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2008 - Budget of the United States Government - Economic Assumptions

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Percent change, year over year3.22.82.72.12.32.32.32.3Unemployment rate, civilian, percent:Fourth quarter level4.54.84.94.84.84.84.84.8Annual average4.64.64.94.94.84.84.84.8Federal pay raises, January, percent:Military 43.12.73.53.4NANANANACivilian 53.12.23.52.9NANANANAInterest rates, percent:91-day Treasury bills 64.74.43.73.84.04.14.14.110-year Treasury notes4.84.74.64.95.15.25.35.3NA = Not Available.1 Based on information available as of November 15, 2007.2 Dividends, rent, interest and proprietors' income components of personal income.3 Seasonally adjusted CPI for all urban consumers.4 Percentages apply to basic pay only; percentages to be proposed for years after 2009 have not yet been determined.5 Overall average increase, including locality pay adjustments. Percentages to be proposed for years after 2009 have not yet been determined.6 Average rate, secondary market (bank discount basis).

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