High Unemployment Archives

Weak GDP

By Econ70 | 04/30/2012

Q1 ‘12 GDP came in at a dismal 2.2%, not nearly fast enough to dent unemployment. The biggest problem, after adjusting for inflation, wages fell last year. The only reason consumer spending is up is because savings rates keep declining; to 3.9% in February. Worse, excluding inventory growth, GDP was just 1.6%. Add continuing declines…

Sluggish Economy

By Econ70 | 01/25/2012

The IMF sees global growth in ’12 slowing to 3.25% from 4% in ’11. It’s because the 17 nation Euro-zone will contract by 0.5% and China’s growth will slow from 9% to 8.2%. Growth here is expected to be 2%; better than ’11 but not enough to really dent unemployment. By suggesting, earlier today, that…