Economic Snapshot

1st Quarter 2002

Q2-01 Q3-01 Q4-01 Q1-02
Growth Rate—Real Gross Domestic Product 0.3% -1.3% 1.7% NA*
Inflation Rate—Consumer Price Index 3.1% 0.8% -0.3% 1.4%
Civilian Unemployment Rate 4.5% 4.8% 5.6% 5.6%

*Not available

Graph from April 2002 issue of National Economic Trends.

Who is counted as employed?

According to the Bureau of Labor Statistics, people are considered employed if they did any work at all for pay or profit during the week in which the employment survey was conducted. This includes all part-time and temporary work, as well as regular full-time, year-round employment.

Who is counted as unemployed?

Civilian, noninstitutional persons 16 years of age or older are classified as unemployed if they do not have a job, have actively looked for work in the prior four weeks and are currently available for work.


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Additional Fed Publications

Fed in Print: An index of the economic research conducted by the Fed.