Posted on 08/02/2013 9:54:31 AM PDT by whitedog57
The good news in today’s BLS report: the unemployment rate fell to 7.5%.
The bad news? The recent real GDP revision revealed a dismal 1.7% real GDP growth.
During the Reagan Recovery, we saw an unemployment rate of 7.5% in June 1984 … when real GDP growth was 7.20%. The Q2 2013 real GDP growth rate is 76% lower than in Q2 1984.
gdpunemp
This is spite of the 10 year Treasury yield (green line) falling from 13.56% on June 30, 1984 to 2.30% as of today. That is an 83% drop in the ten year yield.
gdpt10
Like in the Michael Douglass movie “The Game,” all we got for an 83% lower rates and a 7.5% unemployment rate, all we got is a 1.7% real GDP rate.
That is a 76% drop in real GDP from the Reagan Recovery for the same level of unemployment.
tshirtthrgmr
Does anyone actually believe these numbers on the economy being spewed by this regime every week? 7.5%! LOL!
Approx 75% of the job growth is in min wage jobs...
Simple answer, NO!
This is proof yet again that progressive liberal socialist policies NEVER work!
Thanks to everyone that voted Democrat over the last couple of elections — those of us without a job and looking at overseas positions are grateful for your stupidity!!!
Much appreciated losers!
Misleading title: Comparing GDP growth rate to Real GDP (in the title) is wildly inaccurate.
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