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> The rest of the economy saw job growth every single month [1] and real GDP growth every quarter except Q1 ‘22 Neither of those "accomplishments" are impressi
by leereeves 2y ago
> The rest of the economy saw job growth every single month [1] and real GDP growth every quarter except Q1 ‘22
Neither of those "accomplishments" are impressive or unusual. The population is growing, so jobs and GDP tend to grow as well. Negative job or GDP growth are both extremely rare events that happened only during the covid pandemic, the 2008 financial crisis, 9/11, etc.
- bryanlarsen 2y agoIt is rare and impressive when most other western democracies did see negative job & GDP growth over parts of the same period.