Quote:
Originally posted by Centurion
We lost a half a million jobs last year.
Unemployment has surged to it's highest point in almost a decade.
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The economy is still in the toliet and there are no consistent credible signs of any turn around in fiscal 2003.
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And GDP is the highest it's ever been too. That's why you have to look at economic numbers like unemployment relative to the full size of the economy and not by themselves. Population grows, you know. ;-)
The average unemployment rate since 1970 is 6.0%. It's about that right now.
Average GDP growth the past year, average unemployment, very low inflation.