Accessible Version

Part 1: Recent Economic and Financial Developments

Figure 1. Net change in payroll employment

Monthly
Thousands of jobs

Period Total nonfarm Private
January 2009 -738.0 -748.0
February 2009 -743.0 -748.3
March 2009 -776.0 -777.3
April 2009 -746.3 -779.0
May 2009 -613.7 -627.3
June 2009 -501.0 -506.3
July 2009 -383.3 -331.3
August 2009 -330.0 -303.3
September 2009 -255.7 -214.0
October 2009 -208.0 -209.0
November 2009 -142.7 -141.3
December 2009 -151.7 -162.0
January 2010 -84.7 -73.7
February 2010 -119.3 -100.3
March 2010 30.3 18.3
April 2010 108.3 82.3
May 2010 317.0 143.7
June 2010 211.7 137.7
July 2010 103.3 103.3
August 2010 -76.3 115.7
September 2010 -52.3 112.0
October 2010 66.7 157.3
November 2010 109.3 153.7
December 2010 155.3 149.0
January 2011 72.3 85.3
February 2011 102.3 126.3
March 2011 155.0 179.7
April 2011 255.3 280.0
May 2011 216.0 244.7
June 2011 217.0 226.3
July 2011 130.3 175.3
August 2011 139.3 176.7
September 2011 139.7 200.0
October 2011 187.3 204.3
November 2011 190.7 206.0
December 2011 180.0 189.7
January 2012 230.3 247.7
February 2012 273.7 281.7
March 2012 285.0 288.7
April 2012 194.3 199.3
May 2012 140.0 152.0
June 2012 84.7 89.0
July 2012 108.0 114.0
August 2012 131.7 130.0
September 2012 170.7 172.3
October 2012 172.3 175.7
November 2012 168.3 179.3
December 2012 184.3 197.0
January 2013 196.7 208.0
February 2013 237.0 237.7
March 2013 203.3 209.0
April 2013 202.3 202.3
May 2013 184.0 189.7
June 2013 199.0 209.0
July 2013 170.0 188.0
August 2013 176.0 187.0
September 2013 178.7 180.3
October 2013 218.7 213.7
November 2013 227.0 223.0
December 2013 186.3 191.3
January 2014 170.3 175.7
February 2014 137.3 143.3
March 2014 198.3 194.0
April 2014 248.3 235.3
May 2014 266.0 263.7
June 2014 290.7 270.0
July 2014 257.3 241.3
August 2014 246.3 238.7
September 2014 242.0 241.3
October 2014 252.3 247.0
November 2014 285.0 259.3
December 2014 271.0 254.3
January 2015 256.0 242.0
February 2015 243.3 227.3
March 2015 179.3 171.7
April 2015 208.3 192.0
May 2015 232.0 221.0
June 2015 263.0 249.3
July 2015 260.7 246.0
August 2015 195.0 179.0
September 2015 182.7 172.3
October 2015 198.0 196.7
November 2015 235.7 230.3
December 2015 284.7 264.7
January 2016 201.7 180.7
February 2016 200.7 178.0
March 2016 185.3 158.3
April 2016 225.7 202.3
May 2016 153.3 136.3
June 2016 169.3 162.7
July 2016 211.0 174.7
August 2016 251.0 226.0
September 2016 247.0 216.0
October 2016 177.7 179.0
November 2016 189.3 186.3
December 2016 171.0 168.3
January 2017 212.3 207.0
February 2017 202.7 189.3
March 2017 173.3 165.0
April 2017 160.3 153.0
May 2017 156.0 151.7
June 2017 190.0 181.0
July 2017 187.0 175.0
August 2017 206.7 197.3
September 2017 136.3 134.0
October 2017 155.0 153.0
November 2017 166.0 159.0
December 2017 218.0 209.3
January 2018 188.3 188.3
February 2018 225.0 219.0
March 2018 227.7 221.0
April 2018 236.0 220.3
May 2018 216.0 207.0
June 2018 242.7 228.0
July 2018 236.7 224.3
August 2018 240.7 218.3
September 2018 189.3 175.7
October 2018 222.3 213.0
November 2018 193.7 197.7
December 2018 231.7 230.3
January 2019 240.7 234.0

Note: The data are 3-month moving averages.

Source: Bureau of Labor Statistics via Haver Analytics.

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Figure 2. Labor force participation rates and employment-to-population ratio

Monthly
Percent

Period Labor force participation rate Employment-to-population ratio Prime-age labor force participation rate
January 2000 67.29 64.59 84.40
February 2000 67.33 64.56 84.40
March 2000 67.26 64.55 84.30
April 2000 67.33 64.74 84.40
May 2000 67.09 64.37 84.10
June 2000 67.11 64.45 84.10
July 2000 66.90 64.20 83.90
August 2000 66.93 64.19 83.80
September 2000 66.86 64.22 83.70
October 2000 66.83 64.24 83.60
November 2000 66.95 64.31 83.80
December 2000 67.02 64.39 83.90
January 2001 67.23 64.42 84.10
February 2001 67.12 64.27 84.10
March 2001 67.16 64.29 84.10
April 2001 66.92 64.00 83.70
May 2001 66.74 63.84 83.80
June 2001 66.69 63.68 83.60
July 2001 66.76 63.70 83.60
August 2001 66.51 63.24 83.50
September 2001 66.77 63.45 83.50
October 2001 66.74 63.17 83.60
November 2001 66.74 63.04 83.50
December 2001 66.71 62.89 83.70
January 2002 66.46 62.68 83.50
February 2002 66.76 62.97 83.70
March 2002 66.64 62.81 83.50
April 2002 66.69 62.73 83.60
May 2002 66.73 62.86 83.60
June 2002 66.61 62.75 83.20
July 2002 66.54 62.68 83.10
August 2002 66.56 62.75 83.20
September 2002 66.73 62.95 83.30
October 2002 66.55 62.75 83.20
November 2002 66.37 62.47 82.90
December 2002 66.32 62.37 83.10
January 2003 66.37 62.49 82.90
February 2003 66.37 62.46 83.00
March 2003 66.28 62.38 83.10
April 2003 66.42 62.41 83.20
May 2003 66.36 62.30 83.10
June 2003 66.54 62.34 83.30
July 2003 66.21 62.13 83.00
August 2003 66.11 62.10 83.00
September 2003 66.07 62.05 82.80
October 2003 66.08 62.14 82.90
November 2003 66.13 62.27 82.80
December 2003 65.94 62.20 82.80
January 2004 66.10 62.33 82.80
February 2004 65.98 62.31 82.70
March 2004 66.03 62.21 82.80
April 2004 65.92 62.26 82.70
May 2004 65.96 62.27 82.80
June 2004 66.07 62.36 82.90
July 2004 66.10 62.46 83.00
August 2004 65.97 62.40 82.70
September 2004 65.83 62.29 82.70
October 2004 65.92 62.33 82.60
November 2004 66.02 62.49 82.70
December 2004 65.91 62.38 82.60
January 2005 65.84 62.38 82.70
February 2005 65.93 62.38 82.80
March 2005 65.88 62.45 82.60
April 2005 66.06 62.66 82.70
May 2005 66.14 62.75 82.90
June 2005 66.06 62.73 82.60
July 2005 66.08 62.80 82.80
August 2005 66.15 62.91 82.90
September 2005 66.15 62.82 82.90
October 2005 66.09 62.81 82.70
November 2005 66.05 62.72 82.70
December 2005 65.97 62.77 82.70
January 2006 66.01 62.91 82.80
February 2006 66.14 62.99 82.90
March 2006 66.15 63.05 83.00
April 2006 66.12 63.00 82.80
May 2006 66.13 63.08 82.80
June 2006 66.19 63.13 82.80
July 2006 66.13 62.99 83.00
August 2006 66.20 63.11 82.90
September 2006 66.11 63.12 82.90
October 2006 66.20 63.27 82.90
November 2006 66.29 63.30 83.00
December 2006 66.37 63.44 83.10
January 2007 66.40 63.31 83.40
February 2007 66.27 63.27 83.20
March 2007 66.25 63.33 83.20
April 2007 65.92 62.96 83.00
May 2007 65.95 63.03 83.00
June 2007 66.05 63.04 82.90
July 2007 65.98 62.90 82.90
August 2007 65.78 62.74 82.90
September 2007 66.00 62.91 82.80
October 2007 65.82 62.71 82.70
November 2007 66.04 62.93 82.90
December 2007 66.02 62.74 83.10
January 2008 66.23 62.93 83.30
February 2008 66.00 62.78 83.20
March 2008 66.06 62.70 83.30
April 2008 65.94 62.66 83.10
May 2008 66.11 62.51 83.10
June 2008 66.05 62.38 83.10
July 2008 66.05 62.23 83.10
August 2008 66.06 62.02 83.20
September 2008 65.95 61.90 83.10
October 2008 66.01 61.72 83.00
November 2008 65.85 61.36 83.00
December 2008 65.80 61.00 82.80
January 2009 65.69 60.56 82.80
February 2009 65.79 60.29 82.80
March 2009 65.56 59.85 82.60
April 2009 65.67 59.78 82.80
May 2009 65.72 59.57 82.90
June 2009 65.65 59.41 82.90
July 2009 65.50 59.31 82.80
August 2009 65.36 59.08 82.80
September 2009 65.09 58.74 82.50
October 2009 65.01 58.52 82.50
November 2009 65.00 58.57 82.40
December 2009 64.62 58.25 82.00
January 2010 64.81 58.45 82.40
February 2010 64.85 58.47 82.30
March 2010 64.92 58.51 82.40
April 2010 65.15 58.69 82.60
May 2010 64.88 58.63 82.30
June 2010 64.63 58.54 82.20
July 2010 64.61 58.51 81.90
August 2010 64.72 58.56 82.00
September 2010 64.61 58.49 82.00
October 2010 64.41 58.32 81.80
November 2010 64.56 58.25 82.00
December 2010 64.32 58.31 81.90
January 2011 64.21 58.34 81.70
February 2011 64.15 58.36 81.60
March 2011 64.17 58.43 81.70
April 2011 64.20 58.37 81.70
May 2011 64.13 58.34 81.70
June 2011 64.03 58.20 81.70
July 2011 63.96 58.21 81.40
August 2011 64.10 58.34 81.60
September 2011 64.20 58.39 81.50
October 2011 64.08 58.42 81.30
November 2011 64.10 58.57 81.50
December 2011 64.01 58.57 81.60
January 2012 63.72 58.44 81.50
February 2012 63.80 58.51 81.50
March 2012 63.79 58.55 81.50
April 2012 63.66 58.45 81.40
May 2012 63.74 58.53 81.40
June 2012 63.78 58.56 81.50
July 2012 63.67 58.47 81.40
August 2012 63.54 58.42 81.40
September 2012 63.65 58.68 81.50
October 2012 63.76 58.79 81.60
November 2012 63.62 58.70 81.20
December 2012 63.69 58.66 81.40
January 2013 63.66 58.57 81.10
February 2013 63.44 58.56 81.00
March 2013 63.27 58.50 81.00
April 2013 63.38 58.58 81.00
May 2013 63.39 58.64 81.20
June 2013 63.43 58.64 81.20
July 2013 63.31 58.70 81.20
August 2013 63.26 58.68 81.00
September 2013 63.24 58.67 81.00
October 2013 62.78 58.26 80.60
November 2013 62.97 58.60 81.00
December 2013 62.89 58.68 80.80
January 2014 62.92 58.79 80.90
February 2014 62.93 58.74 81.10
March 2014 63.10 58.91 81.10
April 2014 62.79 58.87 80.80
May 2014 62.87 58.89 80.70
June 2014 62.83 59.01 81.00
July 2014 62.90 59.03 80.80
August 2014 62.90 59.03 81.10
September 2014 62.81 59.08 80.80
October 2014 62.90 59.29 80.90
November 2014 62.89 59.24 80.90
December 2014 62.78 59.28 80.90
January 2015 62.89 59.33 81.00
February 2015 62.69 59.25 80.90
March 2015 62.63 59.23 80.80
April 2015 62.74 59.33 81.00
May 2015 62.93 59.41 81.00
June 2015 62.64 59.35 80.90
July 2015 62.58 59.32 80.70
August 2015 62.59 59.41 80.70
September 2015 62.37 59.23 80.60
October 2015 62.49 59.34 80.80
November 2015 62.56 59.39 80.90
December 2015 62.75 59.60 81.00
January 2016 62.75 59.68 81.20
February 2016 62.83 59.76 81.10
March 2016 62.93 59.80 81.40
April 2016 62.81 59.68 81.20
May 2016 62.68 59.67 81.10
June 2016 62.71 59.63 81.30
July 2016 62.75 59.72 81.20
August 2016 62.86 59.78 81.30
September 2016 62.89 59.77 81.50
October 2016 62.82 59.75 81.60
November 2016 62.71 59.77 81.40
December 2016 62.72 59.78 81.40
January 2017 62.85 59.87 81.50
February 2017 62.87 59.95 81.60
March 2017 62.90 60.12 81.60
April 2017 62.91 60.16 81.70
May 2017 62.77 60.02 81.60
June 2017 62.80 60.08 81.60
July 2017 62.86 60.14 81.80
August 2017 62.93 60.15 81.70
September 2017 63.07 60.42 81.80
October 2017 62.73 60.15 81.60
November 2017 62.76 60.15 81.80
December 2017 62.72 60.16 81.90
January 2018 62.75 60.16 81.80
February 2018 63.01 60.41 82.10
March 2018 62.87 60.35 82.00
April 2018 62.79 60.33 81.90
May 2018 62.79 60.41 81.80
June 2018 62.93 60.39 82.10
July 2018 62.91 60.49 82.10
August 2018 62.70 60.30 82.00
September 2018 62.74 60.42 81.80
October 2018 62.93 60.57 82.30
November 2018 62.94 60.61 82.20
December 2018 63.05 60.62 82.30
January 2019 63.21 60.68 82.60

Note: The data are monthly. The prime-age labor force participation rate is a percentage of the population aged 25 to 54. The labor force participation rate and the employment-to-population ratio are percentages of the population aged 16 and over.

Source: Bureau of Labor Statistics via Haver Analytics.

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Figure 3. Measures of labor underutilization

Monthly
Percent

Period Unemployment rate U-4 U-5 U-6
January 2007 4.6 4.9 5.6 8.4
February 2007 4.5 4.8 5.4 8.2
March 2007 4.4 4.6 5.3 8.0
April 2007 4.5 4.7 5.4 8.2
May 2007 4.4 4.7 5.3 8.2
June 2007 4.6 4.8 5.5 8.3
July 2007 4.7 4.9 5.5 8.4
August 2007 4.6 4.9 5.5 8.4
September 2007 4.7 4.8 5.5 8.4
October 2007 4.7 4.9 5.6 8.4
November 2007 4.7 4.9 5.5 8.4
December 2007 5.0 5.2 5.8 8.8
January 2008 5.0 5.3 6.0 9.2
February 2008 4.9 5.1 5.9 9.0
March 2008 5.1 5.3 5.9 9.1
April 2008 5.0 5.2 5.8 9.2
May 2008 5.4 5.7 6.3 9.7
June 2008 5.6 5.8 6.5 10.1
July 2008 5.8 6.1 6.7 10.5
August 2008 6.1 6.3 7.1 10.8
September 2008 6.1 6.4 7.1 11.0
October 2008 6.5 6.8 7.5 11.8
November 2008 6.8 7.2 8.0 12.6
December 2008 7.3 7.7 8.4 13.6
January 2009 7.8 8.3 9.1 14.2
February 2009 8.3 8.8 9.5 15.2
March 2009 8.7 9.1 9.9 15.8
April 2009 9.0 9.4 10.2 15.9
May 2009 9.4 9.8 10.6 16.5
June 2009 9.5 10.0 10.8 16.5
July 2009 9.5 9.9 10.8 16.4
August 2009 9.6 10.0 10.9 16.7
September 2009 9.8 10.2 11.0 16.7
October 2009 10.0 10.5 11.4 17.1
November 2009 9.9 10.4 11.2 17.1
December 2009 9.9 10.4 11.3 17.1
January 2010 9.8 10.4 11.3 16.7
February 2010 9.8 10.5 11.3 17.0
March 2010 9.9 10.5 11.2 17.1
April 2010 9.9 10.6 11.3 17.1
May 2010 9.6 10.3 10.9 16.6
June 2010 9.4 10.1 10.9 16.4
July 2010 9.4 10.1 11.0 16.4
August 2010 9.5 10.2 10.9 16.5
September 2010 9.5 10.2 10.9 16.8
October 2010 9.4 10.2 11.0 16.6
November 2010 9.8 10.5 11.2 16.9
December 2010 9.3 10.1 10.9 16.6
January 2011 9.1 9.7 10.8 16.2
February 2011 9.0 9.6 10.6 16.0
March 2011 9.0 9.5 10.4 15.9
April 2011 9.1 9.7 10.5 16.1
May 2011 9.0 9.5 10.3 15.8
June 2011 9.1 9.7 10.7 16.1
July 2011 9.0 9.6 10.6 15.9
August 2011 9.0 9.6 10.5 16.1
September 2011 9.0 9.7 10.5 16.4
October 2011 8.8 9.4 10.3 15.8
November 2011 8.6 9.3 10.1 15.5
December 2011 8.5 9.1 10.0 15.2
January 2012 8.3 8.9 9.9 15.2
February 2012 8.3 8.9 9.8 15.0
March 2012 8.2 8.7 9.6 14.5
April 2012 8.2 8.8 9.6 14.6
May 2012 8.2 8.7 9.6 14.7
June 2012 8.2 8.7 9.6 14.8
July 2012 8.2 8.7 9.6 14.8
August 2012 8.1 8.6 9.6 14.6
September 2012 7.8 8.3 9.3 14.8
October 2012 7.8 8.3 9.2 14.4
November 2012 7.7 8.3 9.2 14.4
December 2012 7.9 8.5 9.4 14.4
January 2013 8.0 8.5 9.4 14.6
February 2013 7.7 8.2 9.2 14.4
March 2013 7.5 8.0 8.9 13.8
April 2013 7.6 8.1 8.9 14.0
May 2013 7.5 8.0 8.8 13.8
June 2013 7.5 8.2 9.1 14.2
July 2013 7.3 7.9 8.7 13.8
August 2013 7.2 7.8 8.6 13.6
September 2013 7.2 7.7 8.6 13.5
October 2013 7.2 7.7 8.5 13.6
November 2013 6.9 7.4 8.2 13.1
December 2013 6.7 7.3 8.1 13.1
January 2014 6.6 7.1 8.1 12.7
February 2014 6.7 7.1 8.0 12.6
March 2014 6.7 7.1 7.9 12.6
April 2014 6.2 6.7 7.5 12.3
May 2014 6.3 6.7 7.6 12.2
June 2014 6.1 6.5 7.3 12.0
July 2014 6.2 6.6 7.5 12.1
August 2014 6.1 6.6 7.4 12.0
September 2014 5.9 6.4 7.3 11.7
October 2014 5.7 6.2 7.1 11.5
November 2014 5.8 6.2 7.1 11.4
December 2014 5.6 6.0 6.9 11.2
January 2015 5.7 6.1 7.0 11.3
February 2015 5.5 5.9 6.8 11.0
March 2015 5.4 5.9 6.7 10.8
April 2015 5.4 5.9 6.7 10.8
May 2015 5.6 5.9 6.7 10.9
June 2015 5.3 5.6 6.4 10.4
July 2015 5.2 5.6 6.4 10.3
August 2015 5.1 5.5 6.2 10.2
September 2015 5.0 5.4 6.2 10.0
October 2015 5.0 5.4 6.2 9.8
November 2015 5.1 5.4 6.1 10.0
December 2015 5.0 5.4 6.1 9.9
January 2016 4.9 5.3 6.1 9.8
February 2016 4.9 5.3 6.0 9.7
March 2016 5.0 5.3 6.0 9.8
April 2016 5.0 5.3 6.0 9.7
May 2016 4.8 5.1 5.8 9.9
June 2016 4.9 5.2 6.0 9.5
July 2016 4.8 5.2 6.0 9.7
August 2016 4.9 5.2 5.9 9.6
September 2016 5.0 5.3 6.0 9.7
October 2016 4.9 5.2 5.9 9.6
November 2016 4.7 5.0 5.8 9.4
December 2016 4.7 4.9 5.7 9.2
January 2017 4.7 5.1 5.8 9.3
February 2017 4.7 5.0 5.7 9.1
March 2017 4.4 4.7 5.4 8.7
April 2017 4.4 4.7 5.3 8.6
May 2017 4.4 4.6 5.2 8.5
June 2017 4.3 4.6 5.3 8.5
July 2017 4.3 4.6 5.3 8.5
August 2017 4.4 4.7 5.3 8.6
September 2017 4.2 4.5 5.1 8.3
October 2017 4.1 4.4 5.0 8.0
November 2017 4.2 4.4 5.0 8.0
December 2017 4.1 4.4 5.1 8.1
January 2018 4.1 4.4 5.1 8.2
February 2018 4.1 4.4 5.1 8.2
March 2018 4.0 4.3 4.9 7.9
April 2018 3.9 4.2 4.7 7.8
May 2018 3.8 4.0 4.6 7.7
June 2018 4.0 4.2 4.9 7.8
July 2018 3.9 4.2 4.7 7.5
August 2018 3.8 4.1 4.7 7.4
September 2018 3.7 3.9 4.6 7.5
October 2018 3.8 4.1 4.6 7.5
November 2018 3.7 4.0 4.7 7.6
December 2018 3.9 4.1 4.8 7.6
January 2019 4.0 4.3 4.9 8.1

Note: Unemployment rate measures total unemployed as a percentage of the labor force. U-4 measures total unemployed plus discouraged workers, as a percentage of the labor force plus discouraged workers. Discouraged workers are a subset of marginally attached workers who are not currently looking for work because they believe no jobs are available for them. U-5 measures total unemployed plus all marginally attached to the labor force, as a percentage of the labor force plus persons marginally attached to the labor force. Marginally attached workers are not in the labor force, want and are available for work, and have looked for a job in the past 12 months. U-6 measures total unemployed plus all marginally attached workers plus total employed part time for economic reasons, as a percentage of the labor force plus all marginally attached workers. The shaded bar indicates a period of business recession as defined by the National Bureau of Economic Research: December 2007-June 2009.

Source: Bureau of Labor Statistics via Haver Analytics.

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Figure 4. Unemployment rate by race and ethnicity

Monthly
Percent

Period White Black or African American Asian Hispanic or Latino
January 2007 4.2 7.9 3.1 5.5
February 2007 4.1 8.0 2.6 5.1
March 2007 3.8 8.4 3.0 5.0
April 2007 4.0 8.3 3.5 5.6
May 2007 3.9 8.3 3.2 5.8
June 2007 4.1 8.5 2.7 5.5
July 2007 4.2 8.1 2.7 5.9
August 2007 4.2 7.6 3.5 5.5
September 2007 4.2 8.0 3.4 5.9
October 2007 4.1 8.5 3.8 5.7
November 2007 4.2 8.5 3.6 5.9
December 2007 4.4 9.0 3.7 6.3
January 2008 4.4 9.1 3.1 6.3
February 2008 4.4 8.4 2.9 6.2
March 2008 4.5 9.2 3.6 6.9
April 2008 4.4 8.6 3.5 7.1
May 2008 4.8 9.6 4.1 6.9
June 2008 5.0 9.4 4.2 7.6
July 2008 5.2 10.0 3.7 7.5
August 2008 5.4 10.6 4.5 8.0
September 2008 5.4 11.3 4.0 8.0
October 2008 5.9 11.4 3.9 8.8
November 2008 6.2 11.5 4.8 8.7
December 2008 6.7 12.1 5.1 9.4
January 2009 7.1 12.7 6.1 10.1
February 2009 7.6 13.7 6.7 11.3
March 2009 8.0 13.7 6.5 11.7
April 2009 8.1 15.0 6.8 11.4
May 2009 8.5 15.0 7.0 12.3
June 2009 8.7 14.8 7.9 12.1
July 2009 8.7 14.8 8.1 12.5
August 2009 8.9 14.8 7.6 13.0
September 2009 8.9 15.3 7.6 12.6
October 2009 9.2 15.8 7.6 12.8
November 2009 9.2 15.7 7.2 12.4
December 2009 9.0 16.1 8.4 12.8
January 2010 8.8 16.5 8.3 12.9
February 2010 8.9 16.1 8.2 12.7
March 2010 8.9 16.8 7.6 12.9
April 2010 9.0 16.6 7.0 12.5
May 2010 8.7 15.5 7.8 12.0
June 2010 8.6 15.2 7.4 12.3
July 2010 8.5 15.6 7.9 12.2
August 2010 8.6 15.9 7.3 12.0
September 2010 8.6 16.0 6.6 12.3
October 2010 8.6 15.6 7.2 12.3
November 2010 8.9 16.2 7.5 12.9
December 2010 8.5 15.5 7.2 12.9
January 2011 8.1 15.8 6.8 12.3
February 2011 8.1 15.5 6.7 11.8
March 2011 8.0 15.8 7.3 11.6
April 2011 8.1 16.5 6.5 11.9
May 2011 7.9 16.3 7.2 11.6
June 2011 8.1 16.2 6.5 11.5
July 2011 8.0 15.9 7.4 11.2
August 2011 7.9 16.4 7.2 11.2
September 2011 7.9 15.9 8.0 11.2
October 2011 7.9 14.6 7.4 11.3
November 2011 7.7 15.6 6.4 11.2
December 2011 7.5 15.4 6.8 11.1
January 2012 7.4 13.6 6.7 10.7
February 2012 7.4 14.0 6.2 10.9
March 2012 7.3 14.0 6.4 10.6
April 2012 7.4 13.3 5.4 10.3
May 2012 7.4 13.5 5.5 10.9
June 2012 7.3 14.5 6.1 10.9
July 2012 7.3 14.2 5.9 10.2
August 2012 7.2 13.8 5.9 10.1
September 2012 7.0 13.6 4.9 9.7
October 2012 6.9 14.1 4.9 10.0
November 2012 6.8 13.3 6.3 9.9
December 2012 6.9 14.0 6.6 9.6
January 2013 7.1 13.7 6.4 9.7
February 2013 6.8 13.8 6.0 9.7
March 2013 6.7 13.0 5.1 9.3
April 2013 6.7 13.3 5.3 9.0
May 2013 6.7 13.4 4.5 9.0
June 2013 6.6 14.2 4.7 9.1
July 2013 6.5 12.6 5.3 9.4
August 2013 6.4 12.8 5.1 9.2
September 2013 6.3 13.0 5.4 8.8
October 2013 6.3 12.8 5.4 9.1
November 2013 6.1 12.3 5.2 8.7
December 2013 5.9 11.9 4.3 8.3
January 2014 5.7 12.1 4.7 8.3
February 2014 5.8 11.8 5.9 8.2
March 2014 5.8 12.1 5.5 7.9
April 2014 5.3 11.6 5.9 7.2
May 2014 5.4 11.4 5.7 7.7
June 2014 5.3 11.0 4.7 7.8
July 2014 5.3 11.6 4.2 7.7
August 2014 5.3 11.4 4.5 7.4
September 2014 5.1 11.0 4.4 6.8
October 2014 4.9 10.6 5.1 6.8
November 2014 5.0 10.9 4.8 6.6
December 2014 4.7 10.6 4.4 6.4
January 2015 4.9 10.3 4.0 6.7
February 2015 4.7 10.1 4.0 6.8
March 2015 4.8 9.9 3.2 6.8
April 2015 4.7 9.8 4.4 6.8
May 2015 4.8 10.3 4.1 6.8
June 2015 4.6 9.6 3.8 6.8
July 2015 4.5 9.1 4.0 6.9
August 2015 4.4 9.4 3.4 6.6
September 2015 4.4 9.3 3.5 6.2
October 2015 4.4 8.9 3.5 6.3
November 2015 4.4 9.4 3.9 6.4
December 2015 4.4 8.5 4.1 6.2
January 2016 4.3 8.8 3.7 5.8
February 2016 4.2 8.6 3.8 5.4
March 2016 4.3 8.9 4.0 5.5
April 2016 4.4 8.9 3.8 6.1
May 2016 4.2 8.2 4.1 5.6
June 2016 4.3 8.7 3.5 5.9
July 2016 4.2 8.4 3.8 5.5
August 2016 4.4 8.0 4.2 5.6
September 2016 4.4 8.4 3.8 6.4
October 2016 4.4 8.3 3.4 5.7
November 2016 4.2 8.0 3.1 5.7
December 2016 4.2 7.9 2.7 5.9
January 2017 4.3 7.7 3.7 5.8
February 2017 4.0 8.0 3.5 5.5
March 2017 3.9 7.9 3.3 5.0
April 2017 3.8 7.9 3.2 5.1
May 2017 3.8 7.7 3.7 5.1
June 2017 3.8 7.1 3.6 4.9
July 2017 3.7 7.4 3.8 5.2
August 2017 3.8 7.6 4.0 5.1
September 2017 3.7 7.1 3.6 5.1
October 2017 3.5 7.3 3.0 4.9
November 2017 3.7 7.3 3.0 4.8
December 2017 3.7 6.7 2.5 4.9
January 2018 3.5 7.7 3.0 5.0
February 2018 3.7 6.8 3.0 4.9
March 2018 3.6 6.8 3.1 5.1
April 2018 3.5 6.5 2.8 4.8
May 2018 3.5 5.9 2.2 4.9
June 2018 3.5 6.5 3.2 4.6
July 2018 3.3 6.6 3.1 4.5
August 2018 3.4 6.3 3.0 4.7
September 2018 3.3 6.0 3.5 4.5
October 2018 3.3 6.2 3.1 4.4
November 2018 3.4 6.0 2.7 4.5
December 2018 3.4 6.6 3.3 4.4
January 2019 3.5 6.8 3.1 4.9

Note: Unemployment rate measures total unemployed as a percentage of the labor force. Persons whose ethnicity is identified as Hispanic or Latino may be of any race. The shaded bar indicates a period of business recession as defined by the National Bureau of Economic Research: December 2007-June 2009.

Source: Bureau of Labor Statistics via Haver Analytics.

Return to text

Figure 5. Prime-age labor force participation rate by race and ethnicity

Monthly
Percent

Period White Black or African American Asian Hispanic or Latino
January 2007 83.8 80.3 81.4 80.5
February 2007 83.8 80.3 81.5 80.5
March 2007 83.7 80.5 81.0 80.5
April 2007 83.6 80.6 80.2 80.4
May 2007 83.6 80.6 80.2 80.5
June 2007 83.6 80.2 80.6 80.5
July 2007 83.6 79.9 81.1 80.6
August 2007 83.6 79.7 81.3 80.7
September 2007 83.6 79.8 80.8 80.8
October 2007 83.7 79.7 80.5 80.6
November 2007 83.8 79.8 80.4 80.5
December 2007 83.9 79.6 80.7 80.5
January 2008 83.9 79.7 81.2 80.4
February 2008 83.8 79.9 81.4 80.3
March 2008 83.7 80.4 82.0 80.2
April 2008 83.6 80.6 82.5 80.3
May 2008 83.6 80.8 82.5 80.7
June 2008 83.6 80.7 82.4 80.9
July 2008 83.6 80.8 82.0 80.9
August 2008 83.7 80.9 81.8 80.7
September 2008 83.8 80.7 81.5 80.6
October 2008 83.8 80.5 81.4 80.6
November 2008 83.8 80.2 81.2 80.3
December 2008 83.8 80.1 81.1 80.2
January 2009 83.7 79.8 81.0 80.1
February 2009 83.7 79.7 81.2 80.2
March 2009 83.6 79.3 81.5 80.4
April 2009 83.6 79.1 81.8 80.4
May 2009 83.5 79.1 81.6 80.4
June 2009 83.5 79.2 81.6 80.1
July 2009 83.5 79.3 81.6 80.0
August 2009 83.5 79.2 81.6 79.9
September 2009 83.4 79.0 81.5 79.8
October 2009 83.3 78.7 81.3 79.8
November 2009 83.3 78.7 81.1 79.9
December 2009 83.2 78.8 81.0 79.9
January 2010 83.2 79.2 80.5 80.2
February 2010 83.2 79.3 80.2 80.3
March 2010 83.4 79.4 79.8 80.7
April 2010 83.4 79.2 80.3 80.4
May 2010 83.2 79.2 80.6 80.3
June 2010 83.0 79.1 80.6 80.2
July 2010 82.8 78.8 80.0 80.3
August 2010 82.8 78.5 79.5 80.3
September 2010 82.8 78.4 79.6 80.4
October 2010 82.8 78.5 79.8 80.6
November 2010 82.8 78.6 79.9 80.6
December 2010 82.7 78.7 79.7 80.4
January 2011 82.7 78.5 79.5 80.1
February 2011 82.7 78.2 79.4 79.5
March 2011 82.6 77.9 79.8 79.1
April 2011 82.6 77.8 79.7 79.1
May 2011 82.6 77.7 80.1 79.3
June 2011 82.5 77.6 79.9 79.4
July 2011 82.5 77.5 80.0 79.4
August 2011 82.5 77.5 79.8 79.7
September 2011 82.4 77.7 79.7 79.8
October 2011 82.3 77.8 80.0 79.8
November 2011 82.3 77.9 80.2 79.5
December 2011 82.2 78.1 80.4 79.6
January 2012 82.3 78.3 80.0 79.6
February 2012 82.3 78.3 79.2 79.6
March 2012 82.4 78.0 78.8 79.5
April 2012 82.3 77.8 78.4 79.4
May 2012 82.3 77.6 78.8 79.4
June 2012 82.3 77.6 79.1 79.4
July 2012 82.4 77.7 79.8 79.3
August 2012 82.3 78.3 80.1 79.3
September 2012 82.3 78.5 80.1 79.2
October 2012 82.3 79.0 79.7 79.4
November 2012 82.2 78.7 79.6 79.2
December 2012 82.2 78.6 79.8 79.1
January 2013 82.1 78.0 79.9 78.8
February 2013 82.0 77.8 80.0 78.8
March 2013 81.8 77.6 79.6 78.7
April 2013 81.8 77.6 79.4 78.5
May 2013 81.9 77.8 79.2 78.6
June 2013 81.9 78.0 79.4 78.7
July 2013 82.0 78.1 79.7 79.1
August 2013 81.9 77.8 80.2 78.9
September 2013 81.9 77.7 80.4 78.8
October 2013 81.7 77.5 80.4 78.4
November 2013 81.7 77.7 80.2 78.4
December 2013 81.7 77.5 79.8 78.5
January 2014 81.8 77.4 79.7 78.9
February 2014 81.8 77.6 79.4 78.9
March 2014 81.8 78.0 79.4 79.2
April 2014 81.8 78.1 79.1 79.2
May 2014 81.8 77.6 78.8 79.2
June 2014 81.8 77.6 77.9 79.1
July 2014 81.8 78.1 77.6 79.0
August 2014 81.8 78.6 77.5 79.0
September 2014 81.8 78.6 77.7 79.0
October 2014 81.8 78.2 78.0 79.1
November 2014 81.8 78.0 78.0 79.1
December 2014 81.8 78.1 78.4 79.0
January 2015 81.8 78.2 78.5 78.9
February 2015 81.8 78.4 78.6 78.8
March 2015 81.7 78.5 78.3 78.8
April 2015 81.6 79.0 78.4 78.9
May 2015 81.6 79.2 78.6 79.1
June 2015 81.7 79.1 78.7 79.1
July 2015 81.6 78.6 78.4 79.0
August 2015 81.6 78.4 77.4 78.7
September 2015 81.6 78.1 76.9 78.5
October 2015 81.6 78.2 76.3 78.4
November 2015 81.7 78.2 77.0 78.5
December 2015 81.8 78.2 77.6 78.6
January 2016 81.9 78.3 78.2 78.6
February 2016 81.9 78.5 78.4 78.6
March 2016 82.0 78.7 78.6 78.7
April 2016 82.1 78.6 79.0 78.5
May 2016 82.1 78.5 79.0 78.4
June 2016 82.1 78.4 78.7 78.2
July 2016 82.1 78.5 78.5 78.4
August 2016 82.2 78.7 78.2 79.1
September 2016 82.2 79.0 78.6 79.4
October 2016 82.3 79.2 78.7 79.6
November 2016 82.2 79.4 79.0 79.3
December 2016 82.2 79.5 78.9 79.1
January 2017 82.1 79.5 79.0 79.2
February 2017 82.2 79.4 79.3 79.4
March 2017 82.3 79.3 79.4 79.6
April 2017 82.3 79.5 79.4 79.5
May 2017 82.3 79.6 79.4 79.4
June 2017 82.3 79.7 79.5 79.3
July 2017 82.4 79.8 79.4 79.3
August 2017 82.4 79.8 79.5 79.3
September 2017 82.4 80.0 79.7 79.2
October 2017 82.3 80.0 79.8 79.1
November 2017 82.4 80.1 79.5 79.0
December 2017 82.5 80.2 79.2 79.1
January 2018 82.6 80.0 79.0 79.2
February 2018 82.6 80.1 79.1 79.4
March 2018 82.6 79.9 79.2 79.5
April 2018 82.7 80.0 79.3 79.8
May 2018 82.6 79.9 79.4 79.8
June 2018 82.6 79.9 79.8 79.8
July 2018 82.7 80.0 80.3 79.8
August 2018 82.7 80.1 80.6 79.7
September 2018 82.6 80.1 80.6 79.4
October 2018 82.7 80.3 80.3 79.5
November 2018 82.8 80.3 80.5 79.6
December 2018 83.1 80.3 80.1 80.0
January 2019 83.2 80.1 79.9 80.2

Note: The prime-age labor force participation rate is a percentage of the population aged 25 to 54. Persons whose ethnicity is identified as Hispanic or Latino may be of any race. The data are seasonally adjusted by Board staff and are 3-month moving averages. The shaded bar indicates a period of business recession as defined by the National Bureau of Economic Research: December 2007-June 2009.

