Results 1 to 1 of 1
Thread Information
Users Browsing this Thread
There are currently 1 users browsing this thread. (0 members and 1 guests)
-
05-07-2010, 12:02 AM #1
- Join Date
- May 2007
- Location
- South West Florida (Behind friendly lines but still in Occupied Territory)
- Posts
- 117,696
U.S. Anemic GDP Jobless Growth Rate Not Good Enough
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
“Okun’s rule of thumbâ€Join our efforts to Secure America's Borders and End Illegal Immigration by Joining ALIPAC's E-Mail Alerts network (CLICK HERE)
Man with alleged ties to ISIS lived in US for two years prior to...
05-03-2024, 07:47 AM in illegal immigration News Stories & Reports