Gross domestic product (GDP), the featured measure of U.S. output, is the market 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) and the Bureau of Economic Analysis.

Suggested Citation:

U.S. Bureau of Economic Analysis, Gross Domestic Product [GDP], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/GDP, May 10, 2024.

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