Surveys of Expectations.

Data was obtained from the Federal Reserve Bank of Philadelphia's Surveys of Professional Forecasters, and the Wall Street Journal's Economic Forecasting Survey. Judgments from the Federal Reserve Bank of Philadelphia about nominal GDP and housing starts concern annual percentage growth in seasonally adjusted values, while judgments about unemployment concern seasonally adjusted workforce percentages. Judgments from the Wall Street Journal also concern annual percentage growth, except for unemployment, which concerns percentages of the workforce. All judgments concern the US macroeconomic system.Surveys of Expectations.