Rising unemployment doesn’t counter signs of strong GDP growth

Tyler Atkinson and Prithvi Kalkunte

Dallas Fed Economics from Federal Reserve Bank of Dallas

Abstract: Real (inflation-adjusted) GDP grew strongly during the second and third quarters of 2024, increasing at an annualized pace of 2.9 percent. Yet, the unemployment rate also rose 0.4 percentage points, an unusually large amount except during recessions.

Keywords: forecasting; labor; unemployment (search for similar items in EconPapers)
Date: 2024-12-03
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