U.S. Anemic GDP Growth Rate Not Good Enough

Economics / US Economy
May 06, 2010 - 06:54 PM

By: Hans_Wagner

In normal times, a 3.2 percent GDP growth rate for the United States is good. In the 1980’s the U.S. suffered another severe recession. During that recovery, GDP grew at a 7 to a 9 percent rate for more than one year. A 3.2 percent GDP annual growth rate barely creates enough jobs to keep up with the expanding population. It does nothing for all those who lost their jobs and are looking for work. The U.S. unemployment rate is 9.7 percent and the underemployment rate, a more accurate measure of the true unemployment situation is running at the 16.5% level.

What can we learn from the Bureau of Economic Analysis (BEA) report on the GDP growth rate that might be helpful to investors?

Jobless growth

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