Source: Bureau of Labor Statistics.

Return to text

Employment Disparities between Rural and Urban Areas: Figure A. Employment-to-population ratios

Monthly
Percent

Period Non-MSA Smaller MSAs Larger MSAs
January 1996 79.04 80.00 79.86
February 1996 79.10 80.04 79.91
March 1996 79.12 80.01 80.01
April 1996 79.24 80.12 80.10
May 1996 79.33 80.24 80.23
June 1996 79.35 80.37 80.31
July 1996 79.34 80.42 80.36
August 1996 79.32 80.46 80.45
September 1996 79.32 80.52 80.50
October 1996 79.38 80.58 80.58
November 1996 79.47 80.66 80.64
December 1996 79.59 80.70 80.68
January 1997 79.75 80.74 80.72
February 1997 79.86 80.77 80.76
March 1997 79.95 80.89 80.81
April 1997 80.01 80.95 80.87
May 1997 80.07 81.02 80.89
June 1997 80.11 81.04 80.94
July 1997 80.15 81.09 80.98
August 1997 80.21 81.15 81.03
September 1997 80.23 81.16 81.12
October 1997 80.21 81.18 81.19
November 1997 80.23 81.15 81.26
December 1997 80.16 81.20 81.35
January 1998 80.09 81.21 81.43
February 1998 80.05 81.23 81.45
March 1998 80.04 81.28 81.45
April 1998 80.10 81.31 81.46
May 1998 80.17 81.34 81.45
June 1998 80.26 81.34 81.46
July 1998 80.36 81.36 81.49
August 1998 80.46 81.42 81.55
September 1998 80.51 81.45 81.59
October 1998 80.59 81.48 81.59
November 1998 80.54 81.55 81.59
December 1998 80.52 81.55 81.60
January 1999 80.53 81.58 81.59
February 1999 80.53 81.57 81.57
March 1999 80.52 81.54 81.55
April 1999 80.44 81.52 81.54
May 1999 80.43 81.46 81.58
June 1999 80.42 81.46 81.63
July 1999 80.37 81.49 81.65
August 1999 80.35 81.48 81.69
September 1999 80.38 81.58 81.71
October 1999 80.40 81.63 81.74
November 1999 80.46 81.65 81.80
December 1999 80.48 81.68 81.78
January 2000 80.43 81.68 81.80
February 2000 80.35 81.69 81.81
March 2000 80.36 81.65 81.81
April 2000 80.32 81.63 81.81
May 2000 80.23 81.61 81.80
June 2000 80.15 81.58 81.78
July 2000 80.14 81.53 81.79
August 2000 80.17 81.45 81.75
September 2000 80.23 81.32 81.71
October 2000 80.25 81.17 81.68
November 2000 80.20 81.00 81.60
December 2000 80.15 80.95 81.55
January 2001 80.07 80.84 81.48
February 2001 80.03 80.73 81.42
March 2001 79.96 80.65 81.34
April 2001 79.91 80.56 81.24
May 2001 79.83 80.47 81.11
June 2001 79.75 80.39 80.93
July 2001 79.64 80.33 80.75
August 2001 79.46 80.27 80.53
September 2001 79.26 80.24 80.37
October 2001 79.11 80.21 80.21
November 2001 79.07 80.21 80.04
December 2001 79.04 80.11 79.91
January 2002 79.02 80.07 79.75
February 2002 78.95 80.03 79.61
March 2002 78.90 80.01 79.52
April 2002 78.82 80.02 79.46
May 2002 78.79 80.02 79.40
June 2002 78.75 79.98 79.32
July 2002 78.72 79.92 79.27
August 2002 78.68 79.86 79.23
September 2002 78.63 79.74 79.16
October 2002 78.56 79.68 79.10
November 2002 78.42 79.59 79.11
December 2002 78.32 79.55 79.08
January 2003 78.26 79.54 79.07
February 2003 78.20 79.47 79.08
March 2003 78.15 79.40 79.02
April 2003 78.14 79.29 78.94
May 2003 78.11 79.24 78.85
June 2003 78.11 79.15 78.83
July 2003 78.07 79.10 78.80
August 2003 78.03 79.09 78.82
September 2003 78.02 79.04 78.83
October 2003 77.99 79.01 78.80
November 2003 78.08 79.03 78.76
December 2003 78.12 79.01 78.78
January 2004 78.14 79.02 78.80
February 2004 78.18 79.07 78.85
March 2004 78.23 79.10 78.90
April 2004 78.26 79.12 78.96
May 2004 78.30 79.10 79.05
June 2004 78.32 79.15 79.12
July 2004 78.33 79.08 79.14
August 2004 78.38 79.04 79.15
September 2004 78.41 79.10 79.14
October 2004 78.45 79.16 79.14
November 2004 78.51 79.20 79.16
December 2004 78.58 79.27 79.18
January 2005 78.61 79.30 79.19
February 2005 78.70 79.32 79.19
March 2005 78.72 79.33 79.26
April 2005 78.79 79.32 79.32
May 2005 78.85 79.32 79.35
June 2005 78.84 79.38 79.35
July 2005 78.83 79.49 79.38
August 2005 78.77 79.60 79.40
September 2005 78.68 79.66 79.45
October 2005 78.63 79.70 79.52
November 2005 78.52 79.73 79.57
December 2005 78.49 79.72 79.61
January 2006 78.50 79.83 79.65
February 2006 78.47 79.90 79.67
March 2006 78.47 79.98 79.67
April 2006 78.41 80.05 79.70
May 2006 78.33 80.13 79.79
June 2006 78.33 80.15 79.88
July 2006 78.35 80.20 79.94
August 2006 78.45 80.22 80.01
September 2006 78.58 80.24 80.03
October 2006 78.62 80.28 80.06
November 2006 78.61 80.30 80.10
December 2006 78.60 80.33 80.11
January 2007 78.61 80.24 80.14
February 2007 78.61 80.15 80.15
March 2007 78.65 80.08 80.17
April 2007 78.70 80.08 80.15
May 2007 78.75 80.03 80.08
June 2007 78.77 79.95 80.09
July 2007 78.81 79.83 80.08
August 2007 78.87 79.66 80.07
September 2007 78.85 79.48 80.10
October 2007 78.84 79.27 80.11
November 2007 78.86 79.13 80.12
December 2007 78.76 79.02 80.11
January 2008 78.64 78.92 80.11
February 2008 78.51 78.88 80.09
March 2008 78.38 78.81 80.03
April 2008 78.26 78.69 79.96
May 2008 78.16 78.56 79.86
June 2008 78.06 78.44 79.70
July 2008 77.86 78.27 79.50
August 2008 77.59 78.09 79.24
September 2008 77.34 77.88 78.95
October 2008 77.01 77.62 78.64
November 2008 76.67 77.38 78.35
December 2008 76.35 77.04 78.05
January 2009 76.05 76.74 77.74
February 2009 75.75 76.43 77.46
March 2009 75.47 76.19 77.16
April 2009 75.14 75.83 76.88
May 2009 74.81 75.48 76.60
June 2009 74.54 75.18 76.35
July 2009 74.22 74.90 76.13
August 2009 73.99 74.73 76.01
September 2009 73.77 74.65 75.91
October 2009 73.65 74.59 75.80
November 2009 73.69 74.51 75.71
December 2009 73.67 74.49 75.64
January 2010 73.67 74.45 75.57
February 2010 73.70 74.47 75.47
March 2010 73.70 74.41 75.44
April 2010 73.72 74.49 75.42
May 2010 73.74 74.56 75.44
June 2010 73.69 74.57 75.42
July 2010 73.77 74.61 75.44
August 2010 73.86 74.66 75.43
September 2010 73.98 74.67 75.41
October 2010 74.04 74.71 75.43
November 2010 73.97 74.71 75.41
December 2010 73.97 74.75 75.41
January 2011 73.87 74.74 75.37
February 2011 73.78 74.79 75.34
March 2011 73.70 74.80 75.35
April 2011 73.63 74.82 75.34
May 2011 73.56 74.82 75.33
June 2011 73.58 74.86 75.36
July 2011 73.58 74.91 75.38
August 2011 73.57 74.92 75.42
September 2011 73.53 74.98 75.46
October 2011 73.53 75.00 75.53
November 2011 73.55 75.04 75.60
December 2011 73.59 75.09 75.67
January 2012 73.73 75.22 75.72
February 2012 73.82 75.22 75.81
March 2012 73.91 75.30 75.85
April 2012 74.07 75.36 75.93
May 2012 74.16 75.44 76.00
June 2012 74.13 75.51 76.03
July 2012 74.02 75.51 76.10
August 2012 73.86 75.45 76.14
September 2012 73.73 75.41 76.20
October 2012 73.67 75.50 76.21
November 2012 73.61 75.54 76.25
December 2012 73.57 75.62 76.30
January 2013 73.51 75.62 76.36
February 2013 73.50 75.60 76.43
March 2013 73.43 75.56 76.49
April 2013 73.34 75.50 76.53
May 2013 73.34 75.41 76.49
June 2013 73.38 75.33 76.53
July 2013 73.50 75.37 76.54
August 2013 73.64 75.51 76.58
September 2013 73.78 75.59 76.61
October 2013 73.93 75.66 76.64
November 2013 74.01 75.74 76.68
December 2013 74.13 75.71 76.71
January 2014 74.15 75.73 76.77
February 2014 74.18 75.77 76.82
March 2014 74.20 75.84 76.89
April 2014 74.16 75.92 76.96
May 2014 74.15 76.08 77.08
June 2014 74.13 76.22 77.16
July 2014 74.25 76.29 77.24
August 2014 74.31 76.32 77.30
September 2014 74.43 76.42 77.37
October 2014 74.39 76.41 77.48
November 2014 74.42 76.39 77.55
December 2014 74.42 76.38 77.65
January 2015 74.48 76.38 77.70
February 2015 74.53 76.41 77.74
March 2015 74.60 76.44 77.76
April 2015 74.74 76.47 77.78
May 2015 74.77 76.49 77.83
June 2015 74.78 76.54 77.88
July 2015 74.65 76.63 77.95
August 2015 74.62 76.72 78.04
September 2015 74.56 76.79 78.13
October 2015 74.60 76.89 78.20
November 2015 74.64 76.98 78.25
December 2015 74.68 77.11 78.27
January 2016 74.80 77.20 78.29
February 2016 74.88 77.33 78.35
March 2016 74.92 77.38 78.41
April 2016 74.94 77.42 78.49
May 2016 75.03 77.47 78.56
June 2016 75.14 77.42 78.61
July 2016 75.22 77.38 78.65
August 2016 75.24 77.29 78.70
September 2016 75.25 77.25 78.76
October 2016 75.23 77.26 78.81
November 2016 75.20 77.31 78.90
December 2016 75.21 77.38 78.95
January 2017 75.11 77.44 79.03
February 2017 75.07 77.40 79.13
March 2017 75.10 77.39 79.18
April 2017 75.20 77.43 79.26
May 2017 75.27 77.49 79.31
June 2017 75.35 77.67 79.38
July 2017 75.44 77.85 79.45
August 2017 75.51 78.04 79.48
September 2017 75.57 78.10 79.58
October 2017 75.67 78.14 79.64
November 2017 75.76 78.14 79.70
December 2017 75.86 78.18 79.79
January 2018 75.96 78.16 79.86
February 2018 76.09 78.26 79.92
March 2018 76.22 78.42 79.98
April 2018 76.25 78.53 80.02
May 2018 76.35 78.56 80.13
June 2018 76.44 78.60 80.23
July 2018 76.53 78.63 80.31
August 2018 76.62 78.71 80.41
September 2018 76.74 78.80 80.43
October 2018 76.87 78.88 80.46
November 2018 76.97 78.93 80.45
December 2018 76.98 78.94 80.45
January 2019 77.11 79.06 80.50

Note: Data are for persons aged 25 to 54. Larger metropolitan statistical areas (MSAs) consist of 500,000 people or more, and smaller MSAs consist of 100,000 to 500,000 people. The shaded bars indicate periods of business recession as defined by the National Bureau of Economic Research: March 2001-November 2001, and December 2007-June 2009.

Source: References listed in box note 2.

Return to text

Employment Disparities between Rural and Urban Areas: Figure B. Unemployment rates

Monthly
Percent

Period Non-MSA Smaller MSAs Larger MSAs
January 1996 4.63 4.49 4.56
February 1996 4.59 4.44 4.52
March 1996 4.58 4.42 4.46
April 1996 4.49 4.36 4.43
May 1996 4.45 4.30 4.38
June 1996 4.44 4.26 4.36
July 1996 4.45 4.25 4.33
August 1996 4.45 4.22 4.30
September 1996 4.48 4.16 4.29
October 1996 4.49 4.11 4.26
November 1996 4.46 4.06 4.20
December 1996 4.43 4.03 4.15
January 1997 4.38 4.04 4.13
February 1997 4.32 4.00 4.10
March 1997 4.29 3.94 4.08
April 1997 4.28 3.89 4.04
May 1997 4.23 3.83 4.02
June 1997 4.19 3.80 3.95
July 1997 4.16 3.73 3.91
August 1997 4.09 3.69 3.85
September 1997 4.01 3.66 3.80
October 1997 3.96 3.62 3.77
November 1997 3.91 3.61 3.72
December 1997 3.91 3.53 3.68
January 1998 3.94 3.50 3.63
February 1998 3.97 3.45 3.59
March 1998 3.95 3.41 3.56
April 1998 3.89 3.42 3.52
May 1998 3.87 3.41 3.51
June 1998 3.85 3.39 3.50
July 1998 3.80 3.38 3.47
August 1998 3.76 3.34 3.44
September 1998 3.75 3.35 3.41
October 1998 3.70 3.30 3.36
November 1998 3.71 3.27 3.35
December 1998 3.69 3.32 3.32
January 1999 3.65 3.29 3.32
February 1999 3.57 3.33 3.31
March 1999 3.53 3.36 3.29
April 1999 3.51 3.33 3.28
May 1999 3.47 3.32 3.24
June 1999 3.38 3.33 3.21
July 1999 3.34 3.31 3.18
August 1999 3.35 3.30 3.15
September 1999 3.34 3.25 3.11
October 1999 3.34 3.27 3.09
November 1999 3.30 3.26 3.06
December 1999 3.31 3.22 3.06
January 2000 3.33 3.21 3.04
February 2000 3.39 3.16 3.02
March 2000 3.40 3.14 3.01
April 2000 3.42 3.13 2.99
May 2000 3.43 3.12 2.98
June 2000 3.48 3.10 2.97
July 2000 3.50 3.11 2.96
August 2000 3.51 3.16 2.98
September 2000 3.51 3.19 3.00
October 2000 3.54 3.22 3.03
November 2000 3.56 3.28 3.06
December 2000 3.56 3.31 3.11
January 2001 3.55 3.35 3.17
February 2001 3.51 3.45 3.23
March 2001 3.52 3.50 3.30
April 2001 3.56 3.55 3.39
May 2001 3.66 3.66 3.51
June 2001 3.77 3.78 3.65
July 2001 3.89 3.89 3.81
August 2001 4.03 4.01 3.97
September 2001 4.16 4.12 4.11
October 2001 4.26 4.21 4.25
November 2001 4.36 4.28 4.40
December 2001 4.44 4.38 4.52
January 2002 4.53 4.46 4.62
February 2002 4.64 4.53 4.72
March 2002 4.68 4.60 4.78
April 2002 4.72 4.65 4.84
May 2002 4.73 4.66 4.87
June 2002 4.76 4.66 4.91
July 2002 4.77 4.67 4.93
August 2002 4.74 4.63 4.95
September 2002 4.70 4.66 5.00
October 2002 4.74 4.70 5.03
November 2002 4.75 4.74 5.03
December 2002 4.76 4.74 5.04
January 2003 4.77 4.76 5.07
February 2003 4.78 4.80 5.09
March 2003 4.83 4.83 5.13
April 2003 4.84 4.86 5.16
May 2003 4.90 4.86 5.20
June 2003 4.89 4.92 5.19
July 2003 4.91 4.95 5.18
August 2003 4.93 4.96 5.14
September 2003 4.96 4.96 5.08
October 2003 4.94 4.96 5.06
November 2003 4.91 4.89 5.03
December 2003 4.86 4.85 4.99
January 2004 4.87 4.78 4.93
February 2004 4.87 4.70 4.89
March 2004 4.81 4.65 4.82
April 2004 4.77 4.60 4.76
May 2004 4.73 4.60 4.68
June 2004 4.67 4.54 4.63
July 2004 4.64 4.53 4.60
August 2004 4.56 4.52 4.56
September 2004 4.50 4.46 4.54
October 2004 4.44 4.38 4.49
November 2004 4.37 4.36 4.44
December 2004 4.36 4.33 4.41
January 2005 4.36 4.31 4.36
February 2005 4.31 4.31 4.33
March 2005 4.35 4.29 4.27
April 2005 4.39 4.32 4.21
May 2005 4.35 4.31 4.20
June 2005 4.35 4.28 4.18
July 2005 4.33 4.21 4.16
August 2005 4.31 4.15 4.11
September 2005 4.32 4.17 4.06
October 2005 4.30 4.16 4.03
November 2005 4.33 4.18 4.00
December 2005 4.30 4.20 3.97
January 2006 4.23 4.15 3.94
February 2006 4.23 4.09 3.92
March 2006 4.19 4.10 3.91
April 2006 4.15 4.02 3.89
May 2006 4.15 3.99 3.82
June 2006 4.12 3.94 3.78
July 2006 4.11 3.94 3.73
August 2006 4.11 3.94 3.73
September 2006 4.07 3.91 3.71
October 2006 4.10 3.86 3.67
November 2006 4.13 3.85 3.64
December 2006 4.10 3.83 3.62
January 2007 4.08 3.87 3.60
February 2007 4.07 3.91 3.59
March 2007 4.05 3.89 3.60
April 2007 4.04 3.91 3.61
May 2007 4.02 3.96 3.65
June 2007 4.02 4.01 3.66
July 2007 4.01 4.05 3.71
August 2007 3.99 4.11 3.73
September 2007 4.01 4.16 3.75
October 2007 4.03 4.26 3.80
November 2007 4.01 4.30 3.87
December 2007 4.06 4.34 3.94
January 2008 4.14 4.39 4.02
February 2008 4.19 4.46 4.10
March 2008 4.28 4.60 4.21
April 2008 4.35 4.69 4.34
May 2008 4.41 4.79 4.50
June 2008 4.53 4.93 4.67
July 2008 4.71 5.07 4.89
August 2008 4.98 5.31 5.18
September 2008 5.24 5.55 5.53
October 2008 5.50 5.88 5.86
November 2008 5.86 6.17 6.17
December 2008 6.20 6.51 6.49
January 2009 6.55 6.83 6.81
February 2009 6.89 7.14 7.11
March 2009 7.20 7.37 7.41
April 2009 7.53 7.68 7.70
May 2009 7.80 7.98 7.99
June 2009 8.02 8.22 8.22
July 2009 8.24 8.48 8.42
August 2009 8.39 8.63 8.56
September 2009 8.52 8.77 8.66
October 2009 8.67 8.87 8.75
November 2009 8.66 8.97 8.82
December 2009 8.71 8.97 8.83
January 2010 8.70 9.00 8.82
February 2010 8.64 8.98 8.84
March 2010 8.59 9.01 8.82
April 2010 8.54 9.00 8.79
May 2010 8.50 8.92 8.73
June 2010 8.51 8.93 8.73
July 2010 8.45 8.91 8.68
August 2010 8.33 8.86 8.62
September 2010 8.20 8.84 8.55
October 2010 8.08 8.70 8.46
November 2010 8.06 8.66 8.39
December 2010 7.99 8.61 8.35
January 2011 7.94 8.60 8.35
February 2011 7.95 8.57 8.32
March 2011 7.95 8.49 8.29
April 2011 7.96 8.40 8.27
May 2011 7.96 8.36 8.24
June 2011 7.84 8.24 8.16
July 2011 7.76 8.16 8.09
August 2011 7.70 8.13 8.01
September 2011 7.69 8.05 7.94
October 2011 7.62 8.04 7.86
November 2011 7.51 7.90 7.78
December 2011 7.40 7.80 7.71
January 2012 7.27 7.68 7.63
February 2012 7.16 7.62 7.57
March 2012 7.04 7.54 7.50
April 2012 6.89 7.46 7.39
May 2012 6.81 7.36 7.32
June 2012 6.84 7.26 7.24
July 2012 6.85 7.16 7.17
August 2012 6.90 7.04 7.12
September 2012 6.90 6.95 7.05
October 2012 6.89 6.77 6.99
November 2012 6.89 6.72 6.93
December 2012 6.88 6.68 6.86
January 2013 6.94 6.61 6.79
February 2013 6.91 6.56 6.71
March 2013 6.87 6.49 6.63
April 2013 6.88 6.46 6.57
May 2013 6.90 6.44 6.50
June 2013 6.88 6.41 6.44
July 2013 6.77 6.33 6.35
August 2013 6.65 6.24 6.25
September 2013 6.53 6.18 6.19
October 2013 6.39 6.14 6.14
November 2013 6.35 6.00 6.06
December 2013 6.24 5.93 5.97
January 2014 6.13 5.83 5.85
February 2014 6.02 5.77 5.75
March 2014 5.98 5.70 5.67
April 2014 5.87 5.56 5.58
May 2014 5.72 5.43 5.48
June 2014 5.59 5.33 5.37
July 2014 5.48 5.27 5.27
August 2014 5.43 5.18 5.20
September 2014 5.35 5.01 5.10
October 2014 5.30 4.94 4.99
November 2014 5.19 4.93 4.94
December 2014 5.17 4.90 4.87
January 2015 5.10 4.88 4.80
February 2015 5.04 4.80 4.73
March 2015 4.97 4.75 4.65
April 2015 4.87 4.73 4.58
May 2015 4.87 4.77 4.51
June 2015 4.86 4.76 4.46
July 2015 4.91 4.67 4.42
August 2015 4.89 4.62 4.36
September 2015 4.90 4.62 4.28
October 2015 4.92 4.61 4.24
November 2015 4.96 4.60 4.19
December 2015 4.92 4.54 4.13
January 2016 4.91 4.50 4.12
February 2016 4.90 4.45 4.08
March 2016 4.92 4.49 4.07
April 2016 4.98 4.48 4.08
May 2016 4.98 4.43 4.07
June 2016 4.95 4.40 4.05
July 2016 4.96 4.44 4.02
August 2016 4.94 4.49 3.99
September 2016 4.89 4.53 3.99
October 2016 4.89 4.48 3.96
November 2016 4.84 4.39 3.93
December 2016 4.82 4.40 3.91
January 2017 4.83 4.39 3.87
February 2017 4.83 4.44 3.83
March 2017 4.81 4.40 3.81
April 2017 4.73 4.37 3.74
May 2017 4.62 4.32 3.68
June 2017 4.60 4.22 3.62
July 2017 4.49 4.12 3.58
August 2017 4.38 4.01 3.54
September 2017 4.34 3.98 3.49
October 2017 4.22 4.04 3.45
November 2017 4.19 4.08 3.42
December 2017 4.13 4.02 3.35
January 2018 4.06 4.01 3.32
February 2018 3.96 3.93 3.28
March 2018 3.86 3.85 3.23
April 2018 3.82 3.79 3.19
May 2018 3.80 3.80 3.16
June 2018 3.69 3.83 3.14
July 2018 3.65 3.84 3.13
August 2018 3.65 3.88 3.10
September 2018 3.57 3.81 3.07
October 2018 3.51 3.71 3.04
November 2018 3.44 3.70 3.05
December 2018 3.43 3.74 3.09
January 2019 3.39 3.71 3.09

Note: Data are for persons aged 25 to 54. Larger metropolitan statistical areas (MSAs) consist of 500,000 people or more, and smaller MSAs consist of 100,000 to 500,000 people. The shaded bars indicate periods of business recession as defined by the National Bureau of Economic Research: March 2001-November 2001, and December 2007-June 2009.

Source: References listed in box note 2.

Return to text

Employment Disparities between Rural and Urban Areas: Figure C. Labor force participation rates

Monthly
Percent

Period Non-MSA Smaller MSAs Larger MSAs
January 1996 82.87 83.76 83.67
February 1996 82.90 83.76 83.69
March 1996 82.91 83.71 83.75
April 1996 82.96 83.77 83.81
May 1996 83.02 83.85 83.91
June 1996 83.04 83.95 83.96
July 1996 83.03 83.99 83.99
August 1996 83.01 84.01 84.06
September 1996 83.04 84.02 84.11
October 1996 83.11 84.04 84.16
November 1996 83.18 84.08 84.18
December 1996 83.28 84.08 84.17
January 1997 83.40 84.13 84.19
February 1997 83.47 84.14 84.21
March 1997 83.53 84.21 84.24
April 1997 83.59 84.23 84.27
May 1997 83.60 84.25 84.28
June 1997 83.61 84.24 84.27
July 1997 83.63 84.23 84.28
August 1997 83.63 84.25 84.28
September 1997 83.57 84.24 84.32
October 1997 83.52 84.22 84.37
November 1997 83.49 84.19 84.40
December 1997 83.42 84.17 84.46
January 1998 83.37 84.16 84.49
February 1998 83.35 84.14 84.48
March 1998 83.32 84.15 84.46
April 1998 83.34 84.18 84.43
May 1998 83.39 84.21 84.41
June 1998 83.48 84.19 84.42
July 1998 83.54 84.21 84.42
August 1998 83.60 84.24 84.46
September 1998 83.65 84.27 84.47
October 1998 83.69 84.26 84.42
November 1998 83.64 84.31 84.42
December 1998 83.61 84.35 84.41
January 1999 83.58 84.36 84.39
February 1999 83.51 84.38 84.36
March 1999 83.47 84.38 84.32
April 1999 83.37 84.33 84.31
May 1999 83.32 84.26 84.31
June 1999 83.24 84.27 84.34
July 1999 83.14 84.27 84.34
August 1999 83.14 84.26 84.34
September 1999 83.16 84.31 84.33
October 1999 83.17 84.39 84.35
November 1999 83.21 84.40 84.38
December 1999 83.24 84.40 84.36
January 2000 83.21 84.39 84.36
February 2000 83.18 84.36 84.36
March 2000 83.19 84.30 84.36
April 2000 83.16 84.26 84.33
May 2000 83.08 84.23 84.31
June 2000 83.04 84.19 84.28
July 2000 83.05 84.15 84.28
August 2000 83.09 84.10 84.25
September 2000 83.15 84.00 84.23
October 2000 83.20 83.87 84.22
November 2000 83.17 83.75 84.18
December 2000 83.11 83.72 84.16
January 2001 83.02 83.64 84.15
February 2001 82.94 83.61 84.13
March 2001 82.88 83.57 84.11
April 2001 82.87 83.53 84.10
May 2001 82.87 83.53 84.06
June 2001 82.88 83.55 84.00
July 2001 82.87 83.58 83.95
August 2001 82.80 83.63 83.86
September 2001 82.70 83.69 83.81
October 2001 82.63 83.73 83.77
November 2001 82.68 83.80 83.73
December 2001 82.72 83.79 83.69
January 2002 82.77 83.82 83.62
February 2002 82.79 83.83 83.56
March 2002 82.77 83.87 83.52
April 2002 82.73 83.92 83.49
May 2002 82.70 83.93 83.47
June 2002 82.68 83.89 83.42
July 2002 82.66 83.84 83.38
August 2002 82.60 83.74 83.36
September 2002 82.51 83.63 83.33
October 2002 82.47 83.61 83.29
November 2002 82.33 83.55 83.30
December 2002 82.24 83.51 83.28
January 2003 82.18 83.52 83.30
February 2003 82.13 83.48 83.31
March 2003 82.11 83.43 83.30
April 2003 82.11 83.34 83.24
May 2003 82.14 83.28 83.17
June 2003 82.13 83.25 83.15
July 2003 82.10 83.22 83.10
August 2003 82.08 83.22 83.09
September 2003 82.09 83.17 83.05
October 2003 82.04 83.14 83.01
November 2003 82.11 83.09 82.94
December 2003 82.11 83.04 82.91
January 2004 82.14 82.99 82.88
February 2004 82.18 82.98 82.90
March 2004 82.19 82.95 82.90
April 2004 82.18 82.94 82.91
May 2004 82.19 82.92 82.93
June 2004 82.16 82.91 82.96
July 2004 82.15 82.83 82.96
August 2004 82.12 82.79 82.93
September 2004 82.10 82.79 82.91
October 2004 82.10 82.78 82.86
November 2004 82.10 82.81 82.84
December 2004 82.16 82.86 82.83
January 2005 82.19 82.87 82.80
February 2005 82.25 82.89 82.78
March 2005 82.30 82.88 82.80
April 2005 82.41 82.91 82.81
May 2005 82.44 82.88 82.83
June 2005 82.43 82.93 82.81
July 2005 82.40 82.98 82.82
August 2005 82.32 83.05 82.81
September 2005 82.23 83.13 82.81
October 2005 82.16 83.16 82.86
November 2005 82.06 83.21 82.88
December 2005 82.02 83.22 82.91
January 2006 81.97 83.28 82.92
February 2006 81.93 83.30 82.92
March 2006 81.90 83.40 82.91
April 2006 81.80 83.40 82.92
May 2006 81.72 83.46 82.96
June 2006 81.70 83.43 83.01
July 2006 81.70 83.49 83.04
August 2006 81.81 83.51 83.11
September 2006 81.92 83.50 83.11
October 2006 81.98 83.50 83.11
November 2006 81.99 83.51 83.12
December 2006 81.96 83.53 83.12
January 2007 81.95 83.47 83.13
February 2007 81.95 83.41 83.14
March 2007 81.97 83.32 83.16
April 2007 82.01 83.34 83.15
May 2007 82.05 83.33 83.11
June 2007 82.07 83.29 83.13
July 2007 82.10 83.20 83.16
August 2007 82.15 83.07 83.17
September 2007 82.14 82.93 83.22
October 2007 82.16 82.80 83.28
November 2007 82.15 82.68 83.34
December 2007 82.09 82.60 83.39
January 2008 82.04 82.54 83.47
February 2008 81.95 82.56 83.52
March 2008 81.88 82.61 83.55
April 2008 81.81 82.56 83.59
May 2008 81.77 82.51 83.63
June 2008 81.76 82.51 83.61
July 2008 81.70 82.46 83.59
August 2008 81.66 82.47 83.57
September 2008 81.62 82.46 83.57
October 2008 81.49 82.46 83.53
November 2008 81.44 82.47 83.50
December 2008 81.40 82.40 83.46
January 2009 81.37 82.36 83.41
February 2009 81.35 82.30 83.39
March 2009 81.32 82.25 83.34
April 2009 81.25 82.13 83.29
May 2009 81.13 82.02 83.24
June 2009 81.03 81.91 83.19
July 2009 80.89 81.84 83.13
August 2009 80.76 81.79 83.13
September 2009 80.64 81.83 83.10
October 2009 80.64 81.84 83.07
November 2009 80.67 81.85 83.03
December 2009 80.70 81.83 82.96
January 2010 80.68 81.82 82.88
February 2010 80.67 81.81 82.79
March 2010 80.62 81.79 82.74
April 2010 80.61 81.85 82.69
May 2010 80.59 81.86 82.66
June 2010 80.54 81.88 82.63
July 2010 80.58 81.92 82.62
August 2010 80.56 81.91 82.55
September 2010 80.59 81.91 82.47
October 2010 80.55 81.83 82.40
November 2010 80.46 81.80 82.31
December 2010 80.39 81.79 82.28
January 2011 80.24 81.77 82.24
February 2011 80.15 81.80 82.18
March 2011 80.07 81.74 82.16
April 2011 80.00 81.68 82.13
May 2011 79.92 81.64 82.09
June 2011 79.84 81.58 82.05
July 2011 79.77 81.57 82.01
August 2011 79.71 81.55 81.99
September 2011 79.66 81.55 81.97
October 2011 79.60 81.55 81.97
November 2011 79.52 81.48 81.97
December 2011 79.47 81.44 81.99
January 2012 79.51 81.48 81.98
February 2012 79.51 81.43 82.02
March 2012 79.51 81.43 82.00
April 2012 79.55 81.44 81.98
May 2012 79.58 81.44 82.00
June 2012 79.57 81.43 81.97
July 2012 79.46 81.33 81.97
August 2012 79.33 81.17 81.97
September 2012 79.18 81.04 81.97
October 2012 79.12 80.99 81.94
November 2012 79.06 80.99 81.92
December 2012 79.01 81.03 81.92
January 2013 78.99 80.97 81.93
February 2013 78.95 80.90 81.93
March 2013 78.84 80.81 81.93
April 2013 78.76 80.72 81.91
May 2013 78.77 80.60 81.81
June 2013 78.79 80.49 81.80
July 2013 78.84 80.46 81.73
August 2013 78.88 80.54 81.69
September 2013 78.94 80.57 81.67
October 2013 78.98 80.61 81.65
November 2013 79.02 80.58 81.63
December 2013 79.07 80.48 81.57
January 2014 78.99 80.42 81.54
February 2014 78.93 80.41 81.51
March 2014 78.92 80.43 81.51
April 2014 78.79 80.39 81.51
May 2014 78.65 80.44 81.55
June 2014 78.52 80.51 81.54
July 2014 78.55 80.54 81.54
August 2014 78.58 80.49 81.54
September 2014 78.63 80.45 81.53
October 2014 78.56 80.38 81.54
November 2014 78.49 80.35 81.57
December 2014 78.47 80.32 81.62
January 2015 78.48 80.30 81.62
February 2015 78.49 80.26 81.60
March 2015 78.50 80.25 81.55
April 2015 78.56 80.27 81.51
May 2015 78.60 80.32 81.50
June 2015 78.60 80.37 81.51
July 2015 78.51 80.38 81.55
August 2015 78.45 80.43 81.59
September 2015 78.41 80.51 81.62
October 2015 78.46 80.61 81.66
November 2015 78.54 80.70 81.67
December 2015 78.54 80.78 81.64
January 2016 78.66 80.84 81.66
February 2016 78.74 80.93 81.69
March 2016 78.79 81.01 81.73
April 2016 78.86 81.05 81.82
May 2016 78.95 81.06 81.89
June 2016 79.05 80.98 81.92
July 2016 79.14 80.98 81.94
August 2016 79.15 80.93 81.98
September 2016 79.12 80.92 82.04
October 2016 79.10 80.88 82.06
November 2016 79.02 80.86 82.13
December 2016 79.01 80.93 82.17
January 2017 78.92 80.99 82.21
February 2017 78.88 81.00 82.28
March 2017 78.90 80.95 82.32
April 2017 78.94 80.96 82.34
May 2017 78.91 80.98 82.34
June 2017 78.98 81.09 82.36
July 2017 78.99 81.19 82.39
August 2017 78.96 81.29 82.41
September 2017 79.00 81.34 82.46
October 2017 79.01 81.43 82.49
November 2017 79.07 81.47 82.52
December 2017 79.13 81.45 82.56
January 2018 79.18 81.43 82.60
February 2018 79.22 81.46 82.62
March 2018 79.28 81.56 82.65
April 2018 79.28 81.62 82.66
May 2018 79.36 81.66 82.74
June 2018 79.37 81.73 82.83
July 2018 79.43 81.76 82.91
August 2018 79.52 81.89 82.98
September 2018 79.58 81.92 82.97
October 2018 79.66 81.92 82.98
November 2018 79.71 81.97 82.98
December 2018 79.72 82.00 83.01
January 2019 79.81 82.11 83.06

Note: Data are for persons aged 25 to 54. Larger metropolitan statistical areas (MSAs) consist of 500,000 people or more, and smaller MSAs consist of 100,000 to 500,000 people. The shaded bars indicate periods of business recession as defined by the National Bureau of Economic Research: March 2001-November 2001, and December 2007-June 2009.

