Slow Going

This article discusses the rather poor unemployment figures we've been seeing and their continual drop. The article argues that the still-dropping unemployment rate might indicate that thr economy is not recovering as fast as we might think and might be in a worse state than GDP indicates. It argues that GDI (Gross Domestic Income), while not the common measure of the state of the economy, has been growing in popularity as research suggests it might be a better indicator of the economy. The state of the economy with respect to GDI is much more in line with the unemployment rate than GDP's measure. It also indicates that when most economists predicted we were leaving the recession (using GDP) we were still in bad shape.