Friday, August 01, 2003 :::
 

Dean, regarding June unemployment figures -- with a relatively small change in people employed and a big jump in the size of the labor force -- the Secretary of Labor attributed that to college kids looking for summer jobs. That explains a little. Still, though, the numbers are a bit wacky.

Incidentally, I kept hearing that GDP growth was an annualized 2.4%, and I assumed -- though didn't see this explicitly stated -- that this was a nominal growth rate. Do you know whether that's right, and if so, what the real rate was?

::: posted by Steven at 11:58 AM

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