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Rising unemployment doesn’t counter signs of strong GDP growth
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;
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https://www.dallasfed.org/research/economics/2024/1203
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Provider: Federal Reserve Bank of Dallas
Source: Dallas Fed Economics
Publication Date: 2024-12-03