Source: References listed in box note 2.

Return to text

Employment Disparities between Rural and Urban Areas: Figure D. Employment-to-population ratios
Noncollege adults

Monthly
Percent

Period Non-MSA MSAs
January 1996 74.15 72.80
February 1996 74.21 72.85
March 1996 74.24 72.95
April 1996 74.31 73.01
May 1996 74.33 73.07
June 1996 74.35 73.15
July 1996 74.39 73.26
August 1996 74.39 73.37
September 1996 74.32 73.46
October 1996 74.36 73.61
November 1996 74.44 73.74
December 1996 74.51 73.81
January 1997 74.67 73.92
February 1997 74.74 74.01
March 1997 74.81 74.11
April 1997 74.83 74.21
May 1997 74.94 74.25
June 1997 74.98 74.31
July 1997 75.05 74.37
August 1997 75.16 74.45
September 1997 75.28 74.56
October 1997 75.32 74.64
November 1997 75.39 74.70
December 1997 75.40 74.79
January 1998 75.37 74.85
February 1998 75.38 74.84
March 1998 75.35 74.86
April 1998 75.39 74.88
May 1998 75.41 74.90
June 1998 75.53 74.90
July 1998 75.63 74.93
August 1998 75.69 75.02
September 1998 75.78 75.08
October 1998 75.93 75.12
November 1998 75.84 75.18
December 1998 75.77 75.20
January 1999 75.71 75.20
February 1999 75.59 75.22
March 1999 75.54 75.19
April 1999 75.42 75.19
May 1999 75.34 75.21
June 1999 75.32 75.31
July 1999 75.23 75.38
August 1999 75.22 75.45
September 1999 75.21 75.54
October 1999 75.16 75.57
November 1999 75.24 75.61
December 1999 75.27 75.60
January 2000 75.23 75.63
February 2000 75.24 75.64
March 2000 75.28 75.62
April 2000 75.29 75.64
May 2000 75.24 75.67
June 2000 75.13 75.69
July 2000 75.11 75.67
August 2000 75.09 75.59
September 2000 75.12 75.49
October 2000 75.12 75.45
November 2000 75.01 75.39
December 2000 74.90 75.39
January 2001 74.81 75.31
February 2001 74.75 75.26
March 2001 74.68 75.17
April 2001 74.65 75.05
May 2001 74.52 74.94
June 2001 74.38 74.73
July 2001 74.20 74.57
August 2001 73.97 74.33
September 2001 73.79 74.16
October 2001 73.68 73.93
November 2001 73.70 73.79
December 2001 73.71 73.64
January 2002 73.74 73.51
February 2002 73.72 73.41
March 2002 73.69 73.33
April 2002 73.62 73.30
May 2002 73.66 73.24
June 2002 73.70 73.15
July 2002 73.75 73.07
August 2002 73.75 73.05
September 2002 73.61 72.98
October 2002 73.44 72.97
November 2002 73.23 72.98
December 2002 73.11 72.98
January 2003 73.01 72.99
February 2003 72.94 72.96
March 2003 72.92 72.92
April 2003 72.95 72.82
May 2003 72.94 72.73
June 2003 72.95 72.75
July 2003 72.90 72.72
August 2003 72.83 72.78
September 2003 72.83 72.82
October 2003 72.77 72.80
November 2003 72.89 72.72
December 2003 72.92 72.69
January 2004 72.96 72.69
February 2004 72.96 72.75
March 2004 72.99 72.78
April 2004 72.95 72.82
May 2004 72.94 72.89
June 2004 72.94 72.91
July 2004 72.98 72.87
August 2004 73.04 72.77
September 2004 73.07 72.73
October 2004 73.17 72.71
November 2004 73.23 72.73
December 2004 73.28 72.79
January 2005 73.30 72.81
February 2005 73.42 72.82
March 2005 73.40 72.87
April 2005 73.49 72.87
May 2005 73.59 72.86
June 2005 73.57 72.88
July 2005 73.47 72.93
August 2005 73.38 72.98
September 2005 73.24 73.03
October 2005 73.18 73.13
November 2005 73.08 73.20
December 2005 73.10 73.23
January 2006 73.18 73.29
February 2006 73.15 73.31
March 2006 73.21 73.31
April 2006 73.11 73.37
May 2006 73.00 73.47
June 2006 73.01 73.54
July 2006 73.05 73.63
August 2006 73.14 73.76
September 2006 73.30 73.81
October 2006 73.30 73.84
November 2006 73.22 73.85
December 2006 73.14 73.81
January 2007 73.08 73.74
February 2007 73.02 73.70
March 2007 72.99 73.70
April 2007 73.05 73.66
May 2007 73.11 73.55
June 2007 73.09 73.49
July 2007 73.12 73.42
August 2007 73.12 73.29
September 2007 73.04 73.23
October 2007 73.00 73.11
November 2007 73.01 72.99
December 2007 72.93 72.92
January 2008 72.82 72.89
February 2008 72.71 72.85
March 2008 72.56 72.76
April 2008 72.38 72.62
May 2008 72.27 72.49
June 2008 72.16 72.27
July 2008 71.94 72.00
August 2008 71.71 71.67
September 2008 71.46 71.31
October 2008 71.07 70.92
November 2008 70.67 70.57
December 2008 70.21 70.18
January 2009 69.78 69.83
February 2009 69.40 69.48
March 2009 68.98 69.13
April 2009 68.50 68.79
May 2009 67.99 68.39
June 2009 67.60 68.09
July 2009 67.15 67.81
August 2009 66.82 67.64
September 2009 66.59 67.51
October 2009 66.46 67.41
November 2009 66.55 67.31
December 2009 66.50 67.23
January 2010 66.46 67.13
February 2010 66.50 67.07
March 2010 66.54 67.04
April 2010 66.60 67.06
May 2010 66.70 67.16
June 2010 66.70 67.18
July 2010 66.90 67.22
August 2010 67.01 67.21
September 2010 67.07 67.19
October 2010 67.10 67.16
November 2010 66.94 67.09
December 2010 66.99 67.06
January 2011 66.97 66.98
February 2011 66.93 66.93
March 2011 66.94 66.86
April 2011 66.94 66.80
May 2011 66.89 66.74
June 2011 66.99 66.78
July 2011 67.01 66.80
August 2011 67.01 66.87
September 2011 67.04 66.90
October 2011 67.09 66.99
November 2011 67.19 67.12
December 2011 67.25 67.22
January 2012 67.36 67.36
February 2012 67.39 67.41
March 2012 67.43 67.41
April 2012 67.48 67.44
May 2012 67.50 67.49
June 2012 67.37 67.48
July 2012 67.16 67.53
August 2012 67.01 67.51
September 2012 66.85 67.53
October 2012 66.71 67.55
November 2012 66.52 67.57
December 2012 66.37 67.65
January 2013 66.26 67.69
February 2013 66.21 67.76
March 2013 66.03 67.82
April 2013 65.91 67.87
May 2013 65.88 67.81
June 2013 65.90 67.81
July 2013 66.02 67.80
August 2013 66.12 67.87
September 2013 66.34 67.94
October 2013 66.55 68.02
November 2013 66.73 68.11
December 2013 66.91 68.11
January 2014 66.97 68.15
February 2014 67.05 68.20
March 2014 67.13 68.34
April 2014 67.18 68.50
May 2014 67.19 68.65
June 2014 67.19 68.76
July 2014 67.31 68.86
August 2014 67.32 68.94
September 2014 67.27 69.01
October 2014 67.09 69.05
November 2014 67.04 69.05
December 2014 67.02 69.07
January 2015 67.00 69.07
February 2015 66.97 69.03
March 2015 66.97 69.01
April 2015 67.07 68.95
May 2015 67.12 68.97
June 2015 67.10 69.00
July 2015 66.94 69.03
August 2015 66.87 69.10
September 2015 66.83 69.17
October 2015 66.96 69.26
November 2015 67.03 69.33
December 2015 67.07 69.40
January 2016 67.29 69.44
February 2016 67.43 69.60
March 2016 67.51 69.72
April 2016 67.48 69.79
May 2016 67.50 69.83
June 2016 67.51 69.88
July 2016 67.41 69.95
August 2016 67.35 69.98
September 2016 67.29 70.04
October 2016 67.18 70.08
November 2016 67.15 70.20
December 2016 67.11 70.34
January 2017 66.89 70.52
February 2017 66.79 70.59
March 2017 66.81 70.59
April 2017 67.01 70.68
May 2017 67.08 70.76
June 2017 67.16 70.88
July 2017 67.31 71.06
August 2017 67.38 71.18
September 2017 67.48 71.32
October 2017 67.60 71.42
November 2017 67.66 71.46
December 2017 67.83 71.48
January 2018 68.01 71.48
February 2018 68.16 71.56
March 2018 68.28 71.64
April 2018 68.21 71.73
May 2018 68.30 71.89
June 2018 68.48 71.98
July 2018 68.60 72.03
August 2018 68.77 72.13
September 2018 68.99 72.18
October 2018 69.18 72.25
November 2018 69.30 72.27
December 2018 69.23 72.31
January 2019 69.23 72.37

Note: Data are for persons aged 25 to 54. MSA is metropolitan statistical area. The shaded bars indicate periods of business recession as defined by the National Bureau of Economic Research: March 2001-November 2001, and December 2007-June 2009.

Source: References listed in box note 2.

College adults

Monthly
Percent

Period Non-MSA MSAs
January 1996 85.98 85.53
February 1996 85.93 85.51
March 1996 85.89 85.48
April 1996 85.96 85.51
May 1996 85.99 85.58
June 1996 85.89 85.66
July 1996 85.77 85.71
August 1996 85.74 85.76
September 1996 85.84 85.80
October 1996 85.93 85.81
November 1996 86.06 85.82
December 1996 86.22 85.82
January 1997 86.40 85.81
February 1997 86.55 85.83
March 1997 86.62 85.87
April 1997 86.70 85.90
May 1997 86.65 85.92
June 1997 86.69 85.94
July 1997 86.71 85.97
August 1997 86.68 85.99
September 1997 86.57 86.01
October 1997 86.48 86.04
November 1997 86.39 86.07
December 1997 86.22 86.15
January 1998 86.07 86.20
February 1998 85.98 86.23
March 1998 86.02 86.21
April 1998 86.13 86.21
May 1998 86.25 86.18
June 1998 86.30 86.18
July 1998 86.39 86.18
August 1998 86.51 86.20
September 1998 86.51 86.20
October 1998 86.49 86.17
November 1998 86.47 86.14
December 1998 86.50 86.13
January 1999 86.55 86.11
February 1999 86.65 86.06
March 1999 86.64 86.03
April 1999 86.60 86.01
May 1999 86.63 86.01
June 1999 86.65 85.99
July 1999 86.62 85.96
August 1999 86.59 85.95
September 1999 86.64 85.95
October 1999 86.71 85.97
November 1999 86.77 86.02
December 1999 86.76 86.01
January 2000 86.71 85.99
February 2000 86.54 86.00
March 2000 86.48 85.98
April 2000 86.38 85.94
May 2000 86.25 85.90
June 2000 86.19 85.84
July 2000 86.17 85.83
August 2000 86.22 85.82
September 2000 86.29 85.79
October 2000 86.32 85.71
November 2000 86.31 85.59
December 2000 86.32 85.49
January 2001 86.26 85.41
February 2001 86.24 85.32
March 2001 86.18 85.24
April 2001 86.08 85.15
May 2001 86.04 85.02
June 2001 86.01 84.90
July 2001 85.99 84.74
August 2001 85.87 84.58
September 2001 85.68 84.47
October 2001 85.51 84.38
November 2001 85.41 84.26
December 2001 85.35 84.13
January 2002 85.24 84.00
February 2002 85.09 83.87
March 2002 85.00 83.79
April 2002 84.90 83.72
May 2002 84.81 83.69
June 2002 84.70 83.64
July 2002 84.57 83.59
August 2002 84.45 83.54
September 2002 84.49 83.46
October 2002 84.50 83.38
November 2002 84.43 83.36
December 2002 84.32 83.31
January 2003 84.30 83.29
February 2003 84.23 83.29
March 2003 84.14 83.24
April 2003 84.07 83.16
May 2003 84.02 83.08
June 2003 83.99 83.02
July 2003 83.97 82.98
August 2003 83.97 82.95
September 2003 83.93 82.93
October 2003 83.93 82.89
November 2003 83.97 82.89
December 2003 84.03 82.92
January 2004 84.05 82.95
February 2004 84.14 83.00
March 2004 84.25 83.05
April 2004 84.38 83.11
May 2004 84.49 83.17
June 2004 84.52 83.26
July 2004 84.52 83.30
August 2004 84.55 83.37
September 2004 84.58 83.41
October 2004 84.57 83.46
November 2004 84.63 83.50
December 2004 84.69 83.51
January 2005 84.72 83.53
February 2005 84.76 83.55
March 2005 84.79 83.62
April 2005 84.82 83.69
May 2005 84.82 83.74
June 2005 84.81 83.75
July 2005 84.87 83.78
August 2005 84.84 83.81
September 2005 84.80 83.84
October 2005 84.78 83.88
November 2005 84.67 83.89
December 2005 84.60 83.93
January 2006 84.53 83.97
February 2006 84.50 84.00
March 2006 84.44 84.02
April 2006 84.44 84.04
May 2006 84.41 84.12
June 2006 84.41 84.19
July 2006 84.41 84.24
August 2006 84.51 84.25
September 2006 84.63 84.25
October 2006 84.72 84.29
November 2006 84.79 84.32
December 2006 84.87 84.36
January 2007 84.97 84.39
February 2007 85.03 84.39
March 2007 85.13 84.37
April 2007 85.11 84.37
May 2007 85.15 84.33
June 2007 85.21 84.34
July 2007 85.24 84.34
August 2007 85.33 84.34
September 2007 85.29 84.34
October 2007 85.24 84.34
November 2007 85.21 84.36
December 2007 85.05 84.35
January 2008 84.92 84.34
February 2008 84.75 84.33
March 2008 84.62 84.28
April 2008 84.55 84.22
May 2008 84.46 84.13
June 2008 84.36 84.01
July 2008 84.15 83.86
August 2008 83.84 83.67
September 2008 83.58 83.46
October 2008 83.29 83.23
November 2008 83.02 83.01
December 2008 82.85 82.76
January 2009 82.70 82.49
February 2009 82.53 82.24
March 2009 82.41 82.00
April 2009 82.23 81.73
May 2009 82.07 81.50
June 2009 81.90 81.25
July 2009 81.74 81.04
August 2009 81.60 80.92
September 2009 81.44 80.83
October 2009 81.37 80.73
November 2009 81.38 80.64
December 2009 81.43 80.58
January 2010 81.44 80.54
February 2010 81.42 80.46
March 2010 81.36 80.40
April 2010 81.36 80.38
May 2010 81.30 80.35
June 2010 81.21 80.31
July 2010 81.19 80.33
August 2010 81.26 80.32
September 2010 81.41 80.31
October 2010 81.46 80.35
November 2010 81.45 80.34
December 2010 81.32 80.36
January 2011 81.10 80.35
February 2011 80.95 80.35
March 2011 80.76 80.39
April 2011 80.59 80.42
May 2011 80.52 80.43
June 2011 80.45 80.45
July 2011 80.39 80.46
August 2011 80.40 80.46
September 2011 80.28 80.50
October 2011 80.22 80.50
November 2011 80.13 80.52
December 2011 80.14 80.54
January 2012 80.29 80.56
February 2012 80.43 80.63
March 2012 80.54 80.69
April 2012 80.76 80.78
May 2012 80.84 80.85
June 2012 80.87 80.92
July 2012 80.84 80.95
August 2012 80.64 80.98
September 2012 80.56 81.02
October 2012 80.60 81.04
November 2012 80.65 81.07
December 2012 80.68 81.10
January 2013 80.66 81.14
February 2013 80.67 81.17
March 2013 80.71 81.19
April 2013 80.65 81.17
May 2013 80.64 81.12
June 2013 80.69 81.13
July 2013 80.79 81.15
August 2013 80.91 81.19
September 2013 80.93 81.20
October 2013 80.96 81.21
November 2013 80.97 81.23
December 2013 81.05 81.24
January 2014 81.04 81.30
February 2014 81.01 81.33
March 2014 81.00 81.35
April 2014 80.88 81.37
May 2014 80.86 81.48
June 2014 80.83 81.55
July 2014 80.90 81.61
August 2014 81.00 81.64
September 2014 81.24 81.70
October 2014 81.34 81.80
November 2014 81.44 81.89
December 2014 81.46 81.99
January 2015 81.59 82.06
February 2015 81.71 82.12
March 2015 81.82 82.17
April 2015 81.99 82.23
May 2015 81.99 82.28
June 2015 82.02 82.34
July 2015 81.91 82.43
August 2015 81.88 82.53
September 2015 81.83 82.62
October 2015 81.75 82.68
November 2015 81.75 82.71
December 2015 81.81 82.72
January 2016 81.84 82.73
February 2016 81.87 82.75
March 2016 81.87 82.76
April 2016 81.92 82.83
May 2016 82.02 82.91
June 2016 82.17 82.92
July 2016 82.35 82.94
August 2016 82.41 82.95
September 2016 82.44 82.98
October 2016 82.47 83.01
November 2016 82.43 83.06
December 2016 82.44 83.06
January 2017 82.46 83.07
February 2017 82.46 83.15
March 2017 82.43 83.21
April 2017 82.39 83.26
May 2017 82.42 83.29
June 2017 82.47 83.34
July 2017 82.51 83.37
August 2017 82.56 83.39
September 2017 82.61 83.45
October 2017 82.69 83.47
November 2017 82.74 83.51
December 2017 82.74 83.61
January 2018 82.73 83.70
February 2018 82.80 83.75
March 2018 82.95 83.82
April 2018 83.07 83.85
May 2018 83.19 83.91
June 2018 83.22 83.98
July 2018 83.26 84.06
August 2018 83.26 84.15
September 2018 83.32 84.17
October 2018 83.36 84.19
November 2018 83.43 84.21
December 2018 83.48 84.19
January 2019 83.68 84.24

Note: Data are for persons aged 25 to 54. MSA is metropolitan statistical area. The shaded bars indicate periods of business recession as defined by the National Bureau of Economic Research: March 2001-November 2001, and December 2007-June 2009.

Source: References listed in box note 2.

Return to text

Figure 6. Measures of change in hourly compensation

Quarterly
Percent change from year earlier

Period Compensation per hour, business sector Employment cost index, private sector
2003:Q1 2.31 3.63
2003:Q2 3.37 3.48
2003:Q3 4.16 3.90
2003:Q4 5.27 4.00
2004:Q1 4.60 3.83
2004:Q2 4.55 3.90
2004:Q3 5.01 3.76
2004:Q4 4.40 3.85
2005:Q1 5.05 3.48
2005:Q2 3.45 3.13
2005:Q3 3.01 2.90
2005:Q4 3.05 2.88
2006:Q1 4.55 2.65
2006:Q2 4.10 2.83
2006:Q3 2.92 3.02
2006:Q4 3.89 3.20
2007:Q1 4.25 3.17
2007:Q2 4.61 3.15
2007:Q3 4.94 3.12
2007:Q4 4.10 3.00
2008:Q1 2.56 3.17
2008:Q2 2.47 2.96
2008:Q3 2.86 2.84
2008:Q4 2.94 2.45
2009:Q1 -0.63 1.86
2009:Q2 1.62 1.48
2009:Q3 1.48 1.20
2009:Q4 1.07 1.19
2010:Q1 2.93 1.65
2010:Q2 1.59 1.92
2010:Q3 1.36 2.00
2010:Q4 1.20 2.09
2011:Q1 3.71 1.98
2011:Q2 2.11 2.33
2011:Q3 2.20 2.14
2011:Q4 0.52 2.22
2012:Q1 1.18 2.12
2012:Q2 2.25 1.84
2012:Q3 1.78 1.92
2012:Q4 5.91 1.83
2013:Q1 2.09 1.90
2013:Q2 2.30 1.89
2013:Q3 1.79 1.88
2013:Q4 -0.26 1.96
2014:Q1 3.46 1.70
2014:Q2 1.78 2.02
2014:Q3 2.55 2.27
2014:Q4 2.81 2.35
2015:Q1 1.71 2.75
2015:Q2 3.54 1.90
2015:Q3 3.67 1.89
2015:Q4 2.49 1.88
2016:Q1 1.24 1.79
2016:Q2 0.38 2.35
2016:Q3 0.50 2.26
2016:Q4 2.08 2.17
2017:Q1 3.09 2.31
2017:Q2 3.34 2.38
2017:Q3 4.12 2.52
2017:Q4 3.03 2.59
2018:Q1 3.09 2.81
2018:Q2 2.89 2.86
2018:Q3 2.22 2.92
2018:Q4 ND 2.99

Note: Business-sector compensation is on a 4-quarter percentage change basis and extends through 2018:Q3. For the private-sector employment cost index, change is over the 12 months ending in the last month of each quarter.

Source: Bureau of Labor Statistics via Haver Analytics.

Monthly
Percent change from year earlier

Period Average hourly earnings, private sector Atlanta Fed's Wage Growth Tracker
January 2003 ND 3.7
February 2003 ND 3.9
March 2003 ND 3.7
April 2003 ND 3.5
May 2003 ND 3.5
June 2003 ND 3.6
July 2003 ND 3.7
August 2003 ND 3.5
September 2003 ND 3.5
October 2003 ND 3.4
November 2003 ND 3.3
December 2003 ND 3.3
January 2004 ND 3.3
February 2004 ND 3.4
March 2004 ND 3.4
April 2004 ND 3.4
May 2004 ND 3.4
June 2004 ND 3.3
July 2004 ND 3.4
August 2004 ND 3.5
September 2004 ND 3.7
October 2004 ND 3.7
November 2004 ND 3.7
December 2004 ND 3.6
January 2005 ND 3.6
February 2005 ND 3.5
March 2005 ND 3.6
April 2005 ND 3.5
May 2005 ND 3.6
June 2005 ND 3.8
July 2005 ND 4.0
August 2005 ND 4.0
September 2005 ND 4.1
October 2005 ND 4.1
November 2005 ND 4.2
December 2005 ND 4.1
January 2006 ND 4.0
February 2006 ND 3.8
March 2006 ND 3.8
April 2006 ND 3.8
May 2006 ND 3.9
June 2006 ND 3.8
July 2006 ND 3.7
August 2006 ND 3.8
September 2006 ND 3.8
October 2006 ND 3.8
November 2006 ND 3.9
December 2006 ND 4.0
January 2007 ND 4.2
February 2007 ND 4.1
March 2007 3.44 4.3
April 2007 3.08 4.1
May 2007 3.48 4.1
June 2007 3.56 4.0
July 2007 3.25 4.2
August 2007 3.35 4.3
September 2007 3.14 4.4
October 2007 3.08 4.3
November 2007 3.07 4.3
December 2007 2.97 4.1
January 2008 2.91 3.9
February 2008 2.80 3.9
March 2008 3.04 4.0
April 2008 2.84 4.1
May 2008 3.07 4.1
June 2008 2.77 4.1
July 2008 3.05 4.1
August 2008 3.33 4.0
September 2008 3.23 4.0
October 2008 3.27 4.0
November 2008 3.60 4.0
December 2008 3.59 3.8
January 2009 3.63 3.6
February 2009 3.43 3.4
March 2009 3.28 3.3
April 2009 3.42 3.2
May 2009 2.93 3.3
June 2009 2.83 3.1
July 2009 2.69 2.9
August 2009 2.44 2.5
September 2009 2.44 2.3
October 2009 2.53 2.1
November 2009 2.19 2.1
December 2009 1.91 1.7
January 2010 2.05 1.6
February 2010 2.09 1.7
March 2010 1.81 1.9
April 2010 1.76 1.9
May 2010 1.90 1.6
June 2010 1.76 1.7
July 2010 1.85 1.8
August 2010 1.75 2.0
September 2010 1.84 1.9
October 2010 1.93 1.7
November 2010 1.65 1.7
December 2010 1.79 1.7
January 2011 1.92 1.9
February 2011 1.87 1.9
March 2011 1.87 1.9
April 2011 1.91 1.9
May 2011 2.04 2.0
June 2011 2.13 2.0
July 2011 2.30 2.1
August 2011 1.99 2.2
September 2011 1.94 2.1
October 2011 2.07 2.2
November 2011 2.02 2.0
December 2011 1.98 2.0
January 2012 1.71 1.9
February 2012 1.79 1.9
March 2012 2.10 2.0
April 2012 2.09 2.2
May 2012 1.78 2.1
June 2012 2.00 2.3
July 2012 1.77 2.1
August 2012 1.86 2.1
September 2012 2.03 2.1
October 2012 1.51 2.1
November 2012 1.90 2.3
December 2012 2.24 2.3
January 2013 2.24 2.3
February 2013 2.15 2.3
March 2013 1.93 2.2
April 2013 2.05 2.2
May 2013 2.14 2.2
June 2013 2.13 2.1
July 2013 2.00 2.3
August 2013 2.26 2.3
September 2013 2.04 2.4
October 2013 2.25 2.2
November 2013 2.24 2.0
December 2013 1.85 2.2
January 2014 1.89 2.3
February 2014 2.27 2.5
March 2014 2.10 2.4
April 2014 1.93 2.3
May 2014 2.09 2.3
June 2014 1.96 2.3
July 2014 2.04 2.4
August 2014 2.16 2.4
September 2014 2.08 2.6
October 2014 2.03 2.8
November 2014 2.03 2.9
December 2014 1.99 2.9
January 2015 2.19 3.0
February 2015 1.93 3.0
March 2015 2.22 3.2
April 2015 2.26 3.3
May 2015 2.34 3.3
June 2015 2.25 3.2
July 2015 2.17 3.2
August 2015 2.20 3.1
September 2015 2.28 3.0
October 2015 2.52 2.9
November 2015 2.43 3.1
December 2015 2.47 3.1
January 2016 2.55 3.1
February 2016 2.42 3.2
March 2016 2.45 3.2
April 2016 2.61 3.4
May 2016 2.40 3.5
June 2016 2.60 3.6
July 2016 2.76 3.4
August 2016 2.55 3.3
September 2016 2.63 3.6
October 2016 2.66 3.9
November 2016 2.61 3.9
December 2016 2.65 3.5
January 2017 2.40 3.2
February 2017 2.72 3.2
March 2017 2.55 3.4
April 2017 2.47 3.5
May 2017 2.54 3.4
June 2017 2.50 3.2
July 2017 2.57 3.3
August 2017 2.57 3.4
September 2017 2.83 3.6
October 2017 2.32 3.4
November 2017 2.47 3.2
December 2017 2.74 2.9
January 2018 2.81 3.0
February 2018 2.57 2.9
March 2018 2.80 3.3
April 2018 2.79 3.3
May 2018 2.94 3.2
June 2018 2.93 3.2
July 2018 2.85 3.3
August 2018 3.18 3.5
September 2018 2.98 3.5
October 2018 3.32 3.7
November 2018 3.31 3.9
December 2018 3.34 3.8
January 2019 3.18 3.7

Note: For private-sector average hourly earnings, the data are 12-month percent changes and begin in March 2007; for the Atlanta Fed's Wage Growth Tracker, the data are shown as a 3-month moving average of the 12-month percent change.

Source: Bureau of Labor Statistics via Haver Analytics; Federal Reserve Bank of Atlanta, Wage Growth Tracker.

Return to text

Figure 7. Change in business-sector output per hour

Percent, annual rate

Period Percent change
1948-1973 3.21
1974-1995 1.59
1996-2000 3.19
2001-2007 2.67
2008-2017 1.33
2018 1.99

Note: Changes are measured from Q4 of the year immediately preceding the period through Q4 of the final year of the period. The bar for 2018 reports growth from 2017:Q4 through 2018:Q3 at an annual rate.

Source: Bureau of Labor Statistics via Haver Analytics.

Return to text

Figure 8. Change in the price index for personal consumption expenditures

Monthly
12-month percent change

Period Total Excluding food and energy Trimmed mean
January 2012 2.63 2.13 2.10
February 2012 2.58 2.10 2.03
March 2012 2.35 2.11 2.02
April 2012 2.06 2.04 2.00
May 2012 1.63 1.89 1.93
June 2012 1.59 1.88 1.90
July 2012 1.45 1.82 1.85
August 2012 1.54 1.67 1.79
September 2012 1.70 1.72 1.80
October 2012 1.99 1.91 1.78
November 2012 1.72 1.80 1.70
December 2012 1.65 1.71 1.62
January 2013 1.47 1.59 1.58
February 2013 1.60 1.55 1.62
March 2013 1.28 1.48 1.57
April 2013 1.07 1.41 1.43
May 2013 1.25 1.42 1.40
June 2013 1.53 1.49 1.50
July 2013 1.62 1.51 1.55
August 2013 1.43 1.57 1.54
September 2013 1.16 1.55 1.52
October 2013 1.03 1.52 1.53
November 2013 1.25 1.58 1.61
December 2013 1.46 1.63 1.66
January 2014 1.47 1.52 1.63
February 2014 1.14 1.45 1.56
March 2014 1.48 1.58 1.60
April 2014 1.77 1.69 1.76
May 2014 1.85 1.74 1.81
June 2014 1.76 1.69 1.78
July 2014 1.80 1.77 1.81
August 2014 1.63 1.69 1.76
September 2014 1.62 1.71 1.76
October 2014 1.43 1.58 1.74
November 2014 1.23 1.52 1.72
December 2014 0.84 1.46 1.68
January 2015 0.17 1.34 1.58
February 2015 0.27 1.39 1.64
March 2015 0.28 1.35 1.62
April 2015 0.14 1.32 1.63
May 2015 0.24 1.28 1.61
June 2015 0.33 1.30 1.63
July 2015 0.27 1.22 1.61
August 2015 0.30 1.28 1.67
September 2015 0.13 1.29 1.67
October 2015 0.15 1.22 1.62
November 2015 0.31 1.26 1.60
December 2015 0.41 1.25 1.58
January 2016 0.97 1.47 1.69
February 2016 0.75 1.55 1.71
March 2016 0.68 1.48 1.70
April 2016 0.96 1.56 1.71
May 2016 0.89 1.60 1.75
June 2016 0.86 1.58 1.72
July 2016 0.85 1.69 1.75
August 2016 1.00 1.78 1.77
September 2016 1.25 1.72 1.78
October 2016 1.49 1.86 1.88
November 2016 1.46 1.78 1.89
December 2016 1.74 1.85 1.96
January 2017 2.05 1.90 2.02
February 2017 2.18 1.87 1.97
March 2017 1.86 1.64 1.90
April 2017 1.78 1.64 1.86
May 2017 1.61 1.59 1.82
June 2017 1.51 1.62 1.81
July 2017 1.48 1.50 1.74
August 2017 1.54 1.41 1.72
September 2017 1.77 1.48 1.73
October 2017 1.71 1.58 1.73
November 2017 1.87 1.61 1.76
December 2017 1.81 1.64 1.78
January 2018 1.75 1.63 1.79
February 2018 1.85 1.66 1.80
March 2018 2.07 1.96 1.86
April 2018 2.05 1.89 1.84
May 2018 2.25 1.98 1.91
June 2018 2.28 1.95 1.97
July 2018 2.36 2.04 2.03
August 2018 2.21 1.95 2.02
September 2018 1.99 1.96 1.99
October 2018 2.01 1.82 1.94
November 2018 1.84 1.88 1.97
December 2018 1.74 1.87 ND

Note: The data for total and excluding food and energy extend through December 2018; final values are staff estimates. The trimmed data extend through November 2018.

Source: For trimmed mean, Federal Reserve Bank of Dallas; for all else, Bureau of Economic Analysis; all via Haver Analytics.

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Figure 9. Spot and futures prices for crude oil

Series: Brent spot price and 24-month-ahead futures contracts

Horizon: January 1, 2014, to February 20, 2019

Description: The data are weekly averages of daily data and are plotted as two lines. Units for both the spot price and the futures contracts series are in dollars per barrel along the right axis. The lines follow a similar, somewhat volatile pattern and intersect at multiple points over the time horizon. Both series begin in 2014 at around 100 and are fairly constant until the latter half of 2014. In mid-2014, both series begin to decline, falling sharply through the end of the year before partially rebounding over the first few months of 2015. Both series then decline steadily and reach their respective troughs by the start of 2016. Both series increase moderately over the rest of 2016 but start to level off in early 2017. They subsequently decline modestly through mid-2017, after which both series begin to increase once again, with the spot price series increasing more rapidly than the futures contracts series over the second half of 2017. Each series reaches a peak in early 2018, after which they decline sharply toward a trough around the end of 2018. Both series then rise to around 65, with the spot price series ending slightly above the futures series.

