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| Topic: |
Business
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| Number of pages / Number of words: |
8 / 2136 |
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Real GDP will average out to 2.6% during the 4 quarters compared to 3.3% in 2006. Personal consumption expenditures, the main component in GDP, will go from 3% in 2006 to 2.4% in 2007 (Buamohl, 2006).
Unemployment rate
To date the unemployment rate for 2007 has not been bad at all. It has not changed much since December of 2006...
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The current rate is at 4.6%, it has been lower in the past but it has certainly been higher as well. The Fed's direction thus far is of moderating inflation and gradually accelerating economic growth in 2007. The figures and reports for January definitely coincide with the economy and labor markets making a soft landing...
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