Baseline U.S. Economic Outlook, Summary Table* 1Q'14f 2Q'14f 3Q'14f 4Q'14f
1Q'15f 2Q'15f 3Q'15f 4Q'15f
2013a
2014f
2015f
2016f
Output & Prices Real GDP (Chained 2009 Billions $ ) Percent Change Annualized CPI (1982-84 = 100 ) Percent Change Annualized
16019 2.2 235.1 1.7
16146 3.2 236.3 2.0
16258 2.8 237.5 2.1
16370 2.8 238.7 2.0
16472 2.5 239.9 2.1
16575 2.5 241.2 2.1
16679 2.5 242.4 2.1
16787 2.6 243.7 2.2
15759 1.9 233.0 1.5
16198 2.8 236.9 1.7
16628 2.7 241.8 2.1
17047 2.5 247.1 2.2
Labor Markets Payroll Jobs (Millions ) Percent Change Annualized Unemployment Rate (Percent )
137.8 1.5 6.6
138.4 1.9 6.5
139.0 1.8 6.3
139.6 1.6 6.2
140.1 1.3 6.1
140.5 1.3 6.0
141.0 1.3 5.8
141.5 1.4 5.7
136.4 1.7 7.4
138.7 1.7 6.4
140.8 1.5 5.9
142.6 1.3 5.4
0.07 2.75
0.15 2.85
0.15 3.04
0.15 3.24
0.15 3.39
0.15 3.46
0.15 3.53
0.42 3.60
0.11 2.35
0.13 2.97
0.22 3.50
1.09 3.90
Interest Rates (Percent) Federal Funds Treasury Note, 10-year a = actual
f = forecast
p = preliminary
* Please see the Expanded Table for more forecast series.