The spot price series starts at around 110 in January 2014. The series fluctuates around 110 through the first half of 2014. In the second half of 2014, the series declines dramatically from above 110 to below 50 in January 2015. In 2015:Q1, the series rebounds to around 60 before dropping slightly to near 55. In 2015:Q2, the series increases to above 65 and then declines to about 45 in the middle of 2015:Q3. From the beginning of 2015:Q4 to the beginning of 2016:Q1, the series declines from about 50 to just under 30. The series gradually increases over the remainder of 2016 and the beginning of 2017 to about 55 in February 2017. The series then falls to about 45 in mid-June and increases to about 70 in January 2018. The series slightly declines in February to just under 65 and then resumes rising to around 85 in September. The series drops sharply to 50 at the end of 2018. The series then recovers and ends around 65.

The 24-month-ahead futures contracts series starts at around 100 in 2014 and is relatively unchanged until the middle of 2014. Starting in 2014:Q3, the series drops dramatically to about 70 in January 2015. The series stays at around 70 before another decline to about 60 by 2015:Q3. The series remains at around 60 in the beginning of 2015:Q4 but then declines to just above 40 in 2016:Q1. The series gradually increases over the first half of 2016 to about 55 by the middle of June and fluctuates between 50 and 60 through June 2017. The series then increases through January 2018, slightly dips in February, then resumes increasing, reaching a peak of about 75 in September. The series then declines sharply to around 55 before rising back up to end just under 65.

Note: The data are weekly averages of daily data and extend through February 20, 2019.

Source: ICE Brent Futures via Bloomberg.

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Figure 10. Nonfuel import prices and industrial metals indexes

Monthly
January 2014 = 100

Period Nonfuel import prices Industrial metals
January 2014 100.00 100.00
February 2014 100.00 98.33
March 2014 100.34 95.89
April 2014 100.34 98.90
May 2014 100.34 100.23
June 2014 100.25 101.31
July 2014 100.34 106.34
August 2014 100.34 106.53
September 2014 100.17 104.33
October 2014 100.08 101.23
November 2014 99.83 102.29
December 2014 99.75 97.77
January 2015 99.08 91.10
February 2015 98.91 90.33
March 2015 98.49 90.09
April 2015 98.16 92.20
May 2015 98.16 95.08
June 2015 97.99 88.40
July 2015 97.74 83.67
August 2015 97.40 78.54
September 2015 97.15 78.83
October 2015 96.90 77.98
November 2015 96.65 73.01
December 2015 96.31 72.05
January 2016 96.23 70.26
February 2016 96.14 72.82
March 2016 96.06 75.95
April 2016 96.14 76.31
May 2016 96.40 74.94
June 2016 96.23 75.92
July 2016 96.56 79.82
August 2016 96.56 79.59
September 2016 96.56 79.14
October 2016 96.56 80.66
November 2016 96.48 88.34
December 2016 96.48 89.97
January 2017 96.40 91.53
February 2017 96.73 95.17
March 2017 96.90 94.66
April 2017 97.15 92.84
May 2017 97.23 91.40
June 2017 97.32 91.57
July 2017 97.23 95.48
August 2017 97.49 102.56
September 2017 97.82 105.05
October 2017 97.90 108.19
November 2017 97.90 107.82
December 2017 97.74 107.69
January 2018 98.24 112.95
February 2018 98.66 112.51
March 2018 98.74 108.09
April 2018 98.83 110.99
May 2018 98.99 111.84
June 2018 98.74 111.93
July 2018 98.58 101.00
August 2018 98.41 98.87
September 2018 98.41 97.55
October 2018 98.49 99.23
November 2018 98.24 95.93
December 2018 98.24 94.66
January 2019 98.07 93.64
February 2019 ND 97.54

Note: The data for nonfuel import prices are monthly. The data for industrial metals are a monthly average of daily data and extend through February 20, 2019.

Source: For nonfuel import prices, Bureau of Labor Statistics; for industrial metals, S&P GSCI Industrial Metals Spot Index via Haver Analytics.

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Figure 11. Median inflation expectations

SPF expectations for next 10 years

Period Percent
2007:Q1 2.00
2007:Q2 2.00
2007:Q3 2.10
2007:Q4 2.10
2008:Q1 2.20
2008:Q2 2.20
2008:Q3 2.20
2008:Q4 2.20
2009:Q1 2.20
2009:Q2 2.27
2009:Q3 2.15
2009:Q4 2.10
2010:Q1 2.10
2010:Q2 2.15
2010:Q3 2.10
2010:Q4 2.00
2011:Q1 2.10
2011:Q2 2.27
2011:Q3 2.25
2011:Q4 2.15
2012:Q1 2.15
2012:Q2 2.20
2012:Q3 2.20
2012:Q4 2.10
2013:Q1 2.00
2013:Q2 2.00
2013:Q3 2.00
2013:Q4 2.00
2014:Q1 2.00
2014:Q2 2.00
2014:Q3 2.00
2014:Q4 2.00
2015:Q1 2.00
2015:Q2 1.98
2015:Q3 2.00
2015:Q4 1.90
2016:Q1 1.97
2016:Q2 2.00
2016:Q3 2.00
2016:Q4 2.00
2017:Q1 2.10
2017:Q2 2.09
2017:Q3 2.00
2017:Q4 2.00
2018:Q1 2.00
2018:Q2 2.00
2018:Q3 2.00
2018:Q4 2.00

Note: The SPF data for inflation expectations for personal consumption expenditures are quarterly and begin in 2007:Q1.

Source: Federal Reserve Bank of Philadelphia, Survey of Professional Forecasters (SPF).

Michigan survey expectations for next 5 to 10 years

Period Percent
January 2005 2.7
February 2005 2.8
March 2005 2.9
April 2005 3.0
May 2005 2.9
June 2005 2.8
July 2005 2.9
August 2005 2.8
September 2005 3.1
October 2005 3.2
November 2005 3.0
December 2005 3.1
January 2006 2.9
February 2006 2.9
March 2006 2.9
April 2006 3.1
May 2006 3.2
June 2006 2.9
July 2006 2.9
August 2006 3.2
September 2006 3.0
October 2006 3.1
November 2006 3.0
December 2006 3.0
January 2007 3.0
February 2007 2.9
March 2007 2.9
April 2007 3.1
May 2007 3.1
June 2007 2.9
July 2007 3.1
August 2007 2.9
September 2007 2.9
October 2007 2.8
November 2007 2.9
December 2007 3.1
January 2008 3.0
February 2008 3.0
March 2008 2.9
April 2008 3.2
May 2008 3.4
June 2008 3.4
July 2008 3.2
August 2008 3.2
September 2008 3.0
October 2008 2.9
November 2008 2.9
December 2008 2.6
January 2009 2.9
February 2009 3.1
March 2009 2.6
April 2009 2.8
May 2009 2.9
June 2009 3.0
July 2009 3.0
August 2009 2.8
September 2009 2.8
October 2009 2.9
November 2009 3.0
December 2009 2.7
January 2010 2.9
February 2010 2.7
March 2010 2.7
April 2010 2.7
May 2010 2.9
June 2010 2.8
July 2010 2.9
August 2010 2.8
September 2010 2.7
October 2010 2.8
November 2010 2.8
December 2010 2.8
January 2011 2.9
February 2011 2.9
March 2011 3.2
April 2011 2.9
May 2011 2.9
June 2011 3.0
July 2011 2.9
August 2011 2.9
September 2011 2.8
October 2011 2.7
November 2011 2.7
December 2011 2.7
January 2012 2.7
February 2012 2.9
March 2012 3.0
April 2012 2.9
May 2012 2.7
June 2012 2.8
July 2012 2.7
August 2012 3.0
September 2012 2.8
October 2012 2.7
November 2012 2.8
December 2012 2.9
January 2013 2.9
February 2013 3.0
March 2013 2.8
April 2013 2.9
May 2013 2.9
June 2013 2.9
July 2013 2.8
August 2013 2.9
September 2013 3.0
October 2013 2.8
November 2013 2.9
December 2013 2.7
January 2014 2.9
February 2014 2.9
March 2014 2.9
April 2014 2.9
May 2014 2.8
June 2014 2.9
July 2014 2.7
August 2014 2.9
September 2014 2.8
October 2014 2.8
November 2014 2.6
December 2014 2.8
January 2015 2.8
February 2015 2.7
March 2015 2.8
April 2015 2.6
May 2015 2.8
June 2015 2.6
July 2015 2.8
August 2015 2.7
September 2015 2.7
October 2015 2.5
November 2015 2.6
December 2015 2.6
January 2016 2.7
February 2016 2.5
March 2016 2.7
April 2016 2.5
May 2016 2.5
June 2016 2.6
July 2016 2.6
August 2016 2.5
September 2016 2.6
October 2016 2.4
November 2016 2.6
December 2016 2.3
January 2017 2.6
February 2017 2.5
March 2017 2.4
April 2017 2.4
May 2017 2.4
June 2017 2.5
July 2017 2.6
August 2017 2.5
September 2017 2.5
October 2017 2.5
November 2017 2.4
December 2017 2.4
January 2018 2.5
February 2018 2.5
March 2018 2.5
April 2018 2.5
May 2018 2.5
June 2018 2.6
July 2018 2.4
August 2018 2.6
September 2018 2.5
October 2018 2.4
November 2018 2.6
December 2018 2.5
January 2019 2.6
February 2019 2.3

Note: The Michigan survey data are monthly and extend through February 2019; the February data are preliminary.

Source: University of Michigan Surveys of Consumers.

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Figure 12. 5-to-10-year-forward inflation compensation

Series: Inflation swaps and TIPS breakeven rates

Horizon: January 3, 2011, to February 15, 2019

Description: The data are weekly averages of daily data that are plotted as two curves. Units for both series are percent and are along the right axis. The two curves follow a generally similar path, with the inflation swaps somewhat higher than the TIPS breakeven rates.

The inflation swap series starts at around 3 in January 2011, where it hovers before decreasing to approximately 2.5 in 2011:Q4. The series fluctuates between 2.5 and 3 throughout most of 2012. The series remains fairly constant, wavering between 2.9 and 3.1 in the first half of 2013. In June and July of 2013, the series fluctuates between 2.7 and 2.9. It remains steady until July 2014; during this time, the series drops from a high of around 2.9 to a low of around 2.1 in February 2015. The series continues to pick up and drop off from February 2015 to October 2016. In January 2016, the series falls below 2, wavering between 1.8 and 2. In October 2016, the series begins to tick up slowly, reaching approximately 2.5 before falling to around 2.1 in June 2017. From June 2017 to December 2018, the series slowly picks up until it falls to around 2.1 in January 2019. In the first weeks of February 2019, the series picks up to approximately 2.2.

The TIPS breakeven rates series begins around 3 in January 2011 and hovers between 2.9 and 3.1 until mid-February. The series then falls to approximately 2.3 in November 2011. It begins to pick up to 2.9 and fall off to 2.4 periodically through August 2014. From 2014 to 2015, the series mostly trends down. It falls to around 1.4 in February 2016 and then picks up to around 1.7 in May 2016. The series trends down to around 1.5 in September 2016 and then picks up to approximately 2 in December 2016. It hovers between 1.75 and 2 until April 2018. Between April and November 2018, the series remains fairly steady, moving between 2 and 2.2. In late November 2018, the series trends down, eventually reaching around 1.8 in December 2018. The series picks up slightly between January and February 2019, ending at around 1.9.

Note: The data are weekly averages of daily data and extend through February 15, 2019. TIPS is Treasury Inflation-Protected Securities.

Source: Federal Reserve Bank of New York; Barclays; Federal Reserve Board staff estimates.

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Figure 13. Change in real gross domestic product and gross domestic income

Percent, annual rate

Period Gross domestic product Gross domestic income
2012 1.47 2.88
2013 2.61 1.50
2014 2.70 3.95
2015 2.00 1.38
2016 1.88 1.22
2017 2.47 2.25
2018:H1 3.18 2.38
2018:Q3 3.36 4.26

Source: Bureau of Economic Analysis via Haver Analytics.

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Figure 14. Change in real personal consumption expenditures and disposable personal income

Percent, annual rate

Period Personal consumption expenditures Disposable personal income
2012 1.57 4.89
2013 1.87 -2.49
2014 3.76 5.15
2015 3.02 3.11
2016 2.77 1.59
2017 2.70 2.78
2018:H1 2.15 3.10
2018:Q3 3.51 2.36

Source: Bureau of Economic Analysis via Haver Analytics.

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Figure 15. Personal saving rate

Monthly

Period Percent
January 2006 4.2
February 2006 4.2
March 2006 4.2
April 2006 4.0
May 2006 3.8
June 2006 4.0
July 2006 3.4
August 2006 3.6
September 2006 3.6
October 2006 3.6
November 2006 3.9
December 2006 3.7
January 2007 3.7
February 2007 4.1
March 2007 4.4
April 2007 4.2
May 2007 4.0
June 2007 3.8
July 2007 3.7
August 2007 3.4
September 2007 3.5
October 2007 3.4
November 2007 3.1
December 2007 3.6
January 2008 3.7
February 2008 4.1
March 2008 4.0
April 2008 3.4
May 2008 7.8
June 2008 5.5
July 2008 4.4
August 2008 3.8
September 2008 4.7
October 2008 5.5
November 2008 6.4
December 2008 6.4
January 2009 6.2
February 2009 5.5
March 2009 5.9
April 2009 6.8
May 2009 8.2
June 2009 6.7
July 2009 6.0
August 2009 4.9
September 2009 5.9
October 2009 5.4
November 2009 5.9
December 2009 5.9
January 2010 6.1
February 2010 5.8
March 2010 5.7
April 2010 6.4
May 2010 7.0
June 2010 6.9
July 2010 6.8
August 2010 6.9
September 2010 6.7
October 2010 6.6
November 2010 6.6
December 2010 7.1
January 2011 7.4
February 2011 7.6
March 2011 7.0
April 2011 6.9
May 2011 6.9
June 2011 7.2
July 2011 7.3
August 2011 7.2
September 2011 6.8
October 2011 6.8
November 2011 7.0
December 2011 7.8
January 2012 8.0
February 2012 8.0
March 2012 8.5
April 2012 8.7
May 2012 8.8
June 2012 9.1
July 2012 8.2
August 2012 8.0
September 2012 8.2
October 2012 8.8
November 2012 9.7
December 2012 12.0
January 2013 6.3
February 2013 5.8
March 2013 5.9
April 2013 6.4
May 2013 6.7
June 2013 6.8
July 2013 6.6
August 2013 6.7
September 2013 6.8
October 2013 6.3
November 2013 6.2
December 2013 6.4
January 2014 7.1
February 2014 7.3
March 2014 7.4
April 2014 7.4
May 2014 7.4
June 2014 7.4
July 2014 7.5
August 2014 7.2
September 2014 7.4
October 2014 7.2
November 2014 7.3
December 2014 7.6
January 2015 7.7
February 2015 7.9
March 2015 7.4
April 2015 7.6
May 2015 7.5
June 2015 7.6
July 2015 7.6
August 2015 7.7
September 2015 7.7
October 2015 7.6
November 2015 7.2
December 2015 7.3
January 2016 7.7
February 2016 7.2
March 2016 7.5
April 2016 7.0
May 2016 6.6
June 2016 6.2
July 2016 6.4
August 2016 6.3
September 2016 6.3
October 2016 6.4
November 2016 6.4
December 2016 6.3
January 2017 6.7
February 2017 7.2
March 2017 7.0
April 2017 6.7
May 2017 6.9
June 2017 6.6
July 2017 6.7
August 2017 6.8
September 2017 6.6
October 2017 6.5
November 2017 6.2
December 2017 6.2
January 2018 7.0
February 2018 7.4
March 2018 7.2
April 2018 6.8
May 2018 6.6
June 2018 6.5
July 2018 6.3
August 2018 6.3
September 2018 6.3
October 2018 6.1
November 2018 6.0

Note: Data extend through November 2018.

Source: Bureau of Economic Analysis via Haver Analytics.

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Figure 16. Prices of existing single-family houses

Monthly
Percent change from year earlier

Period S&P/Case-Shiller national index Zillow index CoreLogic price index
January 2008 -6.36 -3.20 -11.20
February 2008 -7.28 -4.00 -12.37
March 2008 -7.84 -4.85 -13.05
April 2008 -8.13 -5.79 -13.64
May 2008 -8.17 -6.73 -13.78
June 2008 -8.26 -7.45 -13.83
July 2008 -8.44 -7.93 -14.15
August 2008 -8.85 -8.42 -14.54
September 2008 -9.61 -8.95 -15.35
October 2008 -10.35 -9.25 -16.14
November 2008 -10.90 -9.56 -16.64
December 2008 -12.00 -9.76 -17.46
January 2009 -12.70 -9.83 -17.93
February 2009 -12.75 -9.85 -17.45
March 2009 -12.73 -9.87 -16.62
April 2009 -12.18 -9.90 -15.32
May 2009 -11.29 -9.89 -13.55
June 2009 -10.05 -9.89 -11.76
July 2009 -9.03 -9.65 -10.20
August 2009 -8.29 -9.30 -8.83
September 2009 -7.59 -8.89 -7.58
October 2009 -6.65 -8.46 -5.91
November 2009 -5.21 -7.85 -3.89
December 2009 -3.85 -7.23 -2.21
January 2010 -2.93 -6.48 -1.37
February 2010 -3.10 -5.66 -1.39
March 2010 -2.00 -5.13 -0.21
April 2010 -1.05 -4.82 0.90
May 2010 -0.78 -4.21 1.08
June 2010 -1.42 -3.24 0.67
July 2010 -2.13 -2.90 -0.20
August 2010 -2.83 -2.85 -1.23
September 2010 -3.37 -2.93 -2.16
October 2010 -3.67 -3.12 -2.83
November 2010 -4.14 -3.43 -3.59
December 2010 -4.12 -3.87 -3.68
January 2011 -4.10 -4.72 -3.61
February 2011 -3.72 -5.45 -3.55
March 2011 -4.05 -5.71 -4.35
April 2011 -4.30 -5.62 -4.54
May 2011 -4.32 -5.70 -4.43
June 2011 -3.90 -6.07 -3.89
July 2011 -3.54 -6.22 -3.03
August 2011 -3.17 -6.06 -2.29
September 2011 -3.06 -5.84 -1.59
October 2011 -3.30 -5.50 -1.34
November 2011 -3.64 -5.14 -1.32
December 2011 -3.90 -4.73 -0.95
January 2012 -3.51 -4.19 -0.31
February 2012 -2.72 -3.63 0.65
March 2012 -1.39 -3.06 1.98
April 2012 -0.48 -2.36 2.78
May 2012 0.27 -1.77 3.44
June 2012 0.88 -1.12 3.82
July 2012 1.38 -0.40 4.17
August 2012 2.07 0.27 4.74
September 2012 3.00 1.00 5.37
October 2012 4.03 1.54 6.07
November 2012 5.35 2.01 7.02
December 2012 6.45 2.55 7.86
January 2013 7.57 3.29 8.68
February 2013 8.33 3.77 9.32
March 2013 8.90 4.30 9.91
April 2013 9.03 4.69 9.95
May 2013 9.08 5.08 9.79
June 2013 9.27 5.54 9.39
July 2013 9.72 5.99 9.45
August 2013 10.17 6.30 9.62
September 2013 10.62 6.54 9.95
October 2013 10.83 6.78 10.18
November 2013 10.70 6.89 10.13
December 2013 10.72 6.93 9.96
January 2014 10.45 6.96 9.93
February 2014 10.16 7.00 9.90
March 2014 8.97 6.83 9.06
April 2014 7.96 6.66 8.08
May 2014 7.04 6.56 7.10
June 2014 6.26 6.19 6.37
July 2014 5.59 5.90 5.75
August 2014 5.05 5.74 5.34
September 2014 4.74 5.39 5.12
October 2014 4.61 5.12 5.16
November 2014 4.59 5.03 5.11
December 2014 4.52 4.89 5.01
January 2015 4.33 4.81 5.04
February 2015 4.24 4.85 5.15
March 2015 4.29 4.83 5.27
April 2015 4.31 4.80 5.31
May 2015 4.36 4.84 5.30
June 2015 4.36 5.00 5.27
July 2015 4.41 5.10 5.14
August 2015 4.48 4.96 5.13
September 2015 4.69 5.06 5.32
October 2015 4.91 5.22 5.41
November 2015 5.12 5.32 5.49
December 2015 5.23 5.48 5.68
January 2016 5.30 5.51 5.76
February 2016 5.20 5.55 5.70
March 2016 5.07 5.70 5.66
April 2016 5.02 5.84 5.64
May 2016 4.96 5.93 5.43
June 2016 4.91 6.07 5.18
July 2016 4.92 6.15 5.19
August 2016 5.02 6.46 5.22
September 2016 5.12 6.66 5.30
October 2016 5.16 6.86 5.43
November 2016 5.22 6.94 5.63
December 2016 5.34 7.02 5.58
January 2017 5.54 7.21 5.57
February 2017 5.61 7.33 5.76
March 2017 5.68 7.40 5.82
April 2017 5.68 7.58 5.75
May 2017 5.71 7.75 5.80
June 2017 5.75 7.59 5.94
July 2017 5.79 7.49 5.98
August 2017 5.88 7.50 6.03
September 2017 5.97 7.51 6.06
October 2017 6.07 7.30 6.13
November 2017 6.15 7.27 6.19
December 2017 6.26 7.38 6.18
January 2018 6.27 7.49 6.13
February 2018 6.48 7.70 6.42
March 2018 6.52 7.86 6.67
April 2018 6.48 7.70 6.63
May 2018 6.33 7.59 6.47
June 2018 6.19 7.65 6.16
July 2018 5.98 7.66 5.87
August 2018 5.71 7.56 5.55
September 2018 5.49 7.47 5.30
October 2018 5.33 7.63 5.11
November 2018 5.19 7.79 4.78
December 2018 ND 7.84 4.70
January 2019 ND 7.54 ND

Note: The data for the S&P/Case-Shiller index extend through November 2018. The data for the CoreLogic index extend through December 2018.

Source: CoreLogic Home Price Index; Zillow; S&P/Case-Shiller U.S. National Home Price Index. The S&P/Case-Shiller Index is a product of S&P Dow Jones Indices LLC and/or its affiliates. (For Dow Jones Indices licensing information, see the note on the Contents page: For figures 16 and 34, note that the S&P 500 Index and the Dow Jones Bank Index are products of S&P Dow Jones Indices LLC and/or its affiliates and have been licensed for use by the Board. Copyright © 2019 S&P Dow Jones Indices LLC, a division of S&P Global, and/or its affiliates. All rights reserved. Redistribution, reproduction, and/or photocopying in whole or in part are prohibited without written permission of S&P Dow Jones Indices LLC. For more information on any of S&P Dow Jones Indices LLC's indices please visit www.spdji.com. S&P® is a registered trademark of Standard & Poor's Financial Services LLC, and Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC. Neither S&P Dow Jones Indices LLC, Dow Jones Trademark Holdings LLC, their affiliates nor their third party licensors make any representation or warranty, express or implied, as to the ability of any index to accurately represent the asset class or market sector that it purports to represent, and neither S&P Dow Jones Indices LLC, Dow Jones Trademark Holdings LLC, their affiliates nor their third party licensors shall have any liability for any errors, omissions, or interruptions of any index or the data included therein.)

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Figure 17. Wealth-to-income ratio

Quarterly

Period Ratio
1995:Q1 5.08
1995:Q2 5.15
1995:Q3 5.20
1995:Q4 5.26
1996:Q1 5.28
1996:Q2 5.28
1996:Q3 5.28
1996:Q4 5.34
1997:Q1 5.32
1997:Q2 5.48
1997:Q3 5.58
1997:Q4 5.55
1998:Q1 5.69
1998:Q2 5.70
1998:Q3 5.52
1998:Q4 5.78
1999:Q1 5.78
1999:Q2 5.91
1999:Q3 5.84
1999:Q4 6.13
2000:Q1 6.13
2000:Q2 6.01
2000:Q3 6.01
2000:Q4 5.86
2001:Q1 5.68
2001:Q2 5.82
2001:Q3 5.55
2001:Q4 5.81
2002:Q1 5.74
2002:Q2 5.57
2002:Q3 5.40
2002:Q4 5.48
2003:Q1 5.44
2003:Q2 5.60
2003:Q3 5.60
2003:Q4 5.81
2004:Q1 5.98
2004:Q2 6.01
2004:Q3 6.06
2004:Q4 6.20
2005:Q1 6.35
2005:Q2 6.44
2005:Q3 6.54
2005:Q4 6.59
2006:Q1 6.68
2006:Q2 6.61
2006:Q3 6.59
2006:Q4 6.67
2007:Q1 6.65
2007:Q2 6.63
2007:Q3 6.58
2007:Q4 6.42
2008:Q1 6.14
2008:Q2 5.85
2008:Q3 5.72
2008:Q4 5.41
2009:Q1 5.35
2009:Q2 5.34
2009:Q3 5.48
2009:Q4 5.51
2010:Q1 5.54
2010:Q2 5.37
2010:Q3 5.45
2010:Q4 5.59
2011:Q1 5.59
2011:Q2 5.58
2011:Q3 5.35
2011:Q4 5.44
2012:Q1 5.49
2012:Q2 5.44
2012:Q3 5.63
2012:Q4 5.53
2013:Q1 5.99
2013:Q2 6.09
2013:Q3 6.26
2013:Q4 6.43
2014:Q1 6.39
2014:Q2 6.40
2014:Q3 6.34
2014:Q4 6.40
2015:Q1 6.48
2015:Q2 6.45
2015:Q3 6.31
2015:Q4 6.43
2016:Q1 6.42
2016:Q2 6.46
2016:Q3 6.58
2016:Q4 6.63
2017:Q1 6.67
2017:Q2 6.73
2017:Q3 6.80
2017:Q4 6.88
2018:Q1 6.85
2018:Q2 6.95
2018:Q3 7.01

Note: Data extend through 2018:Q3. The series is the ratio of household net worth to disposable personal income.

Source: For net worth, Federal Reserve Board, Statistical Release Z.1, "Financial Accounts of the United States"; for income, Bureau of Economic Analysis via Haver Analytics.

Return to text

Figure 18. Indexes of consumer sentiment

Monthly

Period Conference Board (Index) Michigan survey (Index)
January 2000 144.7 112.0
February 2000 140.8 111.3
March 2000 137.1 107.1
April 2000 137.7 109.2
May 2000 144.7 110.7
June 2000 139.2 106.4
July 2000 143.0 108.3
August 2000 140.8 107.3
September 2000 142.5 106.8
October 2000 135.8 105.8
November 2000 132.6 107.6
December 2000 128.6 98.4
January 2001 115.7 94.7
February 2001 109.2 90.6
March 2001 116.9 91.5
April 2001 109.9 88.4
May 2001 116.1 92.0
June 2001 118.9 92.6
July 2001 116.3 92.4
August 2001 114.0 91.5
September 2001 97.0 81.8
October 2001 85.3 82.7
November 2001 84.9 83.9
December 2001 94.6 88.8
January 2002 97.8 93.0
February 2002 95.0 90.7
March 2002 110.7 95.7
April 2002 108.5 93.0
May 2002 110.3 96.9
June 2002 106.3 92.4
July 2002 97.4 88.1
August 2002 94.5 87.6
September 2002 93.7 86.1
October 2002 79.6 80.6
November 2002 84.9 84.2
December 2002 80.7 86.7
January 2003 78.8 82.4
February 2003 64.8 79.9
March 2003 61.4 77.6
April 2003 81.0 86.0
May 2003 83.6 92.1
June 2003 83.5 89.7
July 2003 77.0 90.9
August 2003 81.7 89.3
September 2003 77.0 87.7
October 2003 81.7 89.6
November 2003 92.5 93.7
December 2003 94.8 92.6
January 2004 97.7 103.8
February 2004 88.5 94.4
March 2004 88.5 95.8
April 2004 93.0 94.2
May 2004 93.1 90.2
June 2004 102.8 95.6
July 2004 105.7 96.7
August 2004 98.7 95.9
September 2004 96.7 94.2
October 2004 92.9 91.7
November 2004 92.6 92.8
December 2004 102.7 97.1
January 2005 105.1 95.5
February 2005 104.4 94.1
March 2005 103.0 92.6
April 2005 97.5 87.7
May 2005 103.1 86.9
June 2005 106.2 96.0
July 2005 103.6 96.5
August 2005 105.5 89.1
September 2005 87.5 76.9
October 2005 85.2 74.2
November 2005 98.3 81.6
December 2005 103.8 91.5
January 2006 106.8 91.2
February 2006 102.7 86.7
March 2006 107.5 88.9
April 2006 109.8 87.4
May 2006 104.7 79.1
June 2006 105.4 84.9
July 2006 107.0 84.7
August 2006 100.2 82.0
September 2006 105.9 85.4
October 2006 105.1 93.6
November 2006 105.3 92.1
December 2006 110.0 91.7
January 2007 110.2 96.9
February 2007 111.2 91.3
March 2007 108.2 88.4
April 2007 106.3 87.1
May 2007 108.5 88.3
June 2007 105.3 85.3
July 2007 111.9 90.4
August 2007 105.6 83.4
September 2007 99.5 83.4
October 2007 95.2 80.9
November 2007 87.8 76.1
December 2007 90.6 75.5
January 2008 87.3 78.4
February 2008 76.4 70.8
March 2008 65.9 69.5
April 2008 62.8 62.6
May 2008 58.1 59.8
June 2008 51.0 56.4
July 2008 51.9 61.2
August 2008 58.5 63.0
September 2008 61.4 70.3
October 2008 38.8 57.6
November 2008 44.7 55.3
December 2008 38.6 60.1
January 2009 37.4 61.2
February 2009 25.3 56.3
March 2009 26.9 57.3
April 2009 40.8 65.1
May 2009 54.8 68.7
June 2009 49.3 70.8
July 2009 47.4 66.0
August 2009 54.5 65.7
September 2009 53.4 73.5
October 2009 48.7 70.6
November 2009 50.6 67.4
December 2009 53.6 72.5
January 2010 56.5 74.4
February 2010 46.4 73.6
March 2010 52.3 73.6
April 2010 57.7 72.2
May 2010 62.7 73.6
June 2010 54.3 76.0
July 2010 51.0 67.8
August 2010 53.2 68.9
September 2010 48.6 68.2
October 2010 49.9 67.7
November 2010 57.8 71.6
December 2010 63.4 74.5
January 2011 64.8 74.2
February 2011 72.0 77.5
March 2011 63.8 67.5
April 2011 66.0 69.8
May 2011 61.7 74.3
June 2011 57.6 71.5
July 2011 59.2 63.7
August 2011 45.2 55.8
September 2011 46.4 59.5
October 2011 40.9 60.8
November 2011 55.2 63.7
December 2011 64.8 69.9
January 2012 61.5 75.0
February 2012 71.6 75.3
March 2012 69.5 76.2
April 2012 68.7 76.4
May 2012 64.4 79.3
June 2012 62.7 73.2
July 2012 65.4 72.3
August 2012 61.3 74.3
September 2012 68.4 78.3
October 2012 73.1 82.6
November 2012 71.5 82.7
December 2012 66.7 72.9
January 2013 58.4 73.8
February 2013 68.0 77.6
March 2013 61.9 78.6
April 2013 69.0 76.4
May 2013 74.3 84.5
June 2013 82.1 84.1
July 2013 81.0 85.1
August 2013 81.8 82.1
September 2013 80.2 77.5
October 2013 72.4 73.2
November 2013 72.0 75.1
December 2013 77.5 82.5
January 2014 79.4 81.2
February 2014 78.3 81.6
March 2014 83.9 80.0
April 2014 81.7 84.1
May 2014 82.2 81.9
June 2014 86.4 82.5
July 2014 90.3 81.8
August 2014 93.4 82.5
September 2014 89.0 84.6
October 2014 94.1 86.9
November 2014 91.0 88.8
December 2014 93.1 93.6
January 2015 103.8 98.1
February 2015 98.8 95.4
March 2015 101.4 93.0
April 2015 94.3 95.9
May 2015 94.6 90.7
June 2015 99.8 96.1
July 2015 91.0 93.1
August 2015 101.3 91.9
September 2015 102.6 87.2
October 2015 99.1 90.0
November 2015 92.6 91.3
December 2015 96.3 92.6
January 2016 97.8 92.0
February 2016 94.0 91.7
March 2016 96.1 91.0
April 2016 94.7 89.0
May 2016 92.4 94.7
June 2016 97.4 93.5
July 2016 96.7 90.0
August 2016 101.8 89.8
September 2016 103.5 91.2
October 2016 100.8 87.2
November 2016 109.4 93.8
December 2016 113.3 98.2
January 2017 111.6 98.5
February 2017 116.1 96.3
March 2017 124.9 96.9
April 2017 119.4 97.0
May 2017 117.6 97.1
June 2017 117.3 95.0
July 2017 120.0 93.4
August 2017 120.4 96.8
September 2017 120.6 95.1
October 2017 126.2 100.7
November 2017 128.6 98.5
December 2017 123.1 95.9
January 2018 124.3 95.7
February 2018 130.0 99.7
March 2018 127.0 101.4
April 2018 125.6 98.8
May 2018 128.8 98.0
June 2018 127.1 98.2
July 2018 127.9 97.9
August 2018 134.7 96.2
September 2018 135.3 100.1
October 2018 137.9 98.6
November 2018 136.4 97.5
December 2018 126.6 98.3
January 2019 120.2 91.2
February 2019 ND 95.5

Note: The data are monthly. Michigan data extend through February 2019; the February data are preliminary. The Conference Board data are indexed to 100 in 1985. The Michigan survey data are indexed to 100 in 1966.

Source: University of Michigan Surveys of Consumers; Conference Board.

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Figure 19. Changes in household debt

Billions of dollars, annual rate

Period Mortgages Consumer credit Sum
2007 684.55 152.76 837.31
2008 -47.50 34.31 -13.18
2009 -135.60 -88.77 -224.37
2010 -449.30 91.79 -357.50
2011 -215.71 110.26 -105.44
2012 -211.17 161.19 -49.98
2013 -83.62 175.13 91.51
2014 -18.54 221.18 202.64
2015 118.66 99.05 217.70
2016 201.68 230.04 431.72
2017 285.58 182.78 468.37
2018 276.20 170.65 446.85

Note: Changes are calculated from year-end to year-end except 2018 changes, which are calculated from 2017:Q3 to 2018:Q3.

Source: Federal Reserve Board, Statistical Release Z.1, "Financial Accounts of the United States."

Return to text

Figure 20. Change in real private nonresidential fixed investment

Percent, annual rate

Period Structures Equipment and intangible capital
2010 -3.59 12.92
2011 8.59 10.33
2012 3.96 6.13
2013 6.70 5.05
2014 8.81 5.61
2015 -10.73 2.61
2016 2.48 1.57
2017 2.85 7.27
2018:H1 14.22 8.93
2018:H3 -3.43 4.36

Source: Bureau of Economic Analysis via Haver Analytics.

