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What is Unemployment vs. GDP Growth Analysis about?

This document summarizes research into why GDP growth has lagged behind improvements in the unemployment rate since the Great Recession. The key points are: 1) Between 2007-2014, GDP growth was held back by shortfalls in productivity (4.4%), capital inputs (4.0%), labor force participation (3.6%), and population growth (2.2%). 2) While the unemployment rate has returned to normal levels, GDP remains well below its pre-recession trend, representing an unprecedented divergence between the two measures. 3

Author

TBP_Think_Tank

Language

EN