[moe.ron]

Unemployment has very little to do with GDP growth. GDP growth over time will trickle down and lead to more jobs. It will just take a little time for companies to gain confidance that consumer spending is still on the rise. Typically 60% of GDP is consumer spending. Once consumer confidance and investor confidance goes up, then they will add more jobs to further increase output.

GDP is obviously a great way to measure economic growth. But IMO the unemployment rate is the ultimate measure of the well-being of the economy. 7% growth in GDP is great but it only makes a difference in unemployment if it lasts for many many quarters. I doubt we will have 7% growth this quarter......