The document provides an overview of national and Virginia economic conditions as of April 2011. It includes data on GDP growth, personal income and spending, inflation, unemployment rates, housing starts, home prices, and other indicators. Specifically, it notes that Q4 2010 GDP growth was 3.1%, the personal saving rate was 5.8%, and core CPI inflation was up 2.1% year-over-year.
2. Q4 3.1 Real Gross Domestic Product Source: Bureau of Economic Analysis/Haver Analytics Percent change from previous quarter at annual rate
3. Real Gross Domestic Product Source: Bureau of Economic Analysis/Haver Analytics
4. Personal Saving Rate Source: Bureau of Economic Analysis/Haver Analytics Percent of disposable personal income Feb. 5.8%
5. Year over Year % Change Real Personal Income Real Personal Consumption Expenditures Feb. Personal Income & Expenditures Source: Bureau of Economic Analysis/Haver Analytics
6. DIFFUSION INDEXES: Numbers above 50 percent indicate a preponderance of expanding firm activity. ISM: Business Survey Indexes Source: Institute for Supply Management/Haver Analytics
10. CoreLogic House Price Indices Source: CoreLogic/Haver Analytics Year over Year % Change Including Distressed Sales Excluding Distressed Sales Februay Incl. Distressed Sales -6.6% Excl. Distressed Sales 0.0%
11. Net Absorptions & Employment Source: Torto Wheaton, Bureau of Labor Statistics, & Haver Analytics Thousands of Employees, Quarterly Averages Millions of Square Feet Changes in Employment (Left Axis) Net Absorptions, Office Buildings (Right Axis) Notes: Office employment is the sum of employment in information, financial activities, and professional and business services.
12. Quarterly average of monthly changes, thousands of persons Q1 Avg. Nonfarm Payroll Employment Source: Bureau of Labor Statistics/Haver Analytics
13. Percent Mar. 8.8% Civilian Unemployment Rate Source: Bureau of Labor Statistics, Board of Governors, Haver Analytics Notes: FOMC forecast is the central tendency for the Q4 levels, from the January 25-26 meeting. FOMC Forecast
14. All Items Core CPI Feb. 2.1% Consumer Price Indexes Year over Year % Change Source: Bureau of Labor Statistics/Haver Analytics 1.1%
15. Current Target Range for Federal Funds Rate Expected Federal Funds Rate Percent Source: Chicago Board of Trade Notes: Derived from Fed funds futures contracts.