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Figure 21. Selected components of net debt financing for nonfinancial businesses

Billions of dollars, monthly rate

Period Bank loans Bonds Commercial paper Sum
2007 19.70 9.88 0.94 30.52
2008 15.22 9.68 0.64 25.55
2009 -27.53 17.65 -6.09 -15.97
2010 -8.48 14.97 2.04 8.54
2011 10.08 13.58 2.78 26.44
2012 13.88 26.95 1.17 42.00
2013 7.95 23.15 1.18 32.29
2014 13.68 23.82 3.13 40.62
2015 14.07 34.68 -0.25 48.50
2016 9.90 22.56 0.15 32.61
2017 7.17 21.94 2.16 31.26
2018:H1 10.10 11.11 0.79 22.01
2018:Q3 5.95 14.31 -1.65 18.62

Source: Federal Reserve Board, Statistical Release Z.1, "Financial Accounts of the United States."

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Figure 22. Private housing starts and permits

Monthly
Millions of units, annual rate

Period Multifamily starts Single-family starts Single-family permits
January 2007 0.28 1.13 1.17
February 2007 0.29 1.19 1.14
March 2007 0.29 1.20 1.15
April 2007 0.29 1.20 1.06
May 2007 0.29 1.13 1.04
June 2007 0.32 1.13 1.00
July 2007 0.31 1.04 0.98
August 2007 0.37 0.96 0.92
September 2007 0.25 0.94 0.86
October 2007 0.39 0.88 0.82
November 2007 0.36 0.83 0.80
December 2007 0.23 0.81 0.74
January 2008 0.31 0.77 0.71
February 2008 0.38 0.72 0.66
March 2008 0.28 0.73 0.64
April 2008 0.33 0.68 0.66
May 2008 0.29 0.68 0.63
June 2008 0.40 0.65 0.61
July 2008 0.31 0.62 0.57
August 2008 0.24 0.61 0.54
September 2008 0.28 0.54 0.53
October 2008 0.24 0.54 0.47
November 2008 0.19 0.46 0.42
December 2008 0.16 0.40 0.36
January 2009 0.13 0.36 0.34
February 2009 0.22 0.36 0.38
March 2009 0.15 0.35 0.36
April 2009 0.09 0.39 0.39
May 2009 0.13 0.41 0.43
June 2009 0.10 0.48 0.46
July 2009 0.09 0.51 0.49
August 2009 0.10 0.49 0.49
September 2009 0.08 0.51 0.48
October 2009 0.06 0.48 0.47
November 2009 0.09 0.50 0.48
December 2009 0.10 0.48 0.51
January 2010 0.10 0.51 0.50
February 2010 0.08 0.53 0.51
March 2010 0.09 0.54 0.54
April 2010 0.12 0.57 0.48
May 2010 0.13 0.46 0.44
June 2010 0.09 0.45 0.43
July 2010 0.12 0.43 0.41
August 2010 0.18 0.42 0.40
September 2010 0.15 0.45 0.40
October 2010 0.11 0.44 0.41
November 2010 0.09 0.45 0.42
December 2010 0.11 0.43 0.45
January 2011 0.20 0.43 0.42
February 2011 0.13 0.39 0.38
March 2011 0.17 0.43 0.40
April 2011 0.14 0.42 0.40
May 2011 0.15 0.41 0.41
June 2011 0.17 0.44 0.41
July 2011 0.19 0.43 0.42
August 2011 0.16 0.42 0.43
September 2011 0.23 0.42 0.43
October 2011 0.17 0.44 0.44
November 2011 0.25 0.47 0.45
December 2011 0.17 0.52 0.46
January 2012 0.21 0.52 0.46
February 2012 0.24 0.47 0.49
March 2012 0.22 0.47 0.48
April 2012 0.25 0.50 0.49
May 2012 0.19 0.52 0.49
June 2012 0.23 0.52 0.50
July 2012 0.22 0.52 0.52
August 2012 0.22 0.54 0.52
September 2012 0.25 0.59 0.56
October 2012 0.30 0.61 0.57
November 2012 0.26 0.57 0.57
December 2012 0.36 0.62 0.58
January 2013 0.28 0.60 0.59
February 2013 0.31 0.65 0.61
March 2013 0.39 0.62 0.61
April 2013 0.25 0.59 0.62
May 2013 0.32 0.61 0.62
June 2013 0.23 0.61 0.63
July 2013 0.29 0.59 0.62
August 2013 0.29 0.63 0.63
September 2013 0.27 0.58 0.63
October 2013 0.33 0.60 0.62
November 2013 0.40 0.70 0.64
December 2013 0.36 0.65 0.61
January 2014 0.32 0.57 0.62
February 2014 0.35 0.59 0.61
March 2014 0.32 0.65 0.62
April 2014 0.40 0.65 0.62
May 2014 0.36 0.65 0.63
June 2014 0.30 0.60 0.65
July 2014 0.42 0.66 0.65
August 2014 0.34 0.64 0.65
September 2014 0.36 0.66 0.66
October 2014 0.38 0.70 0.65
November 2014 0.35 0.66 0.66
December 2014 0.35 0.72 0.67
January 2015 0.38 0.71 0.66
February 2015 0.30 0.59 0.63
March 2015 0.34 0.63 0.66
April 2015 0.46 0.75 0.68
May 2015 0.38 0.70 0.70
June 2015 0.49 0.70 0.70
July 2015 0.38 0.76 0.70
August 2015 0.40 0.73 0.72
September 2015 0.47 0.74 0.71
October 2015 0.35 0.71 0.72
November 2015 0.40 0.77 0.73
December 2015 0.39 0.77 0.72
January 2016 0.35 0.77 0.73
February 2016 0.37 0.83 0.73
March 2016 0.36 0.75 0.73
April 2016 0.40 0.78 0.75
May 2016 0.40 0.74 0.74
June 2016 0.42 0.77 0.75
July 2016 0.45 0.77 0.72
August 2016 0.44 0.72 0.75
September 2016 0.28 0.78 0.75
October 2016 0.45 0.87 0.78
November 2016 0.33 0.82 0.78
December 2016 0.46 0.82 0.82
January 2017 0.42 0.81 0.80
February 2017 0.41 0.88 0.83
March 2017 0.36 0.82 0.83
April 2017 0.33 0.83 0.80
May 2017 0.33 0.79 0.78
June 2017 0.37 0.86 0.81
July 2017 0.35 0.84 0.82
August 2017 0.29 0.88 0.80
September 2017 0.33 0.83 0.83
October 2017 0.38 0.89 0.85
November 2017 0.36 0.95 0.86
December 2017 0.36 0.85 0.88
January 2018 0.45 0.89 0.87
February 2018 0.39 0.90 0.89
March 2018 0.45 0.88 0.85
April 2018 0.38 0.90 0.86
May 2018 0.39 0.94 0.84
June 2018 0.33 0.85 0.85
July 2018 0.32 0.86 0.87
August 2018 0.39 0.89 0.83
September 2018 0.36 0.88 0.85
October 2018 0.35 0.86 0.85
November 2018 0.43 0.82 0.85

Note: The data extend through November 2018.

Source: U.S. Census Bureau via Haver Analytics.

Return to text

Figure 23. New and existing home sales

Monthly
Millions, annual rate

Period Existing home sales New home sales
January 2006 6.70 1.17
February 2006 6.85 1.06
March 2006 6.84 1.12
April 2006 6.70 1.12
May 2006 6.58 1.09
June 2006 6.48 1.07
July 2006 6.31 0.97
August 2006 6.34 1.04
September 2006 6.29 1.02
October 2006 6.35 0.94
November 2006 6.34 1.00
December 2006 6.42 1.00
January 2007 5.74 0.89
February 2007 5.79 0.83
March 2007 5.46 0.83
April 2007 5.29 0.89
May 2007 5.27 0.84
June 2007 5.12 0.79
July 2007 5.07 0.78
August 2007 4.87 0.70
September 2007 4.58 0.69
October 2007 4.43 0.73
November 2007 4.46 0.64
December 2007 4.41 0.62
January 2008 4.17 0.63
February 2008 4.12 0.59
March 2008 4.16 0.54
April 2008 4.11 0.54
May 2008 4.14 0.50
June 2008 4.09 0.49
July 2008 4.15 0.48
August 2008 4.19 0.44
September 2008 4.27 0.43
October 2008 4.09 0.39
November 2008 3.77 0.39
December 2008 4.01 0.38
January 2009 3.82 0.34
February 2009 3.97 0.37
March 2009 3.86 0.34
April 2009 3.90 0.34
May 2009 4.00 0.38
June 2009 4.10 0.39
July 2009 4.37 0.41
August 2009 4.45 0.42
September 2009 4.62 0.39
October 2009 5.02 0.40
November 2009 5.44 0.38
December 2009 4.40 0.35
January 2010 4.19 0.35
February 2010 4.27 0.34
March 2010 4.49 0.38
April 2010 4.82 0.42
May 2010 4.88 0.28
June 2010 4.45 0.31
July 2010 3.45 0.28
August 2010 3.68 0.28
September 2010 3.84 0.32
October 2010 3.83 0.29
November 2010 4.02 0.29
December 2010 4.27 0.33
January 2011 4.42 0.31
February 2011 4.16 0.27
March 2011 4.26 0.30
April 2011 4.17 0.31
May 2011 4.14 0.31
June 2011 4.23 0.30
July 2011 4.15 0.30
August 2011 4.38 0.30
September 2011 4.33 0.30
October 2011 4.34 0.32
November 2011 4.39 0.33
December 2011 4.35 0.34
January 2012 4.48 0.34
February 2012 4.58 0.37
March 2012 4.52 0.35
April 2012 4.59 0.35
May 2012 4.60 0.37
June 2012 4.47 0.36
July 2012 4.53 0.37
August 2012 4.76 0.38
September 2012 4.71 0.39
October 2012 4.79 0.36
November 2012 4.96 0.39
December 2012 4.89 0.40
January 2013 4.98 0.45
February 2013 5.06 0.45
March 2013 5.07 0.44
April 2013 5.09 0.44
May 2013 5.14 0.43
June 2013 5.11 0.47
July 2013 5.27 0.38
August 2013 5.26 0.38
September 2013 5.14 0.40
October 2013 5.04 0.44
November 2013 4.92 0.45
December 2013 4.86 0.43
January 2014 4.76 0.45
February 2014 4.78 0.43
March 2014 4.75 0.41
April 2014 4.79 0.40
May 2014 4.90 0.45
June 2014 4.94 0.42
July 2014 4.98 0.40
August 2014 4.97 0.46
September 2014 5.00 0.47
October 2014 5.12 0.47
November 2014 4.99 0.44
December 2014 5.09 0.49
January 2015 4.92 0.52
February 2015 5.08 0.56
March 2015 5.25 0.49
April 2015 5.17 0.50
May 2015 5.25 0.50
June 2015 5.36 0.47
July 2015 5.44 0.50
August 2015 5.36 0.52
September 2015 5.41 0.46
October 2015 5.28 0.48
November 2015 4.78 0.50
December 2015 5.44 0.53
January 2016 5.44 0.52
February 2016 5.21 0.53
March 2016 5.38 0.54
April 2016 5.50 0.57
May 2016 5.45 0.56
June 2016 5.46 0.56
July 2016 5.35 0.63
August 2016 5.39 0.57
September 2016 5.47 0.57
October 2016 5.55 0.57
November 2016 5.57 0.57
December 2016 5.52 0.55
January 2017 5.65 0.60
February 2017 5.48 0.62
March 2017 5.67 0.64
April 2017 5.54 0.59
May 2017 5.60 0.60
June 2017 5.50 0.62
July 2017 5.42 0.56
August 2017 5.42 0.56
September 2017 5.37 0.64
October 2017 5.50 0.62
November 2017 5.72 0.71
December 2017 5.56 0.64
January 2018 5.38 0.63
February 2018 5.54 0.66
March 2018 5.60 0.67
April 2018 5.45 0.63
May 2018 5.41 0.65
June 2018 5.38 0.61
July 2018 5.34 0.61
August 2018 5.33 0.60
September 2018 5.15 0.61
October 2018 5.22 0.56
November 2018 5.33 0.66
December 2018 4.99 ND

Note: Data are monthly. New home sales extends through November 2018 and includes only single-family sales. Existing home sales extends through December 2018 and includes single-family, condo, townhome, and co-op sales.

Source: For new home sales, U.S. Census Bureau; for existing home sales, National Association of Realtors; all via Haver Analytics.

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Figure 24. Mortgage rates and housing affordability

Housing affordability index

Period Index
January 2008 128.86
February 2008 133.29
March 2008 132.07
April 2008 133.34
May 2008 133.49
June 2008 133.48
July 2008 135.46
August 2008 136.08
September 2008 142.94
October 2008 144.94
November 2008 147.22
December 2008 160.45
January 2009 164.93
February 2009 161.51
March 2009 163.32
April 2009 174.16
May 2009 173.69
June 2009 171.70
July 2009 168.77
August 2009 169.91
September 2009 164.67
October 2009 169.09
November 2009 172.48
December 2009 174.63
January 2010 166.43
February 2010 166.08
March 2010 167.13
April 2010 165.46
May 2010 169.05
June 2010 171.01
July 2010 174.63
August 2010 177.57
September 2010 177.49
October 2010 176.75
November 2010 177.05
December 2010 174.30
January 2011 177.40
February 2011 178.51
March 2011 178.49
April 2011 181.92
May 2011 180.15
June 2011 184.52
July 2011 191.39
August 2011 188.61
September 2011 188.83
October 2011 194.59
November 2011 188.79
December 2011 190.82
January 2012 190.68
February 2012 191.22
March 2012 198.39
April 2012 190.12
May 2012 192.35
June 2012 194.04
July 2012 196.99
August 2012 197.62
September 2012 198.06
October 2012 199.55
November 2012 198.56
December 2012 200.82
January 2013 199.32
February 2013 194.79
March 2013 188.16
April 2013 185.18
May 2013 184.88
June 2013 179.62
July 2013 170.47
August 2013 164.91
September 2013 165.55
October 2013 164.17
November 2013 167.36
December 2013 164.05
January 2014 162.34
February 2014 164.16
March 2014 166.38
April 2014 166.56
May 2014 165.08
June 2014 165.47
July 2014 165.32
August 2014 164.83
September 2014 166.52
October 2014 164.17
November 2014 165.80
December 2014 165.87
January 2015 171.12
February 2015 170.29
March 2015 169.07
April 2015 168.84
May 2015 168.15
June 2015 167.50
July 2015 165.96
August 2015 165.30
September 2015 165.25
October 2015 165.33
November 2015 164.73
December 2015 159.98
January 2016 163.40
February 2016 165.95
March 2016 169.67
April 2016 167.53
May 2016 168.48
June 2016 168.65
July 2016 170.98
August 2016 170.95
September 2016 168.66
October 2016 168.16
November 2016 167.52
December 2016 162.42
January 2017 156.21
February 2017 155.13
March 2017 159.39
April 2017 161.53
May 2017 163.56
June 2017 160.00
July 2017 160.40
August 2017 159.78
September 2017 158.80
October 2017 159.09
November 2017 157.96
December 2017 157.59
January 2018 155.67
February 2018 152.52
March 2018 149.76
April 2018 148.47
May 2018 147.85
June 2018 148.24
July 2018 147.71
August 2018 146.42
September 2018 146.26
October 2018 143.44
November 2018 141.81
December 2018 144.21

Note: The housing affordability index data are monthly through December 2018. At an index value of 100, a median-income family has exactly enough income to qualify for a median-priced home mortgage. Housing affordability is seasonally adjusted by Board staff.

Source: National Association of Realtors.

Mortgage rates

Period Percent
3 January 2008 6.07
10 January 2008 5.87
17 January 2008 5.69
24 January 2008 5.48
31 January 2008 5.68
7 February 2008 5.67
14 February 2008 5.72
21 February 2008 6.04
28 February 2008 6.24
6 March 2008 6.03
13 March 2008 6.13
20 March 2008 5.87
27 March 2008 5.85
3 April 2008 5.88
10 April 2008 5.88
17 April 2008 5.88
24 April 2008 6.03
1 May 2008 6.06
8 May 2008 6.05
15 May 2008 6.01
22 May 2008 5.98
29 May 2008 6.08
5 June 2008 6.09
12 June 2008 6.32
19 June 2008 6.42
26 June 2008 6.45
3 July 2008 6.35
10 July 2008 6.37
17 July 2008 6.26
24 July 2008 6.63
31 July 2008 6.52
7 August 2008 6.52
14 August 2008 6.52
21 August 2008 6.47
28 August 2008 6.40
4 September 2008 6.35
11 September 2008 5.93
18 September 2008 5.78
25 September 2008 6.09
2 October 2008 6.10
9 October 2008 5.94
16 October 2008 6.46
23 October 2008 6.04
30 October 2008 6.46
6 November 2008 6.20
13 November 2008 6.14
20 November 2008 6.04
27 November 2008 5.97
4 December 2008 5.53
11 December 2008 5.47
18 December 2008 5.19
25 December 2008 5.14
1 January 2009 5.10
8 January 2009 5.01
15 January 2009 4.96
22 January 2009 5.12
29 January 2009 5.10
5 February 2009 5.25
12 February 2009 5.16
19 February 2009 5.04
26 February 2009 5.07
5 March 2009 5.15
12 March 2009 5.03
19 March 2009 4.98
26 March 2009 4.85
2 April 2009 4.78
9 April 2009 4.87
16 April 2009 4.82
23 April 2009 4.80
30 April 2009 4.78
7 May 2009 4.84
14 May 2009 4.86
21 May 2009 4.82
28 May 2009 4.91
4 June 2009 5.29
11 June 2009 5.59
18 June 2009 5.38
25 June 2009 5.42
2 July 2009 5.32
9 July 2009 5.20
16 July 2009 5.14
23 July 2009 5.20
30 July 2009 5.25
6 August 2009 5.22
13 August 2009 5.29
20 August 2009 5.12
27 August 2009 5.14
3 September 2009 5.08
10 September 2009 5.07
17 September 2009 5.04
24 September 2009 5.04
1 October 2009 4.94
8 October 2009 4.87
15 October 2009 4.92
22 October 2009 5.00
29 October 2009 5.03
5 November 2009 4.98
12 November 2009 4.91
19 November 2009 4.83
26 November 2009 4.78
3 December 2009 4.71
10 December 2009 4.81
17 December 2009 4.94
24 December 2009 5.05
31 December 2009 5.14
7 January 2010 5.09
14 January 2010 5.06
21 January 2010 4.99
28 January 2010 4.98
4 February 2010 5.01
11 February 2010 4.97
18 February 2010 4.93
25 February 2010 5.05
4 March 2010 4.97
11 March 2010 4.95
18 March 2010 4.96
25 March 2010 4.99
1 April 2010 5.08
8 April 2010 5.21
15 April 2010 5.07
22 April 2010 5.07
29 April 2010 5.06
6 May 2010 5.00
13 May 2010 4.93
20 May 2010 4.84
27 May 2010 4.78
3 June 2010 4.79
10 June 2010 4.72
17 June 2010 4.75
24 June 2010 4.69
1 July 2010 4.58
8 July 2010 4.57
15 July 2010 4.57
22 July 2010 4.56
29 July 2010 4.54
5 August 2010 4.49
12 August 2010 4.44
19 August 2010 4.42
26 August 2010 4.36
2 September 2010 4.32
9 September 2010 4.35
16 September 2010 4.37
23 September 2010 4.37
30 September 2010 4.32
7 October 2010 4.27
14 October 2010 4.19
21 October 2010 4.21
28 October 2010 4.23
4 November 2010 4.24
11 November 2010 4.17
18 November 2010 4.39
25 November 2010 4.40
2 December 2010 4.46
9 December 2010 4.61
16 December 2010 4.83
23 December 2010 4.81
30 December 2010 4.86
6 January 2011 4.77
13 January 2011 4.71
20 January 2011 4.74
27 January 2011 4.80
3 February 2011 4.81
10 February 2011 5.05
17 February 2011 5.00
24 February 2011 4.95
3 March 2011 4.87
10 March 2011 4.88
17 March 2011 4.76
24 March 2011 4.81
31 March 2011 4.86
7 April 2011 4.87
14 April 2011 4.91
21 April 2011 4.80
28 April 2011 4.78
5 May 2011 4.71
12 May 2011 4.63
19 May 2011 4.61
26 May 2011 4.60
2 June 2011 4.55
9 June 2011 4.49
16 June 2011 4.50
23 June 2011 4.50
30 June 2011 4.51
7 July 2011 4.60
14 July 2011 4.51
21 July 2011 4.52
28 July 2011 4.55
4 August 2011 4.39
11 August 2011 4.32
18 August 2011 4.15
25 August 2011 4.22
1 September 2011 4.22
8 September 2011 4.12
15 September 2011 4.09
22 September 2011 4.09
29 September 2011 4.01
6 October 2011 3.94
13 October 2011 4.12
20 October 2011 4.11
27 October 2011 4.10
3 November 2011 4.00
10 November 2011 3.99
17 November 2011 4.00
24 November 2011 3.98
1 December 2011 4.00
8 December 2011 3.99
15 December 2011 3.94
22 December 2011 3.91
29 December 2011 3.95
5 January 2012 3.91
12 January 2012 3.89
19 January 2012 3.88
26 January 2012 3.98
2 February 2012 3.87
9 February 2012 3.87
16 February 2012 3.87
23 February 2012 3.95
1 March 2012 3.90
8 March 2012 3.88
15 March 2012 3.92
22 March 2012 4.08
29 March 2012 3.99
5 April 2012 3.98
12 April 2012 3.88
19 April 2012 3.90
26 April 2012 3.88
3 May 2012 3.84
10 May 2012 3.83
17 May 2012 3.79
24 May 2012 3.78
31 May 2012 3.75
7 June 2012 3.67
14 June 2012 3.71
21 June 2012 3.66
28 June 2012 3.66
5 July 2012 3.62
12 July 2012 3.56
19 July 2012 3.53
26 July 2012 3.49
2 August 2012 3.55
9 August 2012 3.59
16 August 2012 3.62
23 August 2012 3.66
30 August 2012 3.59
6 September 2012 3.55
13 September 2012 3.55
20 September 2012 3.49
27 September 2012 3.40
4 October 2012 3.36
11 October 2012 3.39
18 October 2012 3.37
25 October 2012 3.41
1 November 2012 3.39
8 November 2012 3.40
15 November 2012 3.34
22 November 2012 3.31
29 November 2012 3.32
6 December 2012 3.34
13 December 2012 3.32
20 December 2012 3.37
27 December 2012 3.35
3 January 2013 3.34
10 January 2013 3.40
17 January 2013 3.38
24 January 2013 3.42
31 January 2013 3.53
7 February 2013 3.53
14 February 2013 3.53
21 February 2013 3.56
28 February 2013 3.51
7 March 2013 3.52
14 March 2013 3.63
21 March 2013 3.54
28 March 2013 3.57
4 April 2013 3.54
11 April 2013 3.43
18 April 2013 3.41
25 April 2013 3.40
2 May 2013 3.35
9 May 2013 3.42
16 May 2013 3.51
23 May 2013 3.59
30 May 2013 3.81
6 June 2013 3.91
13 June 2013 3.98
20 June 2013 3.93
27 June 2013 4.46
4 July 2013 4.29
11 July 2013 4.51
18 July 2013 4.37
25 July 2013 4.31
1 August 2013 4.39
8 August 2013 4.40
15 August 2013 4.40
22 August 2013 4.58
29 August 2013 4.51
5 September 2013 4.57
12 September 2013 4.57
19 September 2013 4.50
26 September 2013 4.32
3 October 2013 4.22
10 October 2013 4.23
17 October 2013 4.28
24 October 2013 4.13
31 October 2013 4.10
7 November 2013 4.16
14 November 2013 4.35
21 November 2013 4.22
28 November 2013 4.29
5 December 2013 4.46
12 December 2013 4.42
19 December 2013 4.47
26 December 2013 4.48
2 January 2014 4.53
9 January 2014 4.51
16 January 2014 4.41
23 January 2014 4.39
30 January 2014 4.32
6 February 2014 4.23
13 February 2014 4.28
20 February 2014 4.33
27 February 2014 4.37
6 March 2014 4.28
13 March 2014 4.37
20 March 2014 4.32
27 March 2014 4.40
3 April 2014 4.41
10 April 2014 4.34
17 April 2014 4.27
24 April 2014 4.33
1 May 2014 4.29
8 May 2014 4.21
15 May 2014 4.20
22 May 2014 4.14
29 May 2014 4.12
5 June 2014 4.14
12 June 2014 4.20
19 June 2014 4.17
26 June 2014 4.14
3 July 2014 4.12
10 July 2014 4.15
17 July 2014 4.13
24 July 2014 4.13
31 July 2014 4.12
7 August 2014 4.14
14 August 2014 4.12
21 August 2014 4.10
28 August 2014 4.10
4 September 2014 4.10
11 September 2014 4.12
18 September 2014 4.23
25 September 2014 4.20
2 October 2014 4.19
9 October 2014 4.12
16 October 2014 3.97
23 October 2014 3.92
30 October 2014 3.98
6 November 2014 4.02
13 November 2014 4.01
20 November 2014 3.99
27 November 2014 3.97
4 December 2014 3.89
11 December 2014 3.93
18 December 2014 3.80
25 December 2014 3.83
1 January 2015 3.87
8 January 2015 3.73
15 January 2015 3.66
22 January 2015 3.63
29 January 2015 3.66
5 February 2015 3.59
12 February 2015 3.69
19 February 2015 3.76
26 February 2015 3.80
5 March 2015 3.75
12 March 2015 3.86
19 March 2015 3.78
26 March 2015 3.69
2 April 2015 3.70
9 April 2015 3.66
16 April 2015 3.67
23 April 2015 3.65
30 April 2015 3.68
7 May 2015 3.80
14 May 2015 3.85
21 May 2015 3.84
28 May 2015 3.87
4 June 2015 3.87
11 June 2015 4.04
18 June 2015 4.00
25 June 2015 4.02
2 July 2015 4.08
9 July 2015 4.04
16 July 2015 4.09
23 July 2015 4.04
30 July 2015 3.98
6 August 2015 3.91
13 August 2015 3.94
20 August 2015 3.93
27 August 2015 3.84
3 September 2015 3.89
10 September 2015 3.90
17 September 2015 3.91
24 September 2015 3.86
1 October 2015 3.85
8 October 2015 3.76
15 October 2015 3.82
22 October 2015 3.79
29 October 2015 3.76
5 November 2015 3.87
12 November 2015 3.98
19 November 2015 3.97
26 November 2015 3.95
3 December 2015 3.93
10 December 2015 3.95
17 December 2015 3.97
24 December 2015 3.96
31 December 2015 4.01
7 January 2016 3.97
14 January 2016 3.92
21 January 2016 3.81
28 January 2016 3.79
4 February 2016 3.72
11 February 2016 3.65
18 February 2016 3.65
25 February 2016 3.62
3 March 2016 3.64
10 March 2016 3.68
17 March 2016 3.73
24 March 2016 3.71
31 March 2016 3.71
7 April 2016 3.59
14 April 2016 3.58
21 April 2016 3.59
28 April 2016 3.66
5 May 2016 3.61
12 May 2016 3.57
19 May 2016 3.58
26 May 2016 3.64
2 June 2016 3.66
9 June 2016 3.60
16 June 2016 3.54
23 June 2016 3.56
30 June 2016 3.48
7 July 2016 3.41
14 July 2016 3.42
21 July 2016 3.45
28 July 2016 3.48
4 August 2016 3.43
11 August 2016 3.45
18 August 2016 3.43
25 August 2016 3.43
1 September 2016 3.46
8 September 2016 3.44
15 September 2016 3.50
22 September 2016 3.48
29 September 2016 3.42
6 October 2016 3.42
13 October 2016 3.47
20 October 2016 3.52
27 October 2016 3.47
3 November 2016 3.54
10 November 2016 3.57
17 November 2016 3.94
24 November 2016 4.03
1 December 2016 4.08
8 December 2016 4.13
15 December 2016 4.16
22 December 2016 4.30
29 December 2016 4.32
5 January 2017 4.20
12 January 2017 4.12
19 January 2017 4.09
26 January 2017 4.19
2 February 2017 4.19
9 February 2017 4.17
16 February 2017 4.15
23 February 2017 4.16
2 March 2017 4.10
9 March 2017 4.21
16 March 2017 4.30
23 March 2017 4.23
30 March 2017 4.14
6 April 2017 4.10
13 April 2017 4.08
20 April 2017 3.97
27 April 2017 4.03
4 May 2017 4.02
11 May 2017 4.05
18 May 2017 4.02
25 May 2017 3.95
1 June 2017 3.94
8 June 2017 3.89
15 June 2017 3.91
22 June 2017 3.90
29 June 2017 3.88
6 July 2017 3.96
13 July 2017 4.03
20 July 2017 3.96
27 July 2017 3.92
3 August 2017 3.93
10 August 2017 3.90
17 August 2017 3.89
24 August 2017 3.86
31 August 2017 3.82
7 September 2017 3.78
14 September 2017 3.78
21 September 2017 3.83
28 September 2017 3.83
5 October 2017 3.85
12 October 2017 3.91
19 October 2017 3.88
26 October 2017 3.94
2 November 2017 3.94
9 November 2017 3.90
16 November 2017 3.95
23 November 2017 3.92
30 November 2017 3.90
7 December 2017 3.94
14 December 2017 3.93
21 December 2017 3.94
28 December 2017 3.99
4 January 2018 3.95
11 January 2018 3.99
18 January 2018 4.04
25 January 2018 4.15
1 February 2018 4.22
8 February 2018 4.32
15 February 2018 4.38
22 February 2018 4.40
1 March 2018 4.43
8 March 2018 4.46
15 March 2018 4.44
22 March 2018 4.45
29 March 2018 4.44
5 April 2018 4.40
12 April 2018 4.42
19 April 2018 4.47
26 April 2018 4.58
3 May 2018 4.55
10 May 2018 4.55
17 May 2018 4.61
24 May 2018 4.66
31 May 2018 4.56
7 June 2018 4.54
14 June 2018 4.62
21 June 2018 4.57
28 June 2018 4.55
5 July 2018 4.52
12 July 2018 4.53
19 July 2018 4.52
26 July 2018 4.54
2 August 2018 4.60
9 August 2018 4.59
16 August 2018 4.53
23 August 2018 4.51
30 August 2018 4.52
6 September 2018 4.54
13 September 2018 4.60
20 September 2018 4.65
27 September 2018 4.72
4 October 2018 4.71
11 October 2018 4.90
18 October 2018 4.85
25 October 2018 4.86
1 November 2018 4.83
8 November 2018 4.94
15 November 2018 4.94
22 November 2018 4.81
29 November 2018 4.81
6 December 2018 4.75
13 December 2018 4.63
20 December 2018 4.62
27 December 2018 4.55
3 January 2019 4.51
10 January 2019 4.45
17 January 2019 4.45
24 January 2019 4.45
31 January 2019 4.46
7 February 2019 4.41
14 February 2019 4.37

Note: The mortgage rate data are weekly through February 14, 2019.

Source: Freddie Mac Primary Mortgage Market Survey.

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Figure 25. Change in real imports and exports of goods and services

Percent, annual rate

Period Imports Exports
2015 3.36 -1.57
2016 3.07 0.78
2017 5.41 4.68
2018:H1 1.19 6.38
2018:Q3 9.29 -4.88

Source: Bureau of Economic Analysis via Haver Analytics.

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Figure 26. U.S. trade and current account balances

Annual
Percent of nominal GDP

Period Trade Current account
2001 -3.5 -3.68
2002 -3.9 -4.12
2003 -4.4 -4.53
2004 -5.1 -5.17
2005 -5.5 -5.72
2006 -5.6 -5.83
2007 -5.0 -4.92
2008 -4.9 -4.63
2009 -2.7 -2.58
2010 -3.4 -2.88
2011 -3.7 -2.87
2012 -3.5 -2.64
2013 -2.9 -2.08
2014 -2.9 -2.08
2015 -2.9 -2.24
2016 -2.8 -2.31
2017 -3.0 -2.31
2018 -2.9 -2.28

Note: Data for 2018 are the average of the first three quarters of the year, at an annualized rate. GDP is gross domestic product.

Source: Bureau of Economic Analysis via Haver Analytics.

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Figure 27. Change in real government expenditures on consumption and investment

Percent, annual rate

Period Federal State and local
2009 6.16 1.01
2010 1.91 -3.53
2011 -3.48 -3.26
2012 -2.58 -1.73
2013 -6.13 0.16
2014 -1.23 1.14
2015 1.23 2.79
2016 0.18 1.36
2017 1.27 -0.52
2018:H1 3.15 1.36
2018:Q3 3.52 2.01

Source: Bureau of Economic Analysis.

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Figure 28. Federal receipts and expenditures

Annual
Percent of nominal GDP

Period Expenditures Receipts
1997 18.95 18.69
1998 18.50 19.28
1999 17.95 19.28
2000 17.68 20.02
2001 17.70 18.91
2002 18.56 17.11
2003 19.14 15.80
2004 19.07 15.63
2005 19.26 16.78
2006 19.47 17.65
2007 19.09 17.97
2008 20.23 17.12
2009 24.37 14.59
2010 23.30 14.57
2011 23.39 14.95
2012 22.03 15.26
2013 20.81 16.71
2014 20.23 17.43
2015 20.39 17.96
2016 20.77 17.62
2017 20.66 17.21
2018 20.30 16.45

Note: The receipts and expenditures data are on a unified-budget basis and are for fiscal years (October through September); gross domestic product (GDP) data are for the four quarters ending in Q3.

Source: Office of Management and Budget via Haver Analytics.

