Wednesday, February 29, 2012

Latest Data Suggest Output Gap is Closing but Employment Gap is Closing Faster

The latest GDP data from the Bureau of Economic Analysis indicate that the output gap narrowed in Q4 2011 at a slightly more rapid pace than previously estimated. The second estimate, released February 29, showed US real GDP growing at a 3 percent annual rate last quarter, up from the 2.8 percent advance estimate released at the end of January.

Growth was revised upward for all major sectors of the economy. Read more>>>

Click here to view or download a classroom-ready slideshow with additional GDP charts.

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