us unemployment

Sam Ferraro

The data flow from the United States was surprisingly upbeat. The second estimate for real GDP showed a 3.7% (annualised) lift in the June quarter, up from the advance estimate of 2.3% and well above the March quarter outcome of 0.6%. This lifted average annual growth in nominal GDP to... Show More

The first graph below shows the change in private sector payroll jobs from when each president took office until the end of their term(s). Mr. G.W. Bush (red) took office following the bursting of the stock market bubble, and left during the bursting of the housing bubble. Mr. Obama (blue)... Show More