Industrial Insight

We need GDP growth in excess of 3% to lower unemployment. | November 11, 2010
October 6, 2010
How GDP Affects the Unemployment Rate

Finally, we find we average dividing line between positive and negative changes in the unemployment rate occurs with a real GDP growth rate of 3.1%. That means in order to make the unemployment rate fall, at least on average, the real rate of GDP growth in the U.S. must be greater than 3.1%.


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I'm the executive vice president for a steel casting trade association, the Steel Founders' Society of America. I've got a crazy wife, five crazy children, three crazy people that married into the family, and two crazy fun little grandsons.







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