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Figure 29. Federal government debt held by the public

Quarterly
Percent of nominal GDP

Period Percent
1968:Q1 31.02
1968:Q2 29.79
1968:Q3 30.09
1968:Q4 29.85
1969:Q1 29.09
1969:Q2 27.40
1969:Q3 27.29
1969:Q4 27.54
1970:Q1 27.38
1970:Q2 26.39
1970:Q3 26.61
1970:Q4 27.37
1971:Q1 26.42
1971:Q2 26.08
1971:Q3 26.36
1971:Q4 27.13
1972:Q1 26.57
1972:Q2 25.35
1972:Q3 25.26
1972:Q4 25.44
1973:Q1 25.14
1973:Q2 24.02
1973:Q3 23.61
1973:Q4 23.37
1974:Q1 23.36
1974:Q2 22.38
1974:Q3 22.23
1974:Q4 22.32
1975:Q1 23.31
1975:Q2 23.83
1975:Q3 24.39
1975:Q4 25.13
1976:Q1 25.66
1976:Q2 25.72
1976:Q3 26.21
1976:Q4 26.47
1977:Q1 26.64
1977:Q2 25.72
1977:Q3 25.88
1977:Q4 26.27
1978:Q1 26.74
1978:Q2 25.37
1978:Q3 25.32
1978:Q4 25.07
1979:Q1 24.98
1979:Q2 24.18
1979:Q3 23.96
1979:Q4 24.12
1980:Q1 24.18
1980:Q2 24.34
1980:Q3 24.81
1980:Q4 24.60
1981:Q1 24.60
1981:Q2 24.23
1981:Q3 24.05
1981:Q4 24.99
1982:Q1 26.03
1982:Q2 25.86
1982:Q3 27.30
1982:Q4 28.84
1983:Q1 29.86
1983:Q2 30.29
1983:Q3 30.65
1983:Q4 30.75
1984:Q1 31.11
1984:Q2 31.09
1984:Q3 31.82
1984:Q4 32.88
1985:Q1 33.25
1985:Q2 33.82
1985:Q3 34.18
1985:Q4 35.77
1986:Q1 36.10
1986:Q2 36.93
1986:Q3 37.68
1986:Q4 38.77
1987:Q1 38.84
1987:Q2 38.82
1987:Q3 38.65
1987:Q4 38.93
1988:Q1 39.24
1988:Q2 38.74
1988:Q3 38.81
1988:Q4 38.98
1989:Q1 38.88
1989:Q2 38.35
1989:Q3 38.46
1989:Q4 39.17
1990:Q1 39.33
1990:Q2 39.38
1990:Q3 40.07
1990:Q4 41.60
1991:Q1 42.23
1991:Q2 42.30
1991:Q3 43.30
1991:Q4 44.32
1992:Q1 44.94
1992:Q2 45.18
1992:Q3 45.67
1992:Q4 46.11
1993:Q1 46.66
1993:Q2 47.02
1993:Q3 47.18
1993:Q4 47.57
1994:Q1 47.61
1994:Q2 46.85
1994:Q3 46.82
1994:Q4 46.84
1995:Q1 47.30
1995:Q2 47.27
1995:Q3 46.90
1995:Q4 46.79
1996:Q1 47.24
1996:Q2 45.98
1996:Q3 45.91
1996:Q4 45.78
1997:Q1 45.80
1997:Q2 44.14
1997:Q3 43.53
1997:Q4 43.40
1998:Q1 43.20
1998:Q2 41.80
1998:Q3 40.79
1998:Q4 40.37
1999:Q1 39.92
1999:Q2 38.34
1999:Q3 37.53
1999:Q4 37.18
2000:Q1 36.52
2000:Q2 33.80
2000:Q3 33.04
2000:Q4 32.43
2001:Q1 32.55
2001:Q2 30.68
2001:Q3 31.33
2001:Q4 31.70
2002:Q1 31.79
2002:Q2 31.68
2002:Q3 32.21
2002:Q4 32.85
2003:Q1 33.09
2003:Q2 33.65
2003:Q3 33.83
2003:Q4 34.26
2004:Q1 34.96
2004:Q2 34.75
2004:Q3 34.89
2004:Q4 35.09
2005:Q1 35.73
2005:Q2 34.98
2005:Q3 34.91
2005:Q4 35.26
2006:Q1 35.70
2006:Q2 34.78
2006:Q3 34.80
2006:Q4 34.80
2007:Q1 35.45
2007:Q2 34.25
2007:Q3 34.61
2007:Q4 34.88
2008:Q1 36.32
2008:Q2 35.61
2008:Q3 39.09
2008:Q4 43.68
2009:Q1 47.42
2009:Q2 49.91
2009:Q3 52.29
2009:Q4 53.34
2010:Q1 56.24
2010:Q2 57.78
2010:Q3 59.78
2010:Q4 61.56
2011:Q1 63.08
2011:Q2 62.82
2011:Q3 64.94
2011:Q4 66.16
2012:Q1 67.72
2012:Q2 68.40
2012:Q3 69.37
2012:Q4 70.86
2013:Q1 71.99
2013:Q2 71.59
2013:Q3 71.10
2013:Q4 72.30
2014:Q1 73.74
2014:Q2 72.11
2014:Q3 72.11
2014:Q4 72.97
2015:Q1 72.81
2015:Q2 71.72
2015:Q3 71.54
2015:Q4 74.46
2016:Q1 75.60
2016:Q2 74.70
2016:Q3 75.35
2016:Q4 76.01
2017:Q1 74.93
2017:Q2 74.15
2017:Q3 74.87
2017:Q4 74.65
2018:Q1 76.91
2018:Q2 75.72
2018:Q3 76.24

Note: The data extend through 2018:Q3. The data for gross domestic product (GDP) are at an annual rate. Federal debt held by the public equals federal debt less Treasury securities held in federal employee defined benefit retirement accounts, evaluated at the end of the quarter.

Source: For GDP, Bureau of Economic Analysis via Haver Analytics; for federal debt, Federal Reserve Board, Statistical Release Z.1, "Financial Accounts of the United States."

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Figure 30. Market-implied federal funds rate path

Quarterly
Percent

Period Feb. 20, 2019 June 29, 2018
2018:Q2 ND 1.91
2018:Q3 ND 2.02
2018:Q4 ND 2.19
2019:Q1 2.40 2.37
2019:Q2 2.39 2.49
2019:Q3 2.39 2.56
2019:Q4 2.38 2.59
2020:Q1 2.34 2.60
2020:Q2 2.29 2.61
2020:Q3 2.23 2.62
2020:Q4 2.19 2.61
2021:Q1 2.16 2.60
2021:Q2 2.15 2.59
2021:Q3 2.14 2.57
2021:Q4 2.14 ND

Note: The federal funds rate path is implied by quotes on overnight index swaps--a derivative contract tied to the effective federal funds rate. The implied path as of February 20, 2019, is compared with that as of June 29, 2018. The path is estimated with a spline approach, assuming a term premium of 0 basis points. The current path extends through November 2021 and the previous one through September 2021.

Source: Bloomberg; Federal Reserve Board staff estimates.

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Figure 31. Yields on nominal Treasury securities

