Quick Takes | Jobs and Unemployment

Sluggish GDP is root cause of stubbornly high unemployment

The Bureau of Economic Analysis reported today that the economy grew by 2.5 percent in the most recent quarter, meaning that it has grown by only 1.6 percent over the last full year. This sluggish growth is the root cause of the stubbornly high unemployment rate we’ve seen over that time. While a double-dip recession does not seem to be in the cards, this does not by a longshot mean that the economy is healthy.

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