General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsMoody's Economic: Beneath the surface a recovery
May 09, 2012
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Looking past temporary and technical factors such as the record warm winter, real GDP growth remains near 2.5% annualized. With productivity growth slow, this will be enough to expand employment by more than 2 million jobs this year and next, said Zandi.
More: http://www.businesswire.com/news/home/20120509006084/en/Moody%E2%80%99s-Analytics-Macro-Outlook-Beneath-Surface-Recovery
If this forecast is right, unemployment will be under 8% by years end and I think low enough to get Obama re-elected.
Dawson Leery
(19,348 posts)cthulu2016
(10,960 posts)"...this will be enough to expand employment by more than 2 million jobs this year and next"
Do they mean net (minus people entering workforce) or gross?
Fumesucker
(45,851 posts)In the last expansion 2/3 of all of the GDP gains went to the 1%, I doubt things have become any more equitable in the meantime.
http://www.cbpp.org/cms/index.cfm?fa=view&id=2908