June 03, 2010 at 15:38 PM EDT
The Recovery: Job Rich or Job Poor?
Gross domestic product (GDP) is growing, supported by strong labor productivity numbers and modest employment growth. Even after today’s downward revision to first quarter labor productivity measures, growth in labor productivity in the business sector has averaged 5.6 percent over the last three quarters—more than twice the long-run average. Okun’s law [...]
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