Daily
Percent

Date 2-year 5-year 10-year
3 January 2000 6.38 6.50 6.58
4 January 2000 6.30 6.40 6.49
5 January 2000 6.38 6.51 6.62
6 January 2000 6.35 6.46 6.57
7 January 2000 6.31 6.42 6.52
10 January 2000 6.38 6.49 6.57
11 January 2000 6.45 6.57 6.67
12 January 2000 6.49 6.63 6.72
13 January 2000 6.40 6.54 6.63
14 January 2000 6.44 6.59 6.69
17 January 2000 ND ND ND
18 January 2000 6.47 6.65 6.75
19 January 2000 6.46 6.62 6.73
20 January 2000 6.49 6.67 6.79
21 January 2000 6.48 6.67 6.79
24 January 2000 6.43 6.59 6.69
25 January 2000 6.44 6.60 6.70
26 January 2000 6.45 6.62 6.69
27 January 2000 6.51 6.67 6.68
28 January 2000 6.58 6.68 6.66
31 January 2000 6.61 6.71 6.68
1 February 2000 6.60 6.68 6.62
2 February 2000 6.63 6.69 6.60
3 February 2000 6.56 6.56 6.49
4 February 2000 6.63 6.64 6.53
7 February 2000 6.68 6.76 6.64
8 February 2000 6.69 6.74 6.59
9 February 2000 6.69 6.77 6.56
10 February 2000 6.67 6.78 6.67
11 February 2000 6.65 6.77 6.63
14 February 2000 6.62 6.72 6.56
15 February 2000 6.66 6.74 6.56
16 February 2000 6.63 6.75 6.56
17 February 2000 6.69 6.76 6.58
18 February 2000 6.66 6.72 6.49
21 February 2000 ND ND ND
22 February 2000 6.57 6.62 6.36
23 February 2000 6.61 6.66 6.44
24 February 2000 6.52 6.56 6.36
25 February 2000 6.45 6.50 6.36
28 February 2000 6.47 6.53 6.37
29 February 2000 6.53 6.61 6.42
1 March 2000 6.52 6.59 6.39
2 March 2000 6.52 6.59 6.40
3 March 2000 6.50 6.60 6.39
6 March 2000 6.55 6.64 6.42
7 March 2000 6.48 6.60 6.39
8 March 2000 6.50 6.59 6.38
9 March 2000 6.48 6.56 6.35
10 March 2000 6.55 6.61 6.39
13 March 2000 6.52 6.57 6.36
14 March 2000 6.48 6.52 6.31
15 March 2000 6.50 6.50 6.29
16 March 2000 6.50 6.47 6.26
17 March 2000 6.50 6.45 6.20
20 March 2000 6.52 6.45 6.18
21 March 2000 6.50 6.44 6.13
22 March 2000 6.50 6.41 6.13
23 March 2000 6.52 6.39 6.08
24 March 2000 6.64 6.51 6.20
27 March 2000 6.66 6.51 6.21
28 March 2000 6.60 6.46 6.17
29 March 2000 6.59 6.46 6.18
30 March 2000 6.52 6.35 6.06
31 March 2000 6.50 6.32 6.03
3 April 2000 6.45 6.30 6.00
4 April 2000 6.35 6.16 5.90
5 April 2000 6.35 6.17 5.90
6 April 2000 6.38 6.20 5.93
7 April 2000 6.38 6.18 5.86
10 April 2000 6.31 6.11 5.80
11 April 2000 6.36 6.19 5.89
12 April 2000 6.40 6.27 5.97
13 April 2000 6.40 6.24 5.94
14 April 2000 6.27 6.11 5.85
17 April 2000 6.33 6.23 6.01
18 April 2000 6.33 6.27 6.05
19 April 2000 6.33 6.23 5.99
20 April 2000 6.38 6.24 5.99
21 April 2000 ND ND ND
24 April 2000 6.36 6.23 6.00
25 April 2000 6.48 6.39 6.14
26 April 2000 6.50 6.40 6.14
27 April 2000 6.63 6.51 6.23
28 April 2000 6.68 6.56 6.23
1 May 2000 6.73 6.59 6.29
2 May 2000 6.72 6.60 6.32
3 May 2000 6.73 6.66 6.40
4 May 2000 6.77 6.70 6.46
5 May 2000 6.84 6.77 6.51
8 May 2000 6.87 6.83 6.57
9 May 2000 6.86 6.75 6.53
10 May 2000 6.84 6.69 6.47
11 May 2000 6.82 6.67 6.43
12 May 2000 6.91 6.76 6.51
15 May 2000 6.88 6.73 6.47
16 May 2000 6.89 6.72 6.43
17 May 2000 6.90 6.74 6.48
18 May 2000 6.93 6.79 6.56
19 May 2000 6.86 6.71 6.51
22 May 2000 6.81 6.66 6.44
23 May 2000 6.83 6.68 6.45
24 May 2000 6.79 6.71 6.47
25 May 2000 6.71 6.64 6.39
26 May 2000 6.69 6.57 6.33
29 May 2000 ND ND ND
30 May 2000 6.74 6.62 6.38
31 May 2000 6.69 6.54 6.29
1 June 2000 6.61 6.44 6.20
2 June 2000 6.52 6.37 6.15
5 June 2000 6.49 6.33 6.12
6 June 2000 6.51 6.35 6.14
7 June 2000 6.52 6.35 6.13
8 June 2000 6.56 6.37 6.13
9 June 2000 6.56 6.36 6.13
12 June 2000 6.52 6.33 6.09
13 June 2000 6.49 6.32 6.11
14 June 2000 6.44 6.26 6.06
15 June 2000 6.44 6.26 6.05
16 June 2000 6.38 6.19 5.99
19 June 2000 6.40 6.20 6.00
20 June 2000 6.43 6.23 6.03
21 June 2000 6.50 6.32 6.11
22 June 2000 6.50 6.32 6.12
23 June 2000 6.55 6.37 6.19
26 June 2000 6.50 6.29 6.11
27 June 2000 6.50 6.29 6.10
28 June 2000 6.43 6.28 6.11
29 June 2000 6.37 6.21 6.04
30 June 2000 6.38 6.18 6.03
3 July 2000 6.31 6.12 6.00
4 July 2000 ND ND ND
5 July 2000 6.29 6.12 5.99
6 July 2000 6.34 6.16 6.05
7 July 2000 6.29 6.11 6.01
10 July 2000 6.31 6.13 6.04
11 July 2000 6.32 6.16 6.06
12 July 2000 6.34 6.20 6.09
13 July 2000 6.31 6.15 6.01
14 July 2000 6.41 6.25 6.10
17 July 2000 6.46 6.31 6.17
18 July 2000 6.44 6.30 6.16
19 July 2000 6.46 6.31 6.16
20 July 2000 6.32 6.15 6.01
21 July 2000 6.32 6.14 6.01
24 July 2000 6.35 6.18 6.04
25 July 2000 6.35 6.17 6.04
26 July 2000 6.29 6.16 6.04
27 July 2000 6.27 6.14 6.02
28 July 2000 6.30 6.16 6.04
31 July 2000 6.30 6.16 6.04
1 August 2000 6.27 6.12 6.00
2 August 2000 6.23 6.09 5.98
3 August 2000 6.22 6.07 5.95
4 August 2000 6.15 6.02 5.91
7 August 2000 6.20 6.07 5.97
8 August 2000 6.16 6.03 5.93
9 August 2000 6.18 6.03 5.81
10 August 2000 6.16 6.00 5.76
11 August 2000 6.25 6.07 5.79
14 August 2000 6.25 6.07 5.78
15 August 2000 6.28 6.11 5.81
16 August 2000 6.30 6.13 5.83
17 August 2000 6.30 6.13 5.81
18 August 2000 6.27 6.09 5.78
21 August 2000 6.28 6.10 5.79
22 August 2000 6.27 6.07 5.78
23 August 2000 6.20 6.02 5.73
24 August 2000 6.19 6.00 5.73
25 August 2000 6.19 6.00 5.73
28 August 2000 6.23 6.05 5.78
29 August 2000 6.26 6.08 5.81
30 August 2000 6.24 6.07 5.81
31 August 2000 6.18 5.98 5.73
1 September 2000 6.09 5.92 5.68
4 September 2000 ND ND ND
5 September 2000 6.09 5.92 5.69
6 September 2000 6.11 5.95 5.72
7 September 2000 6.14 5.97 5.76
8 September 2000 6.11 5.95 5.73
11 September 2000 6.12 5.97 5.77
12 September 2000 6.12 5.97 5.78
13 September 2000 6.09 5.94 5.74
14 September 2000 6.11 5.96 5.79
15 September 2000 6.07 5.93 5.84
18 September 2000 6.04 5.93 5.88
19 September 2000 6.05 5.93 5.86
20 September 2000 6.11 5.98 5.91
21 September 2000 6.11 5.96 5.88
22 September 2000 6.09 5.93 5.85
25 September 2000 6.11 5.94 5.84
26 September 2000 6.07 5.90 5.81
27 September 2000 6.00 5.89 5.83
28 September 2000 6.02 5.90 5.82
29 September 2000 5.98 5.85 5.80
2 October 2000 5.98 5.86 5.83
3 October 2000 6.00 5.88 5.87
4 October 2000 6.03 5.94 5.90
5 October 2000 6.02 5.92 5.87
6 October 2000 5.98 5.88 5.82
9 October 2000 ND ND ND
10 October 2000 5.98 5.86 5.80
11 October 2000 5.93 5.82 5.77
12 October 2000 5.86 5.74 5.73
13 October 2000 5.84 5.73 5.73
16 October 2000 5.89 5.77 5.74
17 October 2000 5.83 5.68 5.68
18 October 2000 5.82 5.68 5.66
19 October 2000 5.86 5.69 5.66
20 October 2000 5.84 5.69 5.64
23 October 2000 5.82 5.66 5.59
24 October 2000 5.86 5.70 5.63
25 October 2000 5.87 5.74 5.67
26 October 2000 5.90 5.75 5.69
27 October 2000 5.94 5.79 5.72
30 October 2000 5.97 5.83 5.74
31 October 2000 5.94 5.83 5.77
1 November 2000 5.88 5.79 5.74
2 November 2000 5.87 5.78 5.74
3 November 2000 5.94 5.86 5.83
6 November 2000 5.99 5.91 5.87
7 November 2000 5.99 5.84 5.87
8 November 2000 5.99 5.83 5.87
9 November 2000 5.94 5.76 5.82
10 November 2000 5.92 5.76 5.82
13 November 2000 5.90 5.72 5.77
14 November 2000 5.92 5.72 5.76
15 November 2000 5.90 5.69 5.72
16 November 2000 5.87 5.66 5.68
17 November 2000 5.88 5.67 5.71
20 November 2000 5.87 5.65 5.68
21 November 2000 5.86 5.65 5.67
22 November 2000 5.85 5.60 5.62
23 November 2000 ND ND ND
24 November 2000 5.86 5.63 5.63
27 November 2000 5.86 5.63 5.64
28 November 2000 5.79 5.57 5.59
29 November 2000 5.69 5.51 5.55
30 November 2000 5.61 5.42 5.48
1 December 2000 5.62 5.46 5.52
4 December 2000 5.59 5.45 5.53
5 December 2000 5.49 5.36 5.43
6 December 2000 5.42 5.26 5.32
7 December 2000 5.45 5.26 5.32
8 December 2000 5.50 5.32 5.35
11 December 2000 5.52 5.33 5.37
12 December 2000 5.54 5.33 5.36
13 December 2000 5.45 5.24 5.29
14 December 2000 5.43 5.19 5.23
15 December 2000 5.38 5.15 5.20
18 December 2000 5.33 5.10 5.17
19 December 2000 5.35 5.12 5.19
20 December 2000 5.24 5.00 5.08
21 December 2000 5.14 4.94 5.03
22 December 2000 5.10 4.93 5.02
25 December 2000 ND ND ND
26 December 2000 5.10 4.92 5.04
27 December 2000 5.10 4.99 5.11
28 December 2000 5.18 5.02 5.13
29 December 2000 5.11 4.99 5.12
1 January 2001 ND ND ND
2 January 2001 4.87 4.76 4.92
3 January 2001 4.92 4.94 5.14
4 January 2001 4.77 4.82 5.03
5 January 2001 4.56 4.66 4.93
8 January 2001 4.54 4.65 4.94
9 January 2001 4.64 4.73 4.98
10 January 2001 4.76 4.83 5.10
11 January 2001 4.77 4.85 5.14
12 January 2001 4.90 4.97 5.25
15 January 2001 ND ND ND
16 January 2001 4.89 4.96 5.24
17 January 2001 4.84 4.87 5.19
18 January 2001 4.72 4.74 5.12
19 January 2001 4.75 4.84 5.19
22 January 2001 4.75 4.87 5.25
23 January 2001 4.82 4.96 5.30
24 January 2001 4.81 4.98 5.33
25 January 2001 4.78 4.94 5.29
26 January 2001 4.78 4.93 5.29
29 January 2001 4.77 4.97 5.32
30 January 2001 4.70 4.91 5.24
31 January 2001 4.62 4.85 5.19
1 February 2001 4.55 4.78 5.10
2 February 2001 4.65 4.86 5.17
5 February 2001 4.68 4.88 5.18
6 February 2001 4.72 4.92 5.22
7 February 2001 4.70 4.91 5.10
8 February 2001 4.73 4.93 5.10
9 February 2001 4.67 4.85 5.03
12 February 2001 4.67 4.86 5.05
13 February 2001 4.75 4.90 5.07
14 February 2001 4.84 4.99 5.13
15 February 2001 4.89 5.06 5.19
16 February 2001 4.75 4.94 5.11
19 February 2001 ND ND ND
20 February 2001 4.73 4.94 5.11
21 February 2001 4.68 4.96 5.14
22 February 2001 4.63 4.94 5.15
23 February 2001 4.53 4.86 5.10
26 February 2001 4.46 4.81 5.05
27 February 2001 4.44 4.75 4.96
28 February 2001 4.41 4.70 4.92
1 March 2001 4.41 4.67 4.87
2 March 2001 4.48 4.75 4.95
5 March 2001 4.49 4.78 4.98
6 March 2001 4.49 4.78 4.99
7 March 2001 4.43 4.72 4.92
8 March 2001 4.43 4.70 4.89
9 March 2001 4.47 4.75 4.95
12 March 2001 4.46 4.72 4.92
13 March 2001 4.46 4.75 4.95
14 March 2001 4.32 4.62 4.84
15 March 2001 4.22 4.55 4.81
16 March 2001 4.26 4.54 4.78
19 March 2001 4.32 4.58 4.82
20 March 2001 4.24 4.52 4.78
21 March 2001 4.21 4.49 4.77
22 March 2001 4.17 4.44 4.73
23 March 2001 4.24 4.52 4.80
26 March 2001 4.27 4.56 4.85
27 March 2001 4.41 4.73 5.00
28 March 2001 4.30 4.68 4.97
29 March 2001 4.27 4.67 4.98
30 March 2001 4.18 4.62 4.93
2 April 2001 4.22 4.66 4.98
3 April 2001 4.15 4.60 4.94
4 April 2001 4.12 4.58 4.94
5 April 2001 4.19 4.63 4.98
6 April 2001 4.07 4.52 4.89
9 April 2001 4.10 4.56 4.93
10 April 2001 4.24 4.70 5.09
11 April 2001 4.29 4.75 5.12
12 April 2001 4.36 4.83 5.17
13 April 2001 ND ND ND
16 April 2001 4.49 4.94 5.28
17 April 2001 4.41 4.87 5.21
18 April 2001 4.26 4.75 5.14
19 April 2001 4.29 4.86 5.27
20 April 2001 4.26 4.88 5.29
23 April 2001 4.15 4.78 5.20
24 April 2001 4.16 4.78 5.22
25 April 2001 4.20 4.88 5.28
26 April 2001 4.14 4.79 5.20
27 April 2001 4.28 4.94 5.34
30 April 2001 4.30 4.97 5.35
1 May 2001 4.23 4.94 5.30
2 May 2001 4.27 4.95 5.31
3 May 2001 4.22 4.87 5.22
4 May 2001 4.14 4.83 5.21
7 May 2001 4.12 4.82 5.21
8 May 2001 4.10 4.68 5.24
9 May 2001 4.07 4.65 5.20
10 May 2001 4.17 4.76 5.31
11 May 2001 4.36 4.99 5.51
14 May 2001 4.29 4.94 5.46
15 May 2001 4.28 4.95 5.50
16 May 2001 4.25 4.95 5.48
17 May 2001 4.33 4.99 5.46
18 May 2001 4.37 4.99 5.41
21 May 2001 4.37 4.99 5.41
22 May 2001 4.34 4.99 5.42
23 May 2001 4.29 4.96 5.41
24 May 2001 4.32 5.05 5.52
25 May 2001 4.31 5.04 5.52
28 May 2001 ND ND ND
29 May 2001 4.33 5.06 5.54
30 May 2001 4.34 5.07 5.54
31 May 2001 4.22 4.94 5.43
1 June 2001 4.22 4.94 5.39
4 June 2001 4.19 4.93 5.35
5 June 2001 4.12 4.84 5.29
6 June 2001 4.12 4.83 5.27
7 June 2001 4.14 4.88 5.33
8 June 2001 4.17 4.93 5.38
11 June 2001 4.11 4.87 5.32
12 June 2001 4.09 4.82 5.27
13 June 2001 4.08 4.81 5.28
14 June 2001 4.04 4.76 5.26
15 June 2001 4.01 4.74 5.27
18 June 2001 3.98 4.73 5.27
19 June 2001 3.99 4.72 5.26
20 June 2001 3.98 4.72 5.24
21 June 2001 3.99 4.70 5.22
22 June 2001 3.93 4.63 5.14
25 June 2001 3.96 4.65 5.16
26 June 2001 4.03 4.74 5.24
27 June 2001 4.06 4.82 5.26
28 June 2001 4.22 4.92 5.35
29 June 2001 4.25 4.97 5.42
2 July 2001 4.21 4.88 5.37
3 July 2001 4.24 4.91 5.41
4 July 2001 ND ND ND
5 July 2001 4.24 4.95 5.44
6 July 2001 4.16 4.90 5.41
9 July 2001 4.15 4.88 5.37
10 July 2001 4.08 4.82 5.32
11 July 2001 4.07 4.81 5.31
12 July 2001 4.07 4.80 5.27
13 July 2001 4.12 4.82 5.27
16 July 2001 4.07 4.76 5.21
17 July 2001 4.09 4.78 5.22
18 July 2001 3.96 4.66 5.12
19 July 2001 3.98 4.69 5.13
20 July 2001 3.98 4.70 5.15
23 July 2001 3.98 4.68 5.13
24 July 2001 3.97 4.67 5.13
25 July 2001 3.98 4.74 5.20
26 July 2001 3.94 4.71 5.19
27 July 2001 3.87 4.64 5.13
30 July 2001 3.86 4.63 5.11
31 July 2001 3.79 4.57 5.07
1 August 2001 3.83 4.62 5.11
2 August 2001 3.89 4.69 5.17
3 August 2001 3.91 4.72 5.20
6 August 2001 3.88 4.71 5.19
7 August 2001 3.90 4.72 5.20
8 August 2001 3.77 4.61 4.99
9 August 2001 3.77 4.66 5.04
10 August 2001 3.73 4.61 4.99
13 August 2001 3.70 4.57 4.97
14 August 2001 3.74 4.59 4.97
15 August 2001 3.80 4.62 5.00
16 August 2001 3.75 4.58 4.95
17 August 2001 3.67 4.49 4.84
20 August 2001 3.74 4.55 4.91
21 August 2001 3.69 4.50 4.87
22 August 2001 3.76 4.53 4.91
23 August 2001 3.72 4.52 4.89
24 August 2001 3.76 4.55 4.93
27 August 2001 3.78 4.57 4.94
28 August 2001 3.71 4.48 4.85
29 August 2001 3.67 4.43 4.78
30 August 2001 3.61 4.42 4.79
31 August 2001 3.64 4.46 4.85
3 September 2001 ND ND ND
4 September 2001 3.83 4.63 4.99
5 September 2001 3.79 4.61 4.97
6 September 2001 3.65 4.48 4.86
7 September 2001 3.53 4.39 4.80
10 September 2001 3.53 4.41 4.84
11 September 2001 ND ND ND
12 September 2001 ND ND ND
13 September 2001 2.99 4.03 4.64
14 September 2001 2.87 3.92 4.57
17 September 2001 2.96 3.99 4.63
18 September 2001 2.96 4.01 4.72
19 September 2001 2.81 3.90 4.69
20 September 2001 2.91 3.97 4.75
21 September 2001 2.91 3.94 4.70
24 September 2001 2.94 4.00 4.73
25 September 2001 2.88 3.97 4.72
26 September 2001 2.82 3.91 4.65
27 September 2001 2.78 3.87 4.58
28 September 2001 2.86 3.93 4.60
1 October 2001 2.82 3.90 4.55
2 October 2001 2.77 3.87 4.53
3 October 2001 2.77 3.86 4.50
4 October 2001 2.75 3.88 4.53
5 October 2001 2.71 3.87 4.52
8 October 2001 ND ND ND
9 October 2001 2.74 3.96 4.62
10 October 2001 2.78 3.96 4.61
11 October 2001 2.88 4.03 4.69
12 October 2001 2.81 4.01 4.68
15 October 2001 2.78 3.97 4.62
16 October 2001 2.77 3.93 4.59
17 October 2001 2.80 3.93 4.59
18 October 2001 2.77 3.93 4.58
19 October 2001 2.77 3.96 4.63
22 October 2001 2.79 3.98 4.63
23 October 2001 2.81 4.01 4.66
24 October 2001 2.72 3.96 4.61
25 October 2001 2.63 3.89 4.56
26 October 2001 2.63 3.88 4.53
29 October 2001 2.55 3.82 4.50
30 October 2001 2.48 3.76 4.44
31 October 2001 2.44 3.66 4.30
1 November 2001 2.49 3.66 4.24
2 November 2001 2.48 3.77 4.37
5 November 2001 2.46 3.71 4.31
6 November 2001 2.37 3.54 4.30
7 November 2001 2.32 3.47 4.22
8 November 2001 2.42 3.58 4.32
9 November 2001 2.45 3.62 4.34
12 November 2001 ND ND ND
13 November 2001 2.54 3.69 4.41
14 November 2001 2.70 3.83 4.54
15 November 2001 2.98 4.10 4.79
16 November 2001 3.09 4.24 4.91
19 November 2001 2.92 4.12 4.80
20 November 2001 2.96 4.17 4.88
21 November 2001 3.11 4.31 4.98
22 November 2001 ND ND ND
23 November 2001 3.20 4.40 5.04
26 November 2001 3.22 4.41 5.05
27 November 2001 3.11 4.32 4.98
28 November 2001 3.12 4.33 4.98
29 November 2001 2.87 4.10 4.79
30 November 2001 2.84 4.08 4.78
3 December 2001 2.82 4.04 4.75
4 December 2001 2.81 3.99 4.70
5 December 2001 3.07 4.24 4.92
6 December 2001 3.19 4.38 5.04
7 December 2001 3.19 4.50 5.20
10 December 2001 3.10 4.46 5.17
11 December 2001 3.03 4.38 5.13
12 December 2001 2.97 4.29 5.02
13 December 2001 3.09 4.40 5.13
14 December 2001 3.20 4.52 5.24
17 December 2001 3.21 4.54 5.26
18 December 2001 3.13 4.46 5.16
19 December 2001 3.11 4.38 5.08
20 December 2001 3.15 4.42 5.08
21 December 2001 3.17 4.45 5.12
24 December 2001 3.22 4.49 5.18
25 December 2001 ND ND ND
26 December 2001 3.26 4.55 5.22
27 December 2001 3.19 4.46 5.13
28 December 2001 3.16 4.46 5.15
31 December 2001 3.07 4.38 5.07
1 January 2002 ND ND ND
2 January 2002 3.22 4.52 5.20
3 January 2002 3.19 4.48 5.16
4 January 2002 3.19 4.50 5.18
7 January 2002 3.08 4.39 5.09
8 January 2002 3.07 4.39 5.10
9 January 2002 3.03 4.38 5.10
10 January 2002 2.94 4.27 5.00
11 January 2002 2.76 4.14 4.92
14 January 2002 2.79 4.15 4.91
15 January 2002 2.79 4.14 4.88
16 January 2002 2.84 4.16 4.88
17 January 2002 2.96 4.28 4.98
18 January 2002 2.91 4.23 4.94
21 January 2002 ND ND ND
22 January 2002 2.97 4.27 4.96
23 January 2002 3.07 4.36 5.05
24 January 2002 3.15 4.40 5.07
25 January 2002 3.17 4.46 5.10
28 January 2002 3.19 4.48 5.12
29 January 2002 3.05 4.35 5.02
30 January 2002 3.06 4.37 5.02
31 January 2002 3.16 4.42 5.07
1 February 2002 3.08 4.37 5.02
4 February 2002 2.99 4.29 4.94
5 February 2002 2.99 4.29 4.92
6 February 2002 2.98 4.30 4.92
7 February 2002 2.99 4.33 4.93
8 February 2002 2.95 4.28 4.90
11 February 2002 2.95 4.29 4.91
12 February 2002 3.04 4.36 4.97
13 February 2002 3.09 4.40 5.01
14 February 2002 3.07 4.35 4.95
15 February 2002 2.97 4.27 4.86
18 February 2002 ND ND ND
19 February 2002 2.98 4.28 4.88
20 February 2002 3.00 4.28 4.88
21 February 2002 3.00 4.27 4.88
22 February 2002 2.97 4.23 4.84
25 February 2002 3.01 4.26 4.86
26 February 2002 3.08 4.33 4.93
27 February 2002 3.09 4.22 4.84
28 February 2002 3.06 4.27 4.88
1 March 2002 3.18 4.43 4.98
4 March 2002 3.24 4.43 5.02
5 March 2002 3.25 4.44 5.02
6 March 2002 3.26 4.45 5.06
7 March 2002 3.36 4.65 5.22
8 March 2002 3.60 4.77 5.33
11 March 2002 3.59 4.77 5.33
12 March 2002 3.56 4.75 5.32
13 March 2002 3.49 4.69 5.28
14 March 2002 3.63 4.83 5.40
15 March 2002 3.63 4.80 5.35
18 March 2002 3.67 4.79 5.32
19 March 2002 3.64 4.78 5.33
20 March 2002 3.71 4.87 5.40
21 March 2002 3.73 4.88 5.39
22 March 2002 3.77 4.90 5.40
25 March 2002 3.78 4.92 5.41
26 March 2002 3.68 4.85 5.35
27 March 2002 3.66 4.85 5.35
28 March 2002 3.72 4.91 5.42
29 March 2002 ND ND ND
1 April 2002 3.74 4.93 5.44
2 April 2002 3.63 4.84 5.36
3 April 2002 3.55 4.76 5.30
4 April 2002 3.57 4.76 5.28
5 April 2002 3.49 4.68 5.22
8 April 2002 3.51 4.70 5.25
9 April 2002 3.48 4.67 5.22
10 April 2002 3.48 4.68 5.24
11 April 2002 3.47 4.66 5.22
12 April 2002 3.41 4.60 5.18
15 April 2002 3.38 4.57 5.15
16 April 2002 3.43 4.62 5.20
17 April 2002 3.41 4.64 5.24
18 April 2002 3.38 4.64 5.23
19 April 2002 3.36 4.62 5.21
22 April 2002 3.37 4.62 5.19
23 April 2002 3.39 4.62 5.18
24 April 2002 3.28 4.53 5.11
25 April 2002 3.25 4.52 5.10
26 April 2002 3.22 4.49 5.08
29 April 2002 3.26 4.55 5.13
30 April 2002 3.24 4.53 5.11
1 May 2002 3.21 4.49 5.08
2 May 2002 3.25 4.54 5.13
3 May 2002 3.17 4.48 5.08
6 May 2002 3.19 4.50 5.10
7 May 2002 3.14 4.43 5.09
8 May 2002 3.32 4.58 5.24
9 May 2002 3.27 4.53 5.20
10 May 2002 3.19 4.46 5.15
13 May 2002 3.28 4.54 5.23
14 May 2002 3.40 4.64 5.32
15 May 2002 3.37 4.59 5.28
16 May 2002 3.28 4.52 5.20
17 May 2002 3.41 4.60 5.27
20 May 2002 3.33 4.53 5.21
21 May 2002 3.28 4.49 5.18
22 May 2002 3.23 4.43 5.13
23 May 2002 3.28 4.46 5.16
24 May 2002 3.28 4.47 5.16
27 May 2002 ND ND ND
28 May 2002 3.30 4.46 5.16
29 May 2002 3.24 4.41 5.11
30 May 2002 3.17 4.36 5.06
31 May 2002 3.22 4.37 5.08
3 June 2002 3.19 4.36 5.06
4 June 2002 3.13 4.31 5.04
5 June 2002 3.16 4.35 5.08
6 June 2002 3.13 4.30 5.04
7 June 2002 3.16 4.36 5.10
10 June 2002 3.15 4.34 5.07
11 June 2002 3.09 4.29 5.02
12 June 2002 3.05 4.24 4.98
13 June 2002 3.00 4.20 4.94
14 June 2002 2.92 4.10 4.83
17 June 2002 2.96 4.14 4.89
18 June 2002 2.93 4.13 4.88
19 June 2002 2.81 4.01 4.76
20 June 2002 2.93 4.11 4.85
21 June 2002 2.88 4.06 4.79
24 June 2002 2.93 4.13 4.87
25 June 2002 2.92 4.13 4.88
26 June 2002 2.77 3.99 4.75
27 June 2002 2.85 4.08 4.84
28 June 2002 2.90 4.09 4.86
1 July 2002 2.88 4.08 4.85
2 July 2002 2.78 3.99 4.77
3 July 2002 2.78 4.00 4.78
4 July 2002 ND ND ND
5 July 2002 2.90 4.13 4.90
8 July 2002 2.84 4.07 4.84
9 July 2002 2.74 3.98 4.78
10 July 2002 2.61 3.85 4.66
11 July 2002 2.61 3.86 4.66
12 July 2002 2.56 3.82 4.63
15 July 2002 2.55 3.85 4.66
16 July 2002 2.66 3.93 4.75
17 July 2002 2.63 3.89 4.71
18 July 2002 2.55 3.82 4.66
19 July 2002 2.48 3.76 4.61
22 July 2002 2.40 3.65 4.51
23 July 2002 2.34 3.59 4.47
24 July 2002 2.38 3.60 4.49
25 July 2002 2.28 3.51 4.43
26 July 2002 2.20 3.46 4.43
29 July 2002 2.41 3.68 4.62
30 July 2002 2.44 3.71 4.65
31 July 2002 2.23 3.53 4.51
1 August 2002 2.15 3.46 4.47
2 August 2002 1.99 3.27 4.33
5 August 2002 1.93 3.21 4.29
6 August 2002 2.11 3.36 4.42
7 August 2002 1.98 3.24 4.35
8 August 2002 2.10 3.35 4.40
9 August 2002 2.10 3.28 4.27
12 August 2002 2.10 3.24 4.22
13 August 2002 2.00 3.15 4.12
14 August 2002 2.12 3.19 4.06
15 August 2002 2.22 3.28 4.17
16 August 2002 2.28 3.41 4.32
19 August 2002 2.25 3.40 4.29
20 August 2002 2.12 3.25 4.17
21 August 2002 2.12 3.28 4.20
22 August 2002 2.22 3.37 4.30
23 August 2002 2.19 3.31 4.25
26 August 2002 2.19 3.29 4.22
27 August 2002 2.26 3.37 4.29
28 August 2002 2.23 3.31 4.22
29 August 2002 2.14 3.24 4.16
30 August 2002 2.14 3.22 4.14
2 September 2002 ND ND ND
3 September 2002 2.01 3.04 3.98
4 September 2002 2.02 3.02 3.96
5 September 2002 1.95 2.95 3.91
6 September 2002 2.08 3.10 4.05
9 September 2002 2.13 3.11 4.05
10 September 2002 2.12 3.08 4.00
11 September 2002 2.18 3.15 4.07
12 September 2002 2.12 3.07 3.98
13 September 2002 2.07 3.00 3.92
16 September 2002 2.07 3.00 3.90
17 September 2002 2.06 2.97 3.87
18 September 2002 2.04 2.96 3.86
19 September 2002 1.93 2.87 3.79
20 September 2002 1.94 2.86 3.79
23 September 2002 1.93 2.76 3.70
24 September 2002 1.93 2.76 3.69
25 September 2002 2.00 2.83 3.77
26 September 2002 1.97 2.86 3.79
27 September 2002 1.82 2.74 3.69
30 September 2002 1.72 2.63 3.63
1 October 2002 1.80 2.75 3.72
2 October 2002 1.75 2.74 3.71
3 October 2002 1.75 2.74 3.70
4 October 2002 1.78 2.73 3.69
7 October 2002 1.77 2.67 3.64
8 October 2002 1.80 2.70 3.65
9 October 2002 1.72 2.65 3.61
10 October 2002 1.75 2.68 3.68
11 October 2002 1.85 2.83 3.83
14 October 2002 ND ND ND
15 October 2002 2.08 3.11 4.07
16 October 2002 2.02 3.11 4.06
17 October 2002 2.10 3.20 4.16
18 October 2002 2.09 3.17 4.14
21 October 2002 2.23 3.28 4.24
22 October 2002 2.21 3.29 4.27
23 October 2002 2.20 3.26 4.26
24 October 2002 2.09 3.18 4.16
25 October 2002 1.98 3.10 4.12
28 October 2002 1.88 3.03 4.10
29 October 2002 1.79 2.89 3.97
30 October 2002 1.74 2.87 3.99
31 October 2002 1.68 2.81 3.93
1 November 2002 1.76 2.92 4.01
4 November 2002 1.79 3.00 4.07
5 November 2002 1.82 3.00 4.10
6 November 2002 1.87 3.01 4.09
7 November 2002 1.86 2.86 3.88
8 November 2002 1.87 2.87 3.85
11 November 2002 ND ND ND
12 November 2002 1.79 2.83 3.84
13 November 2002 1.76 2.82 3.84
14 November 2002 1.89 3.01 4.03
15 November 2002 1.91 3.05 4.05
18 November 2002 1.91 3.04 4.02
19 November 2002 1.91 3.02 3.99
20 November 2002 1.98 3.13 4.08
21 November 2002 2.05 3.20 4.14
22 November 2002 2.10 3.26 4.18
25 November 2002 2.09 3.26 4.19
26 November 2002 1.97 3.14 4.08
27 November 2002 2.13 3.34 4.26
28 November 2002 ND ND ND
29 November 2002 2.08 3.28 4.22
2 December 2002 2.07 3.31 4.22
3 December 2002 2.08 3.33 4.24
4 December 2002 2.02 3.25 4.18
5 December 2002 1.97 3.19 4.13
6 December 2002 1.89 3.13 4.09
9 December 2002 1.88 3.08 4.06
10 December 2002 1.90 3.07 4.06
11 December 2002 1.85 3.02 4.01
12 December 2002 1.85 3.03 4.01
13 December 2002 1.87 3.08 4.07
16 December 2002 1.94 3.14 4.15
17 December 2002 1.89 3.11 4.13
18 December 2002 1.81 3.03 4.06
19 December 2002 1.74 2.91 3.96
20 December 2002 1.76 2.93 3.97
23 December 2002 1.79 2.95 3.98
24 December 2002 1.73 2.92 3.95
25 December 2002 ND ND ND
26 December 2002 1.70 2.89 3.93
27 December 2002 1.60 2.79 3.83
30 December 2002 1.61 2.76 3.82
31 December 2002 1.61 2.78 3.83
1 January 2003 ND ND ND
2 January 2003 1.80 3.05 4.07
3 January 2003 1.79 3.03 4.05
6 January 2003 1.84 3.10 4.09
7 January 2003 1.77 3.04 4.04
8 January 2003 1.71 3.01 4.00
9 January 2003 1.87 3.23 4.19
10 January 2003 1.79 3.20 4.16
13 January 2003 1.81 3.17 4.15
14 January 2003 1.76 3.10 4.10
15 January 2003 1.75 3.10 4.10
16 January 2003 1.75 3.11 4.10
17 January 2003 1.70 3.05 4.05
20 January 2003 ND ND ND
21 January 2003 1.67 3.00 4.01
22 January 2003 1.66 2.94 3.95
23 January 2003 1.69 2.97 3.98
24 January 2003 1.66 2.93 3.94
27 January 2003 1.70 2.97 3.98
28 January 2003 1.70 2.99 4.00
29 January 2003 1.77 3.07 4.06
30 January 2003 1.70 3.02 4.00
31 January 2003 1.72 3.02 4.00
3 February 2003 1.72 3.05 4.01
4 February 2003 1.68 2.99 3.96
5 February 2003 1.73 3.07 4.02
6 February 2003 1.68 3.02 3.97
7 February 2003 1.63 2.97 3.96
10 February 2003 1.68 3.03 3.99
11 February 2003 1.65 3.00 3.98
12 February 2003 1.62 2.92 3.93
13 February 2003 1.57 2.85 3.89
14 February 2003 1.62 2.91 3.95
17 February 2003 ND ND ND
18 February 2003 1.66 2.92 3.94
19 February 2003 1.61 2.87 3.88
20 February 2003 1.59 2.82 3.85
21 February 2003 1.63 2.86 3.90
24 February 2003 1.60 2.82 3.86
25 February 2003 1.58 2.77 3.81
26 February 2003 1.57 2.75 3.78
27 February 2003 1.58 2.75 3.76
28 February 2003 1.53 2.69 3.71
3 March 2003 1.52 2.66 3.68
4 March 2003 1.49 2.62 3.65
5 March 2003 1.46 2.58 3.63
6 March 2003 1.47 2.63 3.67
7 March 2003 1.39 2.56 3.63
10 March 2003 1.35 2.51 3.59
11 March 2003 1.38 2.54 3.60
12 March 2003 1.45 2.57 3.60
13 March 2003 1.59 2.75 3.74
14 March 2003 1.56 2.72 3.72
17 March 2003 1.63 2.82 3.82
18 March 2003 1.72 2.93 3.91
19 March 2003 1.72 2.98 3.98
20 March 2003 1.75 3.02 4.01
21 March 2003 1.80 3.12 4.11
24 March 2003 1.71 2.98 3.98
25 March 2003 1.69 2.97 3.97
26 March 2003 1.68 2.94 3.96
27 March 2003 1.62 2.92 3.95
28 March 2003 1.56 2.86 3.92
31 March 2003 1.51 2.78 3.83
1 April 2003 1.50 2.78 3.84
2 April 2003 1.60 2.89 3.94
3 April 2003 1.55 2.87 3.93
4 April 2003 1.55 2.88 3.96
7 April 2003 1.65 2.99 4.03
8 April 2003 1.59 2.91 3.95
9 April 2003 1.55 2.87 3.93
10 April 2003 1.60 2.89 3.95
11 April 2003 1.65 2.95 4.00
14 April 2003 1.74 3.02 4.04
15 April 2003 1.69 2.96 3.98
16 April 2003 1.67 2.95 3.96
17 April 2003 1.71 2.99 3.98
18 April 2003 ND ND ND
21 April 2003 1.71 3.03 4.00
22 April 2003 1.70 3.01 4.01
23 April 2003 1.70 3.02 4.02
24 April 2003 1.62 2.92 3.93
25 April 2003 1.57 2.88 3.91
28 April 2003 1.59 2.90 3.92
29 April 2003 1.62 2.94 3.96
30 April 2003 1.51 2.85 3.89
1 May 2003 1.50 2.82 3.88
2 May 2003 1.56 2.90 3.94
5 May 2003 1.55 2.87 3.92
6 May 2003 1.45 2.76 3.84
7 May 2003 1.45 2.64 3.72
8 May 2003 1.49 2.62 3.70
9 May 2003 1.45 2.61 3.69
12 May 2003 1.46 2.58 3.64
13 May 2003 1.47 2.58 3.63
14 May 2003 1.41 2.47 3.53
15 May 2003 1.46 2.52 3.53
16 May 2003 1.38 2.43 3.46
19 May 2003 1.35 2.41 3.46
20 May 2003 1.31 2.34 3.38
21 May 2003 1.38 2.37 3.39
22 May 2003 1.36 2.32 3.34
23 May 2003 1.38 2.33 3.34
26 May 2003 ND ND ND
27 May 2003 1.33 2.34 3.41
28 May 2003 1.35 2.35 3.44
29 May 2003 1.30 2.27 3.34
30 May 2003 1.33 2.30 3.37
2 June 2003 1.33 2.37 3.43
3 June 2003 1.20 2.25 3.34
4 June 2003 1.20 2.19 3.30
5 June 2003 1.25 2.25 3.34
6 June 2003 1.27 2.29 3.37
9 June 2003 1.19 2.20 3.29
10 June 2003 1.13 2.12 3.20
11 June 2003 1.16 2.16 3.21
12 June 2003 1.13 2.10 3.18
13 June 2003 1.10 2.08 3.13
16 June 2003 1.18 2.14 3.18
17 June 2003 1.25 2.26 3.27
18 June 2003 1.27 2.34 3.37
19 June 2003 1.17 2.28 3.35
20 June 2003 1.22 2.31 3.40
23 June 2003 1.17 2.24 3.32
24 June 2003 1.14 2.21 3.29
25 June 2003 1.30 2.32 3.38
26 June 2003 1.41 2.49 3.55
27 June 2003 1.38 2.52 3.58
30 June 2003 1.32 2.46 3.54
1 July 2003 1.30 2.48 3.56
2 July 2003 1.30 2.47 3.56
3 July 2003 1.32 2.55 3.67
4 July 2003 ND ND ND
7 July 2003 1.36 2.63 3.74
8 July 2003 1.39 2.65 3.75
9 July 2003 1.37 2.63 3.73
10 July 2003 1.33 2.59 3.70
11 July 2003 1.29 2.52 3.66
14 July 2003 1.35 2.60 3.74
15 July 2003 1.45 2.81 3.94
16 July 2003 1.49 2.87 3.97
17 July 2003 1.47 2.88 3.98
18 July 2003 1.51 2.93 4.00
21 July 2003 1.61 3.10 4.19
22 July 2003 1.57 3.07 4.17
23 July 2003 1.54 3.04 4.12
24 July 2003 1.54 3.08 4.20
25 July 2003 1.52 3.10 4.22
28 July 2003 1.61 3.21 4.31
29 July 2003 1.67 3.33 4.42
30 July 2003 1.64 3.27 4.34
31 July 2003 1.80 3.38 4.49
1 August 2003 1.85 3.37 4.44
4 August 2003 1.71 3.24 4.35
5 August 2003 1.88 3.37 4.47
6 August 2003 1.78 3.25 4.32
7 August 2003 1.74 3.19 4.30
8 August 2003 1.72 3.17 4.27
11 August 2003 1.81 3.26 4.38
12 August 2003 1.71 3.23 4.37
13 August 2003 1.86 3.43 4.58
14 August 2003 1.86 3.42 4.55
15 August 2003 1.85 3.42 4.55
18 August 2003 1.87 3.37 4.49
19 August 2003 1.81 3.27 4.38
20 August 2003 1.84 3.35 4.45
21 August 2003 1.98 3.51 4.53
22 August 2003 1.97 3.47 4.48
25 August 2003 2.02 3.52 4.53
26 August 2003 1.96 3.50 4.50
27 August 2003 2.05 3.55 4.54
28 August 2003 1.93 3.42 4.42
29 August 2003 1.95 3.46 4.45
1 September 2003 ND ND ND
2 September 2003 2.04 3.63 4.61
3 September 2003 2.02 3.61 4.60
4 September 2003 1.91 3.50 4.52
5 September 2003 1.72 3.28 4.35
8 September 2003 1.75 3.32 4.41
9 September 2003 1.71 3.28 4.37
10 September 2003 1.64 3.18 4.28
11 September 2003 1.71 3.24 4.35
12 September 2003 1.66 3.15 4.27
15 September 2003 1.63 3.12 4.28
16 September 2003 1.63 3.12 4.29
17 September 2003 1.63 3.06 4.20
18 September 2003 1.68 3.09 4.19
19 September 2003 1.70 3.11 4.17
22 September 2003 1.70 3.16 4.26
23 September 2003 1.68 3.13 4.24
24 September 2003 1.66 3.07 4.16
25 September 2003 1.65 3.05 4.12
26 September 2003 1.60 2.95 4.04
29 September 2003 1.61 2.98 4.09
30 September 2003 1.50 2.85 3.96
1 October 2003 1.47 2.84 3.96
2 October 2003 1.48 2.90 4.03
3 October 2003 1.65 3.12 4.21
6 October 2003 1.60 3.06 4.17
7 October 2003 1.67 3.15 4.27
8 October 2003 1.65 3.14 4.27
9 October 2003 1.69 3.17 4.32
10 October 2003 1.65 3.15 4.29
13 October 2003 ND ND ND
14 October 2003 1.73 3.23 4.37
15 October 2003 1.79 3.30 4.43
16 October 2003 1.96 3.40 4.47
17 October 2003 1.90 3.33 4.41
20 October 2003 1.88 3.33 4.41
21 October 2003 1.89 3.31 4.38
22 October 2003 1.80 3.21 4.29
23 October 2003 1.84 3.24 4.34
24 October 2003 1.76 3.13 4.24
27 October 2003 1.83 3.21 4.30
28 October 2003 1.71 3.11 4.23
29 October 2003 1.79 3.20 4.31
30 October 2003 1.86 3.29 4.36
31 October 2003 1.85 3.27 4.33
3 November 2003 1.90 3.34 4.40
4 November 2003 1.86 3.28 4.33
5 November 2003 1.94 3.35 4.38
6 November 2003 2.01 3.43 4.45
7 November 2003 2.04 3.47 4.48
10 November 2003 2.06 3.49 4.49
11 November 2003 ND ND ND
12 November 2003 2.05 3.45 4.44
13 November 2003 1.92 3.29 4.30
14 November 2003 1.84 3.19 4.22
17 November 2003 1.80 3.14 4.18
18 November 2003 1.83 3.14 4.17
19 November 2003 1.90 3.22 4.24
20 November 2003 1.83 3.14 4.16
21 November 2003 1.84 3.15 4.15
24 November 2003 1.94 3.24 4.23
25 November 2003 1.89 3.20 4.19
26 November 2003 1.97 3.27 4.25
27 November 2003 ND ND ND
28 November 2003 2.06 3.38 4.34
1 December 2003 2.12 3.46 4.40
2 December 2003 2.07 3.43 4.38
3 December 2003 2.09 3.46 4.41
4 December 2003 2.06 3.42 4.38
5 December 2003 1.88 3.23 4.23
8 December 2003 1.94 3.28 4.29
9 December 2003 1.97 3.33 4.32
10 December 2003 1.94 3.28 4.30
11 December 2003 1.83 3.21 4.27
12 December 2003 1.84 3.23 4.26
15 December 2003 1.88 3.26 4.28
16 December 2003 1.83 3.21 4.24
17 December 2003 1.83 3.18 4.19
18 December 2003 1.85 3.17 4.16
19 December 2003 1.82 3.16 4.15
22 December 2003 1.84 3.19 4.18
23 December 2003 1.96 3.30 4.28
24 December 2003 1.83 3.20 4.20
25 December 2003 ND ND ND
26 December 2003 1.82 3.17 4.17
29 December 2003 1.86 3.23 4.24
30 December 2003 1.86 3.26 4.29
31 December 2003 1.84 3.25 4.27
1 January 2004 ND ND ND
2 January 2004 1.94 3.36 4.38
5 January 2004 1.95 3.39 4.41
6 January 2004 1.84 3.26 4.29
7 January 2004 1.84 3.25 4.27
8 January 2004 1.85 3.24 4.27
9 January 2004 1.68 3.05 4.11
12 January 2004 1.68 3.04 4.11
13 January 2004 1.63 2.98 4.05
14 January 2004 1.65 2.96 4.01
15 January 2004 1.67 2.97 3.99
16 January 2004 1.70 3.03 4.04
19 January 2004 ND ND ND
20 January 2004 1.69 3.05 4.08
21 January 2004 1.69 3.02 4.05
22 January 2004 1.66 2.96 3.99
23 January 2004 1.71 3.06 4.09
26 January 2004 1.75 3.13 4.16
27 January 2004 1.70 3.07 4.11
28 January 2004 1.87 3.22 4.22
29 January 2004 1.88 3.22 4.22
30 January 2004 1.84 3.17 4.16
2 February 2004 1.83 3.18 4.18
3 February 2004 1.78 3.12 4.13
4 February 2004 1.80 3.15 4.15
5 February 2004 1.85 3.21 4.20
6 February 2004 1.77 3.12 4.12
9 February 2004 1.76 3.08 4.09
10 February 2004 1.82 3.13 4.13
11 February 2004 1.73 3.03 4.05
12 February 2004 1.75 3.07 4.10
13 February 2004 1.70 3.01 4.05
16 February 2004 ND ND ND
17 February 2004 1.70 3.02 4.05
18 February 2004 1.72 3.03 4.05
19 February 2004 1.70 3.02 4.05
20 February 2004 1.75 3.08 4.10
23 February 2004 1.69 3.03 4.05
24 February 2004 1.69 3.01 4.04
25 February 2004 1.67 2.98 4.02
26 February 2004 1.69 3.01 4.05
27 February 2004 1.66 3.01 3.99
1 March 2004 1.67 2.98 4.00
2 March 2004 1.74 3.04 4.05
3 March 2004 1.74 3.06 4.07
4 March 2004 1.73 3.02 4.04
5 March 2004 1.57 2.81 3.85
8 March 2004 1.52 2.74 3.78
9 March 2004 1.51 2.68 3.73
10 March 2004 1.54 2.71 3.74
11 March 2004 1.52 2.72 3.74
12 March 2004 1.54 2.73 3.78
15 March 2004 1.56 2.74 3.78
16 March 2004 1.51 2.65 3.70
17 March 2004 1.53 2.66 3.71
18 March 2004 1.55 2.72 3.76
19 March 2004 1.56 2.75 3.80
22 March 2004 1.52 2.69 3.74
