Moody's Economic: Beneath the surface a recovery

[Quixote1818]

May 09, 2012

Snip>

“Looking past temporary and technical factors such as the record warm winter, real GDP growth remains near 2.5% annualized. With productivity growth slow, this will be enough to expand employment by more than 2 million jobs this year and next,” said Zandi.

More: http://www.businesswire.com/news/home/20120509006084/en/Moody%E2%80%99s-Analytics-Macro-Outlook-Beneath-Surface-Recovery



If this forecast is right, unemployment will be under 8% by years end and I think low enough to get Obama re-elected.

[Dawson Leery]

1. k/r

[cthulu2016]

2. They need to define some terms here

"...this will be enough to expand employment by more than 2 million jobs this year and next"

Do they mean net (minus people entering workforce) or gross?

[Fumesucker]

4. Not to mention that GDP might be going up but the wages of the 99% are not...

In the last expansion 2/3 of all of the GDP gains went to the 1%, I doubt things have become any more equitable in the meantime.

http://www.cbpp.org/cms/index.cfm?fa=view&id=2908

[Skittles]

3. really hoping this is true