GDP and unemployment rate going forward

Discussion in 'Economics' started by bond_trad3r, Apr 29, 2009.

  1. Consensus for April is unemployment will top 9%. This Swine Flu may have been over hyped, but it still may harm economic growth going forward. 2Q GDP is going to be in the shitter as a result. Plus all those millions of college grads looking for employment won't find any, could unemployment top 10% for May?

    The GM dealership closings alone is going to do some pretty serious damage.
  2. GDP will still be revised DOWNWARD like always
  3. S2007S


    They will revise it so low that even the worse GDP and unemployment numbers will look the best.
  4. I don't know if the government is that stupid. They've only got a margin of .2% to revise down, and then you send the markets back into the abyss, b/c it will show that GDP did not improve at all...not a fraction of a point. Worse yet, if the govt revised below last quarters figures, and shows a lower figure than last quarter...the shaky sentiment will nose dive (along w/ the markets).

    I think we're going to see some highly-questionable figures going forward; much more so that usual.
  5. From Intrade:

    United States GDP growth for Q3 of 2009 will be postive
    Contract priced at 35.0

    US Unemployment Rate in Dec 2009 to be greater than 10.00%
    Contract priced at 57.5