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Economy

progree

(11,493 posts)

4. I will. A small rise in unemployment rate is not a recession. We've already had a rise in the UR

Reply to doc03 (Reply #3)

Sat Oct 1, 2022, 11:01 PM

Oct 2022

But we still had a good-sized gain in jobs and apparently in economic growth.

Like I said, in my late edit in the above post, I don't want headlines saying we've had 3 quarters in a row of negative GDP growth, but again, that's just me. The first official estimate of Q3 GDP is in late October (edit: Oct 27), less than 2 weeks before the midterm elections.

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GDPNow is predicting that Q3 GDP will be +2.4% (seas adjusted annual rate) [View all] progree Oct 2022 OP

This sounds like bad news to me the Fed wants a recession so we will see another doc03 Oct 2022 #1

I haven't heard that they want a recession, but oh well. They want a slow down, that's different progree Oct 2022 #2

Lets put it another way the Fed wants unemployment to go up so doc03 Oct 2022 #3

I will. A small rise in unemployment rate is not a recession. We've already had a rise in the UR progree Oct 2022 #4

We are in positive territory, so good news! questionseverything Oct 2022 #5

The Koch brothers pay me to be gloomy and post threads that spread disarray. mahatmakanejeeves Oct 2022 #6

LOL! and good morning. Yes, First Friday is just down the street a little ways, that we can progree Oct 2022 #7