Economic Report of the President

One of the most interesting documents produced by the Executive Branch every year is the Economic Report of the President, which comes out up to ten days after submission of the budget (which we talked about here and here).

The report is essentially an annual overview of economic activity and policy from the previous year, as well as a statement of political principles and priorities from the administration. A more specific list of some of the things included, provided by the Government Printing Office, includes:

• Current and foreseeable trends and annual numerical goals concerning topics such as employment, production, real income and Federal budget outlays.
• Employment objectives for significant groups of the labor force.
• Annual numeric goals.
• A program for carrying out program objectives.

The 2010 report was just released yesterday by the Obama Administration, and can be read or downloaded in a variety of formats here. The report provides a wealth of information and data about the nation's economic activity, and is useful for students trying to develop an understanding of the state of the economy and the nature of the economic downturn.

Previous reports, for every year beginning in 1947, are available via the St. Louis Federal Reserve website.