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Rising unemployment doesn’t counter signs of strong GDP growth

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  • Tyler Atkinson
  • Prithvi Kalkunte

Abstract

Real (inflation-adjusted) GDP grew strongly during the second and third quarters of 2024, increasing at an annualized pace of 2.9 percent. Yet, the unemployment rate also rose 0.4 percentage points, an unusually large amount except during recessions.

Suggested Citation

  • Tyler Atkinson & Prithvi Kalkunte, 2024. "Rising unemployment doesn’t counter signs of strong GDP growth," Dallas Fed Economics 99240, Federal Reserve Bank of Dallas.
    • Handle: RePEc:fip:d00001:99240
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    File URL: https://www.dallasfed.org/research/economics/2024/1203
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