The average monthly change, calculated by dividing the change in payroll employment from the fourth quarter of one calendar year to the fourth quarter of the next by 12. The employment cost index for wages and salaries of workers in private industries. The consumer price index for all urban consumers.ĭ. Real values are nominal values that have been adjusted to remove the effects of changes in prices.Ĭ. GDP = gross domestic product PCE = personal consumption expenditures.Ī. Sources: Congressional Budget Office Bureau of Economic Analysis Bureau of Labor Statistics Federal Reserve.
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