Quarter Percent, Seasonally adjusted 1988-03-31 21.5 1988-06-30 20.4 1988-09-30 21.2 1988-12-31 18.7 1989-03-31 18.1 1989-06-30 18.2 1989-09-30 16.4 1989-12-31 15.8 1990-03-31 14.1 1990-06-30 11.8 1990-09-30 10 1990-12-31 9.4 1991-03-31 7.9 1991-06-30 7 1991-09-30 5.7 1991-12-31 4.4 1992-03-31 3.4 1992-06-30 1.8 1992-09-30 1.4 1992-12-31 0.9 1993-03-31 1.1 1993-06-30 2.6 1993-09-30 3.9 1993-12-31 5.5 1994-03-31 6.6 1994-06-30 8.3 1994-09-30 9.5 1994-12-31 11 1995-03-31 12.4 1995-06-30 12.3 1995-09-30 12.9 1995-12-31 13.7 1996-03-31 13.7 1996-06-30 14.7 1996-09-30 16.3 1996-12-31 16.5 1997-03-31 17.1 1997-06-30 17.5 1997-09-30 15.3 1997-12-31 15.8 1998-03-31 16.5 1998-06-30 16.2 1998-09-30 17.6 1998-12-31 16.6 1999-03-31 16 1999-06-30 15.4 1999-09-30 14.8 1999-12-31 14.6 2000-03-31 14.5 2000-06-30 14.1 2000-09-30 13.1 2000-12-31 12.5 2001-03-31 11.5 2001-06-30 12.1 2001-09-30 12.8 2001-12-31 13.9 2002-03-31 15.2 2002-06-30 15 2002-09-30 15.8 2002-12-31 15.4 2003-03-31 14.6 2003-06-30 14.8 2003-09-30 14.1 2003-12-31 13.5 2004-03-31 13.9 2004-06-30 13.8 2004-09-30 13.9 2004-12-31 14.1 2005-03-31 13.7 2005-06-30 12.6 2005-09-30 11.1 2005-12-31 9.6 2006-03-31 7.8 2006-06-30 6.8 2006-09-30 5.9 2006-12-31 5.7 2007-03-31 4.8 2007-06-30 4.5 2007-09-30 5 2007-12-31 5 2008-03-31 5.7 2008-06-30 5.7 2008-09-30 4.7 2008-12-31 3.6 2009-03-31 2.3 2009-06-30 1.1 2009-09-30 -0.6 2009-12-31 -1.3 2010-03-31 -1.8 2010-06-30 -2.2 2010-09-30 -1.9 2010-12-31 -1.3 2011-03-31 -1.4 2011-06-30 -0.7 2011-09-30 -0.3 2011-12-31 -0.9 2012-03-31 -0.5 2012-06-30 -0.4 2012-09-30 0.1 2012-12-31 1.2 2013-03-31 2.5 2013-06-30 3.3 2013-09-30 4.5 2013-12-31 4.9 2014-03-31 5.4 2014-06-30 5.7 2014-09-30 6.1 2014-12-31 6.6 2015-03-31 7.1 2015-06-30 7.7 2015-09-30 8.1 2015-12-31 8.7 2016-03-31 9.8 2016-06-30 10.2 2016-09-30 10.4 2016-12-31 10.7 2017-03-31 10.2 2017-06-30 10.2 2017-09-30 10.4 2017-12-31 10.3 2018-03-31 9.7 2018-06-30 9.8 2018-09-30 8.8 2018-12-31 7.5 2019-03-31 7.2 2019-06-30 6.2 2019-09-30 6 2019-12-31 6.1 2020-03-31 3.7 2020-06-30 -3.8 2020-09-30 -4.6 2020-12-31 -7.5 2021-03-31 -8.5 2021-06-30 -2 2021-09-30 -1.4 2021-12-31 1.6 2022-03-31 5.1 2022-06-30 6.5 2022-09-30 7.1 2022-12-31 7.3 2023-03-31 7.6 2023-06-30 7.5 2023-09-30 7.9 2023-12-31 8.5