Category: Economic Trends

    Monetary policy
    The daily average effective federal funds rate typically remains close to target. Since the beginning of 2000, the averag…

    Economic activity
    The preliminary estimate showed that real gross domestic product (GDP) advanced at an annual rate of 4.0% during 2002:I…

    Labor markets
    Nonfarm payroll employment gained 143,000 in January. December 2002 losses were revised from 101,000 jobs to 156,000. Payro…

    Foreign central banks
    None of the major central banks has changed its policy setting since the Federal Open Market Committee raised its t…

    Ohio employment
    The seasonally adjusted Mass Layoff Statistics for Ohio showed increases from May to June in both the number of mass layo…