"Real output grew significantly this quarter."

[ProSense]

No L

Real output grew significantly this quarter. Will employment follow?

<...>

That kind of growth is inconsistent with a jobless recovery. After the 2001 recession, we didn't see a GDP growth rate of that size until 2003:Q3. There are two separate feedback mechanisms operating. The first is that rapidly rising output will eventually bring hiring up with it. The second is that the high unemployment rates will bring more foreclosures and cause spending and output to sputter.

Which is it going to be? Nonfarm payroll employment is the key indicator to watch from here.

[cherokeeprogressive]

1. Let me give you a hand PS...

What, No Responses?

:shrug:

[ProSense]

3. Proof that you don't pay attention.

It's: No comment.

Still, thanks for trying to focus.

[rurallib]

2. Has there been job growth for American companies in foreign countries?

I believe I read that IBM was moving and creating some more jobs overseas.
There was also a thread here about a week ago of a company that was creating 7000 new jobs in China.
So my question is this: Are jobs being created, just not here?

[depakid]

4. The question is whether it's sustainable growth or driven by inventory replacement

as well as programs like cash for clunkers. Jury's out on that in America at this point.