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I am a senior at Roanoke College majoring in history. You can learn more about me here: jastang.com.

Sunday, August 7, 2011

Slow Growth Recessions


It's not impossible to see that the U.S. is in a slow growth period.  Adding not close to 120,000 jobs, excluding federal jobs, is not a good indicator of growth.  9.1% unemployment is slightly optimistic, but no encouraging.  It helps to compare to other recessions.  From this graph above, it really does illustrate how we are at the lowest rate of jobless and GDP growth compared to most recessionary periods. This indicates that some type of boost is needed to stimulate the economy, otherwise, I fear a double dip coming on.  Like when it happens with chips and salsa, this does not produce good results.

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