23 March 2004 1.52 2.69 3.73
24 March 2004 1.50 2.68 3.73
25 March 2004 1.51 2.70 3.75
26 March 2004 1.59 2.81 3.85
29 March 2004 1.63 2.86 3.91
30 March 2004 1.63 2.86 3.91
31 March 2004 1.60 2.80 3.86
1 April 2004 1.65 2.87 3.91
2 April 2004 1.86 3.15 4.15
5 April 2004 1.91 3.24 4.24
6 April 2004 1.86 3.19 4.19
7 April 2004 1.87 3.19 4.19
8 April 2004 1.88 3.22 4.21
9 April 2004 ND ND ND
12 April 2004 1.91 3.26 4.25
13 April 2004 2.01 3.37 4.35
14 April 2004 2.13 3.44 4.40
15 April 2004 2.10 3.45 4.42
16 April 2004 2.03 3.39 4.37
19 April 2004 2.07 3.42 4.39
20 April 2004 2.11 3.45 4.43
21 April 2004 2.22 3.52 4.45
22 April 2004 2.15 3.46 4.40
23 April 2004 2.29 3.58 4.48
26 April 2004 2.28 3.57 4.46
27 April 2004 2.21 3.52 4.43
28 April 2004 2.30 3.60 4.50
29 April 2004 2.34 3.66 4.55
30 April 2004 2.31 3.63 4.53
3 May 2004 2.34 3.63 4.53
4 May 2004 2.32 3.66 4.56
5 May 2004 2.34 3.71 4.61
6 May 2004 2.39 3.72 4.63
7 May 2004 2.64 3.96 4.79
10 May 2004 2.61 3.95 4.81
11 May 2004 2.61 3.94 4.79
12 May 2004 2.62 3.96 4.83
13 May 2004 2.67 4.01 4.85
14 May 2004 2.59 3.92 4.79
17 May 2004 2.51 3.83 4.70
18 May 2004 2.58 3.87 4.74
19 May 2004 2.61 3.93 4.79
20 May 2004 2.55 3.86 4.72
21 May 2004 2.60 3.91 4.76
24 May 2004 2.59 3.90 4.75
25 May 2004 2.58 3.89 4.73
26 May 2004 2.52 3.81 4.67
27 May 2004 2.46 3.74 4.60
28 May 2004 2.54 3.81 4.66
31 May 2004 ND ND ND
1 June 2004 2.60 3.86 4.71
2 June 2004 2.65 3.91 4.74
3 June 2004 2.63 3.89 4.71
4 June 2004 2.70 3.97 4.78
7 June 2004 2.67 3.95 4.78
8 June 2004 2.73 3.96 4.78
9 June 2004 2.79 4.01 4.82
10 June 2004 2.81 4.00 4.81
11 June 2004 ND ND ND
14 June 2004 2.97 4.10 4.89
15 June 2004 2.77 3.90 4.69
16 June 2004 2.84 3.96 4.74
17 June 2004 2.81 3.93 4.71
18 June 2004 2.81 3.94 4.72
21 June 2004 2.80 3.91 4.70
22 June 2004 2.80 3.92 4.72
23 June 2004 2.78 3.90 4.71
24 June 2004 2.74 3.85 4.66
25 June 2004 2.74 3.85 4.66
28 June 2004 2.86 3.97 4.76
29 June 2004 2.83 3.92 4.70
30 June 2004 2.70 3.81 4.62
1 July 2004 2.64 3.74 4.57
2 July 2004 2.54 3.62 4.48
5 July 2004 ND ND ND
6 July 2004 2.56 3.65 4.49
7 July 2004 2.56 3.67 4.50
8 July 2004 2.55 3.65 4.49
9 July 2004 2.55 3.64 4.49
12 July 2004 2.53 3.62 4.46
13 July 2004 2.58 3.66 4.50
14 July 2004 2.62 3.68 4.50
15 July 2004 2.64 3.69 4.50
16 July 2004 2.54 3.56 4.38
19 July 2004 2.56 3.57 4.38
20 July 2004 2.67 3.68 4.47
21 July 2004 2.71 3.72 4.50
22 July 2004 2.69 3.71 4.48
23 July 2004 2.69 3.69 4.45
26 July 2004 2.75 3.73 4.49
27 July 2004 2.82 3.85 4.62
28 July 2004 2.78 3.82 4.61
29 July 2004 2.75 3.80 4.60
30 July 2004 2.68 3.71 4.50
2 August 2004 2.66 3.68 4.48
3 August 2004 2.66 3.67 4.45
4 August 2004 2.66 3.66 4.45
5 August 2004 2.64 3.64 4.43
6 August 2004 2.40 3.40 4.24
9 August 2004 2.45 3.45 4.28
10 August 2004 2.55 3.52 4.32
11 August 2004 2.54 3.51 4.30
12 August 2004 2.52 3.47 4.27
13 August 2004 2.47 3.42 4.22
16 August 2004 2.51 3.45 4.26
17 August 2004 2.44 3.39 4.21
18 August 2004 2.44 3.41 4.23
19 August 2004 2.43 3.39 4.22
20 August 2004 2.46 3.42 4.24
23 August 2004 2.50 3.46 4.28
24 August 2004 2.50 3.46 4.28
25 August 2004 2.51 3.46 4.26
26 August 2004 2.48 3.42 4.22
27 August 2004 2.48 3.43 4.23
30 August 2004 2.47 3.40 4.19
31 August 2004 2.41 3.33 4.13
1 September 2004 2.41 3.32 4.13
2 September 2004 2.46 3.40 4.20
3 September 2004 2.61 3.52 4.30
6 September 2004 ND ND ND
7 September 2004 2.58 3.48 4.26
8 September 2004 2.50 3.40 4.18
9 September 2004 2.50 3.41 4.22
10 September 2004 2.50 3.40 4.19
13 September 2004 2.50 3.38 4.16
14 September 2004 2.47 3.35 4.15
15 September 2004 2.51 3.39 4.18
16 September 2004 2.44 3.29 4.08
17 September 2004 2.53 3.35 4.14
20 September 2004 2.46 3.28 4.07
21 September 2004 2.49 3.28 4.05
22 September 2004 2.50 3.26 4.00
23 September 2004 2.57 3.30 4.02
24 September 2004 2.62 3.33 4.04
27 September 2004 2.59 3.29 4.01
28 September 2004 2.55 3.28 4.02
29 September 2004 2.61 3.37 4.10
30 September 2004 2.63 3.38 4.14
1 October 2004 2.63 3.44 4.21
4 October 2004 2.65 3.44 4.19
5 October 2004 2.65 3.44 4.18
6 October 2004 2.70 3.51 4.23
7 October 2004 2.72 3.53 4.26
8 October 2004 2.61 3.39 4.15
11 October 2004 ND ND ND
12 October 2004 2.56 3.35 4.12
13 October 2004 2.53 3.32 4.09
14 October 2004 2.48 3.26 4.03
15 October 2004 2.53 3.31 4.07
18 October 2004 2.55 3.31 4.07
19 October 2004 2.57 3.32 4.07
20 October 2004 2.53 3.26 4.01
21 October 2004 2.57 3.29 4.01
22 October 2004 2.55 3.26 4.00
25 October 2004 2.54 3.25 3.99
26 October 2004 2.54 3.26 4.01
27 October 2004 2.63 3.37 4.11
28 October 2004 2.59 3.34 4.09
29 October 2004 2.56 3.30 4.05
1 November 2004 2.61 3.36 4.11
2 November 2004 2.60 3.34 4.10
3 November 2004 2.60 3.35 4.09
4 November 2004 2.63 3.37 4.10
5 November 2004 2.80 3.51 4.21
8 November 2004 2.80 3.51 4.22
9 November 2004 2.80 3.53 4.22
10 November 2004 2.82 3.56 4.25
11 November 2004 ND ND ND
12 November 2004 2.86 3.53 4.20
15 November 2004 2.89 3.53 4.20
16 November 2004 2.91 3.56 4.21
17 November 2004 2.85 3.47 4.14
18 November 2004 2.86 3.48 4.12
19 November 2004 2.95 3.57 4.20
22 November 2004 2.95 3.56 4.18
23 November 2004 2.98 3.58 4.19
24 November 2004 3.01 3.61 4.20
25 November 2004 ND ND ND
26 November 2004 3.03 3.64 4.24
29 November 2004 3.07 3.72 4.34
30 November 2004 3.02 3.72 4.36
1 December 2004 3.01 3.72 4.38
2 December 2004 3.04 3.75 4.40
3 December 2004 2.94 3.61 4.27
6 December 2004 2.93 3.59 4.24
7 December 2004 2.95 3.60 4.23
8 December 2004 2.91 3.53 4.14
9 December 2004 2.93 3.54 4.19
10 December 2004 2.95 3.52 4.16
13 December 2004 2.98 3.54 4.16
14 December 2004 2.99 3.53 4.14
15 December 2004 2.97 3.48 4.09
16 December 2004 3.01 3.58 4.19
17 December 2004 3.03 3.59 4.21
20 December 2004 3.06 3.59 4.21
21 December 2004 3.05 3.57 4.18
22 December 2004 3.04 3.57 4.21
23 December 2004 3.02 3.58 4.23
24 December 2004 ND ND ND
27 December 2004 3.07 3.65 4.30
28 December 2004 3.08 3.66 4.31
29 December 2004 3.12 3.69 4.33
30 December 2004 3.10 3.64 4.27
31 December 2004 3.08 3.63 4.24
3 January 2005 3.10 3.64 4.23
4 January 2005 3.20 3.72 4.29
5 January 2005 3.22 3.73 4.29
6 January 2005 3.18 3.71 4.29
7 January 2005 3.20 3.73 4.29
10 January 2005 3.23 3.75 4.29
11 January 2005 3.24 3.73 4.26
12 January 2005 3.22 3.72 4.25
13 January 2005 3.21 3.68 4.20
14 January 2005 3.24 3.71 4.23
17 January 2005 ND ND ND
18 January 2005 3.26 3.72 4.21
19 January 2005 3.26 3.73 4.20
20 January 2005 3.21 3.68 4.17
21 January 2005 3.16 3.65 4.16
24 January 2005 3.20 3.65 4.14
25 January 2005 3.23 3.71 4.20
26 January 2005 3.27 3.73 4.21
27 January 2005 3.28 3.75 4.22
28 January 2005 3.25 3.69 4.16
31 January 2005 3.29 3.71 4.14
1 February 2005 3.29 3.71 4.15
2 February 2005 3.32 3.73 4.15
3 February 2005 3.34 3.76 4.18
4 February 2005 3.29 3.68 4.09
7 February 2005 3.31 3.67 4.07
8 February 2005 3.33 3.68 4.05
9 February 2005 3.24 3.58 4.00
10 February 2005 3.29 3.65 4.07
11 February 2005 3.34 3.70 4.10
14 February 2005 3.38 3.70 4.08
15 February 2005 3.37 3.71 4.10
16 February 2005 3.41 3.78 4.16
17 February 2005 3.38 3.78 4.19
18 February 2005 3.45 3.86 4.27
21 February 2005 ND ND ND
22 February 2005 3.46 3.88 4.29
23 February 2005 3.46 3.87 4.27
24 February 2005 3.52 3.91 4.29
25 February 2005 3.54 3.91 4.27
28 February 2005 3.59 4.00 4.36
1 March 2005 3.59 4.02 4.38
2 March 2005 3.57 4.00 4.38
3 March 2005 3.59 4.02 4.39
4 March 2005 3.57 3.97 4.32
7 March 2005 3.61 3.99 4.31
8 March 2005 3.62 4.05 4.38
9 March 2005 3.66 4.16 4.52
10 March 2005 3.68 4.13 4.48
11 March 2005 3.73 4.22 4.56
14 March 2005 3.75 4.20 4.52
15 March 2005 3.75 4.22 4.54
16 March 2005 3.72 4.18 4.52
17 March 2005 3.70 4.14 4.47
18 March 2005 3.72 4.18 4.51
21 March 2005 3.72 4.18 4.53
22 March 2005 3.86 4.31 4.63
23 March 2005 3.84 4.30 4.61
24 March 2005 3.88 4.30 4.60
25 March 2005 ND ND ND
28 March 2005 3.90 4.33 4.64
29 March 2005 3.87 4.30 4.60
30 March 2005 3.86 4.26 4.56
31 March 2005 3.80 4.18 4.50
1 April 2005 3.75 4.13 4.46
4 April 2005 3.74 4.13 4.47
5 April 2005 3.75 4.15 4.48
6 April 2005 3.70 4.09 4.44
7 April 2005 3.72 4.13 4.49
8 April 2005 3.77 4.17 4.50
11 April 2005 3.75 4.13 4.45
12 April 2005 3.71 4.05 4.38
13 April 2005 3.66 4.03 4.38
14 April 2005 3.60 3.99 4.37
15 April 2005 3.54 3.90 4.27
18 April 2005 3.55 3.90 4.27
19 April 2005 3.50 3.85 4.21
20 April 2005 3.52 3.86 4.22
21 April 2005 3.65 3.97 4.32
22 April 2005 3.62 3.92 4.26
25 April 2005 3.64 3.94 4.26
26 April 2005 3.67 3.96 4.28
27 April 2005 3.64 3.92 4.25
28 April 2005 3.59 3.85 4.19
29 April 2005 3.66 3.90 4.21
2 May 2005 3.64 3.88 4.21
3 May 2005 3.68 3.90 4.21
4 May 2005 3.63 3.87 4.20
5 May 2005 3.58 3.82 4.19
6 May 2005 3.73 3.95 4.28
9 May 2005 3.76 3.99 4.29
10 May 2005 3.69 3.93 4.23
11 May 2005 3.68 3.91 4.21
12 May 2005 3.66 3.87 4.18
13 May 2005 3.61 3.83 4.12
16 May 2005 3.61 3.83 4.13
17 May 2005 3.61 3.82 4.12
18 May 2005 3.56 3.77 4.07
19 May 2005 3.64 3.84 4.11
20 May 2005 3.69 3.88 4.13
23 May 2005 3.65 3.83 4.07
24 May 2005 3.61 3.78 4.04
25 May 2005 3.61 3.81 4.08
26 May 2005 3.64 3.82 4.08
27 May 2005 3.64 3.82 4.08
30 May 2005 ND ND ND
31 May 2005 3.60 3.76 4.00
1 June 2005 3.50 3.63 3.91
2 June 2005 3.52 3.65 3.89
3 June 2005 3.57 3.73 3.98
6 June 2005 3.59 3.73 3.96
7 June 2005 3.57 3.70 3.92
8 June 2005 3.60 3.73 3.95
9 June 2005 3.64 3.76 3.98
10 June 2005 3.71 3.84 4.05
13 June 2005 3.71 3.87 4.09
14 June 2005 3.71 3.89 4.13
15 June 2005 3.72 3.90 4.12
16 June 2005 3.70 3.87 4.09
17 June 2005 3.72 3.88 4.09
20 June 2005 3.72 3.88 4.11
21 June 2005 3.71 3.84 4.06
22 June 2005 3.62 3.72 3.95
23 June 2005 3.63 3.74 3.96
24 June 2005 3.59 3.69 3.92
27 June 2005 3.60 3.69 3.90
28 June 2005 3.65 3.76 3.97
29 June 2005 3.65 3.77 3.99
30 June 2005 3.66 3.72 3.94
1 July 2005 3.76 3.84 4.06
4 July 2005 ND ND ND
5 July 2005 3.79 3.90 4.11
6 July 2005 3.77 3.86 4.08
7 July 2005 3.71 3.83 4.05
8 July 2005 3.78 3.89 4.11
11 July 2005 3.81 3.91 4.11
12 July 2005 3.82 3.94 4.15
13 July 2005 3.84 3.96 4.17
14 July 2005 3.86 3.98 4.19
15 July 2005 3.86 3.98 4.18
18 July 2005 3.89 4.01 4.22
19 July 2005 3.88 3.99 4.20
20 July 2005 3.90 3.99 4.17
21 July 2005 3.96 4.09 4.28
22 July 2005 3.92 4.04 4.23
25 July 2005 3.95 4.06 4.25
26 July 2005 3.95 4.06 4.24
27 July 2005 3.99 4.09 4.27
28 July 2005 3.96 4.04 4.20
29 July 2005 4.02 4.12 4.28
1 August 2005 4.04 4.16 4.32
2 August 2005 4.06 4.17 4.34
3 August 2005 4.02 4.13 4.30
4 August 2005 4.04 4.15 4.32
5 August 2005 4.11 4.24 4.40
8 August 2005 4.16 4.28 4.42
9 August 2005 4.13 4.25 4.41
10 August 2005 4.13 4.24 4.40
11 August 2005 4.10 4.18 4.32
12 August 2005 4.05 4.11 4.24
15 August 2005 4.08 4.15 4.27
16 August 2005 4.03 4.10 4.23
17 August 2005 4.07 4.15 4.28
18 August 2005 4.01 4.08 4.21
19 August 2005 4.03 4.08 4.21
22 August 2005 4.03 4.08 4.22
23 August 2005 4.01 4.07 4.20
24 August 2005 3.99 4.06 4.19
25 August 2005 4.00 4.06 4.18
26 August 2005 4.06 4.09 4.20
29 August 2005 4.06 4.08 4.20
30 August 2005 3.97 4.03 4.16
31 August 2005 3.84 3.87 4.02
1 September 2005 3.72 3.85 4.02
2 September 2005 3.75 3.85 4.03
5 September 2005 ND ND ND
6 September 2005 3.80 3.89 4.09
7 September 2005 3.87 3.93 4.15
8 September 2005 3.87 3.94 4.15
9 September 2005 3.88 3.94 4.14
12 September 2005 3.92 3.98 4.18
13 September 2005 3.88 3.93 4.14
14 September 2005 3.90 3.96 4.17
15 September 2005 3.90 3.99 4.22
16 September 2005 3.97 4.05 4.26
19 September 2005 3.93 4.02 4.25
20 September 2005 4.00 4.06 4.26
21 September 2005 3.96 4.01 4.19
22 September 2005 3.95 3.99 4.19
23 September 2005 4.02 4.07 4.25
26 September 2005 4.07 4.11 4.30
27 September 2005 4.08 4.13 4.30
28 September 2005 4.09 4.11 4.26
29 September 2005 4.13 4.14 4.29
30 September 2005 4.18 4.18 4.34
3 October 2005 4.21 4.25 4.39
4 October 2005 4.22 4.24 4.38
5 October 2005 4.21 4.23 4.36
6 October 2005 4.20 4.23 4.37
7 October 2005 4.18 4.23 4.35
10 October 2005 ND ND ND
11 October 2005 4.22 4.27 4.39
12 October 2005 4.24 4.32 4.45
13 October 2005 4.24 4.32 4.48
14 October 2005 4.27 4.34 4.48
17 October 2005 4.29 4.36 4.50
18 October 2005 4.27 4.34 4.49
19 October 2005 4.25 4.32 4.47
20 October 2005 4.27 4.33 4.46
21 October 2005 4.22 4.26 4.39
24 October 2005 4.25 4.32 4.45
25 October 2005 4.34 4.41 4.54
26 October 2005 4.38 4.46 4.60
27 October 2005 4.36 4.43 4.57
28 October 2005 4.40 4.46 4.58
31 October 2005 4.40 4.45 4.57
1 November 2005 4.42 4.47 4.58
2 November 2005 4.43 4.50 4.61
3 November 2005 4.47 4.55 4.65
4 November 2005 4.47 4.56 4.66
7 November 2005 4.47 4.55 4.65
8 November 2005 4.43 4.49 4.57
9 November 2005 4.49 4.55 4.64
10 November 2005 4.44 4.49 4.55
11 November 2005 ND ND ND
14 November 2005 4.50 4.54 4.61
15 November 2005 4.47 4.51 4.56
16 November 2005 4.42 4.43 4.49
17 November 2005 4.37 4.39 4.46
18 November 2005 4.40 4.43 4.50
21 November 2005 4.39 4.39 4.46
22 November 2005 4.32 4.34 4.43
23 November 2005 4.36 4.38 4.47
24 November 2005 ND ND ND
25 November 2005 4.33 4.34 4.43
28 November 2005 4.33 4.32 4.41
29 November 2005 4.40 4.40 4.48
30 November 2005 4.42 4.42 4.49
1 December 2005 4.45 4.45 4.52
2 December 2005 4.43 4.45 4.52
5 December 2005 4.47 4.50 4.57
6 December 2005 4.42 4.42 4.49
7 December 2005 4.42 4.43 4.52
8 December 2005 4.37 4.36 4.47
9 December 2005 4.43 4.44 4.54
12 December 2005 4.45 4.46 4.56
13 December 2005 4.43 4.44 4.54
14 December 2005 4.37 4.36 4.45
15 December 2005 4.37 4.38 4.47
16 December 2005 4.37 4.36 4.45
19 December 2005 4.38 4.37 4.45
20 December 2005 4.42 4.40 4.47
21 December 2005 4.43 4.42 4.49
22 December 2005 4.40 4.38 4.44
23 December 2005 4.37 4.32 4.38
26 December 2005 ND ND ND
27 December 2005 4.35 4.30 4.34
28 December 2005 4.37 4.32 4.38
29 December 2005 4.38 4.33 4.37
30 December 2005 4.41 4.35 4.39
2 January 2006 ND ND ND
3 January 2006 4.34 4.30 4.37
4 January 2006 4.31 4.28 4.36
5 January 2006 4.32 4.29 4.36
6 January 2006 4.36 4.32 4.38
9 January 2006 4.36 4.32 4.38
10 January 2006 4.41 4.36 4.43
11 January 2006 4.44 4.39 4.46
12 January 2006 4.39 4.35 4.42
13 January 2006 4.34 4.28 4.36
16 January 2006 ND ND ND
17 January 2006 4.33 4.27 4.34
18 January 2006 4.33 4.28 4.34
19 January 2006 4.37 4.31 4.38
20 January 2006 4.37 4.31 4.37
23 January 2006 4.35 4.30 4.36
24 January 2006 4.37 4.32 4.40
25 January 2006 4.46 4.41 4.49
26 January 2006 4.49 4.44 4.53
27 January 2006 4.51 4.45 4.52
30 January 2006 4.52 4.46 4.54
31 January 2006 4.54 4.47 4.53
1 February 2006 4.59 4.51 4.57
2 February 2006 4.59 4.51 4.57
3 February 2006 4.59 4.50 4.54
6 February 2006 4.62 4.51 4.55
7 February 2006 4.61 4.52 4.57
8 February 2006 4.64 4.55 4.56
9 February 2006 4.66 4.55 4.54
10 February 2006 4.69 4.59 4.59
13 February 2006 4.68 4.58 4.58
14 February 2006 4.69 4.61 4.62
15 February 2006 4.71 4.60 4.61
16 February 2006 4.69 4.59 4.59
17 February 2006 4.66 4.55 4.54
20 February 2006 ND ND ND
21 February 2006 4.71 4.59 4.57
22 February 2006 4.68 4.57 4.53
23 February 2006 4.72 4.63 4.56
24 February 2006 4.74 4.64 4.58
27 February 2006 4.74 4.66 4.59
28 February 2006 4.69 4.61 4.55
1 March 2006 4.71 4.63 4.59
2 March 2006 4.72 4.68 4.64
3 March 2006 4.76 4.71 4.68
6 March 2006 4.77 4.76 4.74
7 March 2006 4.77 4.76 4.74
8 March 2006 4.72 4.75 4.73
9 March 2006 4.72 4.75 4.74
10 March 2006 4.74 4.77 4.76
13 March 2006 4.74 4.78 4.77
14 March 2006 4.66 4.68 4.71
15 March 2006 4.69 4.69 4.73
16 March 2006 4.62 4.60 4.65
17 March 2006 4.65 4.62 4.68
20 March 2006 4.65 4.61 4.66
21 March 2006 4.72 4.68 4.71
22 March 2006 4.74 4.69 4.70
23 March 2006 4.77 4.73 4.73
24 March 2006 4.72 4.66 4.67
27 March 2006 4.72 4.69 4.70
28 March 2006 4.81 4.79 4.79
29 March 2006 4.82 4.79 4.81
30 March 2006 4.84 4.83 4.86
31 March 2006 4.82 4.82 4.86
3 April 2006 4.86 4.85 4.88
4 April 2006 4.84 4.82 4.87
5 April 2006 4.81 4.79 4.84
6 April 2006 4.84 4.84 4.90
7 April 2006 4.89 4.89 4.97
10 April 2006 4.89 4.89 4.97
11 April 2006 4.88 4.86 4.93
12 April 2006 4.91 4.91 4.98
13 April 2006 4.96 4.97 5.05
14 April 2006 ND ND ND
17 April 2006 4.91 4.93 5.01
18 April 2006 4.84 4.87 4.99
19 April 2006 4.86 4.91 5.04
20 April 2006 4.89 4.92 5.04
21 April 2006 4.90 4.92 5.01
24 April 2006 4.89 4.90 4.99
25 April 2006 4.95 4.98 5.07
26 April 2006 4.99 5.02 5.12
27 April 2006 4.91 4.95 5.09
28 April 2006 4.87 4.92 5.07
1 May 2006 4.94 4.99 5.14
2 May 2006 4.92 4.98 5.12
3 May 2006 4.94 5.01 5.15
4 May 2006 4.97 5.03 5.16
5 May 2006 4.94 4.99 5.12
8 May 2006 4.97 5.01 5.12
9 May 2006 4.97 5.01 5.13
10 May 2006 5.01 5.03 5.13
11 May 2006 4.99 5.04 5.14
12 May 2006 5.01 5.08 5.19
15 May 2006 4.99 5.04 5.15
16 May 2006 4.96 4.99 5.10
17 May 2006 4.97 5.03 5.16
18 May 2006 4.94 4.96 5.08
19 May 2006 4.96 4.96 5.05
22 May 2006 4.94 4.94 5.04
23 May 2006 4.97 4.98 5.07
24 May 2006 4.94 4.93 5.03
25 May 2006 4.98 4.97 5.07
26 May 2006 4.96 4.95 5.06
29 May 2006 ND ND ND
30 May 2006 4.99 4.99 5.09
31 May 2006 5.04 5.04 5.12
1 June 2006 5.04 5.03 5.11
2 June 2006 4.92 4.90 5.00
5 June 2006 4.99 4.95 5.02
6 June 2006 4.99 4.95 5.01
7 June 2006 5.02 4.97 5.02
8 June 2006 5.01 4.95 5.00
9 June 2006 5.01 4.95 4.98
12 June 2006 5.02 4.95 4.99
13 June 2006 5.02 4.93 4.97
14 June 2006 5.11 5.03 5.05
15 June 2006 5.14 5.08 5.10
16 June 2006 5.16 5.10 5.13
19 June 2006 5.19 5.12 5.14
20 June 2006 5.19 5.13 5.15
21 June 2006 5.20 5.14 5.16
22 June 2006 5.23 5.18 5.20
23 June 2006 5.27 5.21 5.23
26 June 2006 5.27 5.22 5.25
27 June 2006 5.24 5.19 5.21
28 June 2006 5.29 5.23 5.25
29 June 2006 5.21 5.17 5.22
30 June 2006 5.16 5.10 5.15
3 July 2006 5.17 5.11 5.15
4 July 2006 ND ND ND
5 July 2006 5.24 5.19 5.23
6 July 2006 5.22 5.15 5.19
7 July 2006 5.17 5.10 5.14
10 July 2006 5.17 5.10 5.13
11 July 2006 5.17 5.07 5.10
12 July 2006 5.17 5.08 5.10
13 July 2006 5.12 5.04 5.08
14 July 2006 5.08 5.02 5.07
17 July 2006 5.12 5.04 5.07
18 July 2006 5.19 5.10 5.13
19 July 2006 5.12 5.02 5.06
20 July 2006 5.06 4.98 5.03
21 July 2006 5.08 4.99 5.05
24 July 2006 5.10 4.99 5.05
25 July 2006 5.11 5.02 5.07
26 July 2006 5.06 4.99 5.04
27 July 2006 5.07 4.98 5.07
28 July 2006 4.98 4.92 5.00
31 July 2006 4.97 4.91 4.99
1 August 2006 4.97 4.90 4.99
2 August 2006 4.97 4.88 4.96
3 August 2006 4.98 4.90 4.96
4 August 2006 4.91 4.84 4.91
7 August 2006 4.96 4.86 4.93
8 August 2006 4.91 4.85 4.93
9 August 2006 4.91 4.86 4.92
10 August 2006 4.93 4.86 4.93
11 August 2006 4.96 4.91 4.97
14 August 2006 5.01 4.95 5.00
15 August 2006 4.94 4.88 4.93
16 August 2006 4.87 4.81 4.87
17 August 2006 4.89 4.82 4.87
18 August 2006 4.87 4.78 4.84
21 August 2006 4.85 4.77 4.82
22 August 2006 4.87 4.77 4.82
23 August 2006 4.87 4.77 4.82
24 August 2006 4.88 4.78 4.81
25 August 2006 4.86 4.76 4.79
28 August 2006 4.88 4.77 4.80
29 August 2006 4.87 4.77 4.79
30 August 2006 4.83 4.72 4.76
31 August 2006 4.79 4.70 4.74
1 September 2006 4.77 4.68 4.73
4 September 2006 ND ND ND
5 September 2006 4.80 4.73 4.78
6 September 2006 4.82 4.75 4.80
7 September 2006 4.82 4.74 4.80
8 September 2006 4.80 4.71 4.78
11 September 2006 4.83 4.74 4.80
12 September 2006 4.82 4.71 4.78
13 September 2006 4.80 4.70 4.77
14 September 2006 4.83 4.74 4.79
15 September 2006 4.87 4.76 4.80
18 September 2006 4.88 4.77 4.81
19 September 2006 4.79 4.69 4.74
20 September 2006 4.81 4.70 4.73
21 September 2006 4.71 4.60 4.65
22 September 2006 4.67 4.55 4.60
25 September 2006 4.63 4.51 4.56
26 September 2006 4.68 4.55 4.59
27 September 2006 4.66 4.56 4.60
28 September 2006 4.68 4.57 4.63
29 September 2006 4.71 4.59 4.64
2 October 2006 4.66 4.56 4.62
3 October 2006 4.67 4.56 4.62
4 October 2006 4.60 4.50 4.57
5 October 2006 4.65 4.55 4.61
6 October 2006 4.74 4.64 4.70
9 October 2006 ND ND ND
10 October 2006 4.82 4.71 4.75
11 October 2006 4.85 4.75 4.78
12 October 2006 4.85 4.74 4.79
13 October 2006 4.87 4.77 4.81
16 October 2006 4.85 4.76 4.79
17 October 2006 4.83 4.73 4.78
18 October 2006 4.85 4.74 4.77
19 October 2006 4.85 4.75 4.79
20 October 2006 4.87 4.76 4.79
23 October 2006 4.90 4.80 4.83
24 October 2006 4.91 4.81 4.83
25 October 2006 4.88 4.75 4.78
26 October 2006 4.81 4.69 4.73
27 October 2006 4.76 4.64 4.68
30 October 2006 4.78 4.64 4.68
31 October 2006 4.71 4.57 4.61
1 November 2006 4.66 4.52 4.57
2 November 2006 4.67 4.55 4.60
3 November 2006 4.82 4.70 4.72
6 November 2006 4.82 4.69 4.71
7 November 2006 4.77 4.63 4.66
8 November 2006 4.75 4.61 4.64
9 November 2006 4.75 4.60 4.62
10 November 2006 4.73 4.57 4.59
13 November 2006 4.76 4.60 4.61
14 November 2006 4.74 4.57 4.57
15 November 2006 4.80 4.62 4.61
16 November 2006 4.85 4.67 4.66
17 November 2006 4.76 4.60 4.61
20 November 2006 4.76 4.60 4.60
21 November 2006 4.75 4.58 4.58
22 November 2006 4.74 4.57 4.57
23 November 2006 ND ND ND
24 November 2006 4.73 4.55 4.55
27 November 2006 4.71 4.54 4.54
28 November 2006 4.67 4.50 4.51
29 November 2006 4.69 4.51 4.52
30 November 2006 4.62 4.45 4.46
1 December 2006 4.52 4.39 4.43
4 December 2006 4.52 4.39 4.43
5 December 2006 4.52 4.39 4.45
6 December 2006 4.59 4.44 4.48
7 December 2006 4.58 4.45 4.49
8 December 2006 4.68 4.53 4.56
11 December 2006 4.67 4.50 4.52
12 December 2006 4.61 4.45 4.49
13 December 2006 4.70 4.54 4.58
14 December 2006 4.73 4.58 4.60
15 December 2006 4.73 4.57 4.60
18 December 2006 4.71 4.57 4.60
19 December 2006 4.71 4.57 4.60
20 December 2006 4.71 4.57 4.60
21 December 2006 4.66 4.52 4.55
22 December 2006 4.71 4.59 4.63
25 December 2006 ND ND ND
26 December 2006 4.71 4.58 4.61
27 December 2006 4.77 4.64 4.66
28 December 2006 4.82 4.69 4.70
29 December 2006 4.82 4.70 4.71
1 January 2007 ND ND ND
2 January 2007 4.80 4.68 4.68
3 January 2007 4.76 4.66 4.67
4 January 2007 4.71 4.61 4.62
5 January 2007 4.76 4.65 4.65
8 January 2007 4.78 4.66 4.66
9 January 2007 4.79 4.65 4.66
10 January 2007 4.81 4.68 4.69
11 January 2007 4.86 4.73 4.74
12 January 2007 4.88 4.76 4.77
15 January 2007 ND ND ND
16 January 2007 4.86 4.74 4.75
17 January 2007 4.91 4.78 4.79
18 January 2007 4.89 4.75 4.75
19 January 2007 4.93 4.78 4.78
22 January 2007 4.91 4.77 4.76
23 January 2007 4.94 4.81 4.81
24 January 2007 4.93 4.81 4.81
25 January 2007 4.98 4.85 4.87
26 January 2007 4.99 4.87 4.88
29 January 2007 4.99 4.89 4.90
30 January 2007 4.98 4.86 4.88
31 January 2007 4.94 4.82 4.83
1 February 2007 4.96 4.84 4.84
2 February 2007 4.94 4.82 4.83
5 February 2007 4.92 4.80 4.81
6 February 2007 4.90 4.76 4.77
7 February 2007 4.87 4.74 4.74
8 February 2007 4.87 4.73 4.73
9 February 2007 4.92 4.78 4.79
12 February 2007 4.94 4.80 4.80
13 February 2007 4.95 4.81 4.82
14 February 2007 4.87 4.72 4.74
15 February 2007 4.83 4.68 4.70
16 February 2007 4.83 4.68 4.69
19 February 2007 ND ND ND
20 February 2007 4.81 4.67 4.68
21 February 2007 4.82 4.68 4.69
22 February 2007 4.87 4.72 4.73
23 February 2007 4.82 4.67 4.68
26 February 2007 4.77 4.62 4.63
27 February 2007 4.59 4.46 4.50
28 February 2007 4.65 4.52 4.56
1 March 2007 4.63 4.50 4.56
2 March 2007 4.56 4.46 4.52
5 March 2007 4.53 4.45 4.51
6 March 2007 4.58 4.48 4.53
7 March 2007 4.54 4.45 4.50
8 March 2007 4.56 4.45 4.51
9 March 2007 4.66 4.55 4.59
12 March 2007 4.62 4.50 4.56
13 March 2007 4.52 4.41 4.50
14 March 2007 4.54 4.44 4.53
15 March 2007 4.57 4.46 4.54
16 March 2007 4.58 4.47 4.55
19 March 2007 4.61 4.50 4.58
20 March 2007 4.60 4.47 4.56
21 March 2007 4.51 4.43 4.53
22 March 2007 4.58 4.49 4.60
23 March 2007 4.60 4.52 4.62
26 March 2007 4.56 4.48 4.60
27 March 2007 4.58 4.50 4.62
28 March 2007 4.53 4.50 4.62
29 March 2007 4.58 4.53 4.64
30 March 2007 4.58 4.54 4.65
2 April 2007 4.60 4.54 4.65
3 April 2007 4.63 4.56 4.67
4 April 2007 4.61 4.55 4.66
5 April 2007 4.63 4.57 4.68
6 April 2007 4.75 4.67 4.76
9 April 2007 4.73 4.66 4.75
10 April 2007 4.71 4.63 4.73
11 April 2007 4.73 4.66 4.74
12 April 2007 4.73 4.66 4.74
13 April 2007 4.76 4.68 4.76
16 April 2007 4.74 4.67 4.74
17 April 2007 4.68 4.61 4.69
18 April 2007 4.64 4.56 4.66
19 April 2007 4.64 4.57 4.68
20 April 2007 4.64 4.57 4.68
23 April 2007 4.62 4.55 4.66
24 April 2007 4.58 4.51 4.63
25 April 2007 4.63 4.55 4.66
26 April 2007 4.67 4.59 4.69
27 April 2007 4.67 4.59 4.71
30 April 2007 4.60 4.51 4.63
1 May 2007 4.63 4.54 4.64
2 May 2007 4.65 4.55 4.65
3 May 2007 4.71 4.59 4.68
4 May 2007 4.68 4.55 4.65
7 May 2007 4.68 4.55 4.64
8 May 2007 4.68 4.54 4.63
9 May 2007 4.73 4.58 4.67
10 May 2007 4.70 4.56 4.65
11 May 2007 4.71 4.58 4.67
14 May 2007 4.73 4.61 4.69
15 May 2007 4.75 4.63 4.71
16 May 2007 4.73 4.62 4.71
17 May 2007 4.78 4.68 4.76
18 May 2007 4.82 4.74 4.81
21 May 2007 4.81 4.71 4.79
22 May 2007 4.83 4.76 4.83
23 May 2007 4.85 4.79 4.86
24 May 2007 4.85 4.79 4.86
25 May 2007 4.85 4.80 4.86
28 May 2007 ND ND ND
29 May 2007 4.88 4.82 4.88
30 May 2007 4.89 4.83 4.88
31 May 2007 4.92 4.86 4.90
1 June 2007 4.97 4.92 4.95
4 June 2007 4.97 4.91 4.93
5 June 2007 4.99 4.96 4.98
6 June 2007 4.97 4.94 4.97
7 June 2007 5.03 5.05 5.11
8 June 2007 5.01 5.06 5.12
11 June 2007 5.01 5.07 5.14
12 June 2007 5.08 5.18 5.26
13 June 2007 5.08 5.13 5.20
14 June 2007 5.10 5.16 5.23
15 June 2007 5.05 5.10 5.16
18 June 2007 5.01 5.07 5.15
19 June 2007 4.94 5.00 5.09
20 June 2007 4.97 5.05 5.14
21 June 2007 4.98 5.06 5.16
22 June 2007 4.92 5.02 5.14
25 June 2007 4.87 4.97 5.09
26 June 2007 4.90 4.99 5.10
27 June 2007 4.91 4.97 5.09
28 June 2007 4.96 5.02 5.12
29 June 2007 4.87 4.92 5.03
2 July 2007 4.86 4.90 5.00
3 July 2007 4.89 4.95 5.05
4 July 2007 ND ND ND
5 July 2007 4.99 5.05 5.16
6 July 2007 4.99 5.10 5.19
9 July 2007 4.97 5.07 5.16
10 July 2007 4.85 4.93 5.03
11 July 2007 4.89 4.98 5.09
12 July 2007 4.94 5.03 5.13
13 July 2007 4.94 5.01 5.11
16 July 2007 4.89 4.95 5.05
17 July 2007 4.91 4.98 5.08
18 July 2007 4.84 4.91 5.02
19 July 2007 4.87 4.94 5.04
20 July 2007 4.79 4.85 4.96
23 July 2007 4.80 4.86 4.97
24 July 2007 4.77 4.82 4.94
25 July 2007 4.74 4.80 4.92
26 July 2007 4.56 4.61 4.79
27 July 2007 4.56 4.60 4.80
30 July 2007 4.59 4.64 4.82
31 July 2007 4.56 4.60 4.78
1 August 2007 4.56 4.60 4.76
2 August 2007 4.59 4.62 4.77
3 August 2007 4.46 4.52 4.71
6 August 2007 4.46 4.52 4.72
7 August 2007 4.56 4.60 4.77
8 August 2007 4.64 4.69 4.84
9 August 2007 4.49 4.58 4.79
10 August 2007 4.47 4.59 4.81
13 August 2007 4.46 4.57 4.78
14 August 2007 4.39 4.51 4.73
15 August 2007 4.27 4.41 4.69
16 August 2007 4.08 4.26 4.60
17 August 2007 4.18 4.35 4.68
20 August 2007 4.11 4.32 4.64
21 August 2007 4.05 4.27 4.60
22 August 2007 4.15 4.34 4.63
23 August 2007 4.20 4.36 4.62
24 August 2007 4.30 4.42 4.63
27 August 2007 4.28 4.39 4.60
28 August 2007 4.13 4.25 4.53
29 August 2007 4.14 4.31 4.57
30 August 2007 4.08 4.21 4.51
31 August 2007 4.15 4.25 4.54
3 September 2007 ND ND ND
4 September 2007 4.13 4.26 4.56
5 September 2007 4.03 4.16 4.48
6 September 2007 4.08 4.20 4.51
7 September 2007 3.90 4.03 4.38
10 September 2007 3.87 4.00 4.34
11 September 2007 3.95 4.07 4.37
12 September 2007 3.95 4.11 4.41
13 September 2007 4.08 4.22 4.49
14 September 2007 4.05 4.18 4.47
17 September 2007 4.08 4.21 4.48
18 September 2007 4.00 4.19 4.50
19 September 2007 4.00 4.20 4.53
20 September 2007 4.10 4.35 4.69
21 September 2007 4.06 4.31 4.64
24 September 2007 4.05 4.31 4.63
25 September 2007 4.00 4.26 4.63
26 September 2007 3.97 4.27 4.63
27 September 2007 3.95 4.22 4.58
28 September 2007 3.97 4.23 4.59
1 October 2007 4.02 4.24 4.56
2 October 2007 3.98 4.20 4.54
3 October 2007 4.02 4.24 4.55
4 October 2007 4.00 4.22 4.54
5 October 2007 4.08 4.33 4.65
8 October 2007 ND ND ND
9 October 2007 4.15 4.38 4.67
10 October 2007 4.15 4.37 4.65
11 October 2007 4.13 4.36 4.66
12 October 2007 4.23 4.42 4.70
15 October 2007 4.22 4.40 4.69
16 October 2007 4.12 4.34 4.66
17 October 2007 4.00 4.22 4.57
18 October 2007 3.93 4.17 4.52
19 October 2007 3.80 4.03 4.41
22 October 2007 3.85 4.08 4.42
23 October 2007 3.81 4.06 4.41
24 October 2007 3.74 3.99 4.36
25 October 2007 3.74 4.01 4.37
26 October 2007 3.77 4.04 4.41
29 October 2007 3.79 4.04 4.39
30 October 2007 3.82 4.06 4.40
31 October 2007 3.94 4.16 4.48
1 November 2007 3.77 4.02 4.36
2 November 2007 3.66 3.93 4.31
5 November 2007 3.69 3.96 4.35
6 November 2007 3.70 3.99 4.38
7 November 2007 3.61 3.92 4.34
8 November 2007 3.47 3.81 4.28
9 November 2007 3.42 3.77 4.23
12 November 2007 ND ND ND
13 November 2007 3.54 3.84 4.26
14 November 2007 3.57 3.86 4.28
15 November 2007 3.35 3.71 4.17
16 November 2007 3.33 3.68 4.15
19 November 2007 3.18 3.57 4.07
20 November 2007 3.14 3.52 4.06
21 November 2007 2.99 3.40 4.00
22 November 2007 ND ND ND
23 November 2007 3.07 3.42 4.01
26 November 2007 2.92 3.23 3.83
27 November 2007 3.05 3.38 3.95
28 November 2007 3.17 3.50 4.03
29 November 2007 3.06 3.42 3.94
30 November 2007 3.04 3.41 3.97
3 December 2007 2.90 3.28 3.89
4 December 2007 2.90 3.28 3.89
5 December 2007 2.90 3.28 3.92
6 December 2007 3.03 3.39 4.02
7 December 2007 3.12 3.51 4.12
10 December 2007 3.17 3.54 4.15
11 December 2007 2.94 3.32 3.98
12 December 2007 3.07 3.41 4.05
13 December 2007 3.21 3.54 4.18
14 December 2007 3.31 3.63 4.24
17 December 2007 3.24 3.57 4.20
18 December 2007 3.19 3.53 4.14
19 December 2007 3.12 3.46 4.06
20 December 2007 3.09 3.45 4.04
21 December 2007 3.19 3.58 4.18
24 December 2007 3.24 3.65 4.23
25 December 2007 ND ND ND
26 December 2007 3.31 3.72 4.30
27 December 2007 3.24 3.64 4.21
28 December 2007 3.12 3.52 4.11
31 December 2007 3.05 3.45 4.04
1 January 2008 ND ND ND
2 January 2008 2.88 3.28 3.91
3 January 2008 2.83 3.26 3.91
4 January 2008 2.74 3.18 3.88
7 January 2008 2.76 3.16 3.86
8 January 2008 2.76 3.16 3.86
9 January 2008 2.69 3.10 3.82
10 January 2008 2.71 3.16 3.91
11 January 2008 2.59 3.06 3.82
14 January 2008 2.58 3.08 3.81
15 January 2008 2.53 3.00 3.72
16 January 2008 2.51 3.00 3.74
17 January 2008 2.44 2.90 3.66
18 January 2008 2.36 2.86 3.66
21 January 2008 ND ND ND
22 January 2008 2.08 2.64 3.52
23 January 2008 2.09 2.64 3.51
24 January 2008 2.25 2.85 3.68
25 January 2008 2.23 2.81 3.61
28 January 2008 2.20 2.80 3.61
29 January 2008 2.29 2.87 3.69
30 January 2008 2.30 2.96 3.78
31 January 2008 2.17 2.82 3.67
1 February 2008 2.09 2.75 3.62
4 February 2008 2.08 2.78 3.68
5 February 2008 1.93 2.66 3.61
6 February 2008 1.96 2.67 3.61
7 February 2008 1.99 2.79 3.74
8 February 2008 1.93 2.69 3.64
11 February 2008 1.93 2.67 3.62
12 February 2008 1.94 2.71 3.66
13 February 2008 1.91 2.71 3.70
14 February 2008 1.93 2.81 3.85
15 February 2008 1.91 2.76 3.76
18 February 2008 ND ND ND
19 February 2008 2.06 2.93 3.89
20 February 2008 2.14 3.02 3.93
21 February 2008 1.98 2.80 3.77
22 February 2008 1.98 2.81 3.79
25 February 2008 2.13 2.98 3.91
26 February 2008 2.04 2.92 3.88
27 February 2008 2.01 2.89 3.85
28 February 2008 1.87 2.73 3.71
29 February 2008 1.65 2.50 3.53
3 March 2008 1.61 2.48 3.54
4 March 2008 1.65 2.53 3.63
5 March 2008 1.66 2.59 3.70
6 March 2008 1.53 2.50 3.62
7 March 2008 1.53 2.45 3.56
10 March 2008 1.47 2.37 3.46
11 March 2008 1.74 2.61 3.60
12 March 2008 1.63 2.49 3.49
13 March 2008 1.63 2.53 3.56
14 March 2008 1.47 2.37 3.44
17 March 2008 1.35 2.23 3.34
18 March 2008 1.58 2.42 3.48
19 March 2008 1.54 2.36 3.38
20 March 2008 1.59 2.36 3.34
21 March 2008 ND ND ND
24 March 2008 1.84 2.64 3.56
25 March 2008 1.79 2.61 3.51
26 March 2008 1.71 2.55 3.51
27 March 2008 1.73 2.61 3.56
28 March 2008 1.67 2.51 3.47
31 March 2008 1.62 2.46 3.45
1 April 2008 1.80 2.65 3.57
2 April 2008 1.88 2.72 3.60
3 April 2008 1.91 2.75 3.61
4 April 2008 1.83 2.63 3.50
7 April 2008 1.95 2.75 3.57
8 April 2008 1.87 2.72 3.58
9 April 2008 1.77 2.59 3.49
10 April 2008 1.84 2.66 3.55
11 April 2008 1.76 2.57 3.49
14 April 2008 1.78 2.60 3.53
15 April 2008 1.84 2.68 3.60
16 April 2008 1.98 2.82 3.72
17 April 2008 2.13 2.90 3.75
18 April 2008 2.19 2.95 3.77
21 April 2008 2.20 2.95 3.75
22 April 2008 2.24 2.96 3.74
23 April 2008 2.22 2.98 3.77
24 April 2008 2.41 3.15 3.87
25 April 2008 2.44 3.20 3.91
28 April 2008 2.36 3.14 3.86
29 April 2008 2.35 3.11 3.85
30 April 2008 2.29 3.03 3.77
1 May 2008 2.37 3.06 3.78
2 May 2008 2.47 3.18 3.89
5 May 2008 2.42 3.14 3.88
6 May 2008 2.38 3.15 3.93
7 May 2008 2.31 3.09 3.87
8 May 2008 2.25 2.99 3.79
9 May 2008 2.25 2.98 3.77
12 May 2008 2.30 3.00 3.78
13 May 2008 2.47 3.17 3.90
14 May 2008 2.53 3.22 3.92
15 May 2008 2.45 3.10 3.83
16 May 2008 2.47 3.12 3.85
19 May 2008 2.42 3.09 3.83
20 May 2008 2.34 3.02 3.78
21 May 2008 2.41 3.09 3.81
22 May 2008 2.56 3.24 3.92
23 May 2008 2.46 3.15 3.85
26 May 2008 ND ND ND
27 May 2008 2.55 3.25 3.93
28 May 2008 2.62 3.36 4.03
29 May 2008 2.67 3.41 4.08
30 May 2008 2.66 3.41 4.06
2 June 2008 2.51 3.28 3.98
3 June 2008 2.45 3.21 3.92
4 June 2008 2.47 3.26 3.98
5 June 2008 2.52 3.34 4.06
6 June 2008 2.40 3.20 3.94
9 June 2008 2.73 3.41 4.02
10 June 2008 2.91 3.54 4.11
11 June 2008 2.83 3.49 4.10
12 June 2008 3.03 3.68 4.23
13 June 2008 3.05 3.73 4.27
16 June 2008 3.02 3.73 4.25
17 June 2008 2.94 3.66 4.23
18 June 2008 2.89 3.57