Quote:
Originally Posted by Daldolma
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No, the point is to demonstrate that labor force participation isn't necessarily demonstrative of a thriving economy. There are a wide variety of factors that impact LFP -- it's not a linear relationship.
You ignored the comparison to the UK, for example.
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Sure I'll address the UK whose UE jumped to a new normal 8% in 2008. Also could you tell me what the UK GDP was for the last two quarters. You said they're doing fine so I'm going to guess Q1 GDP around 1-1.5% and Q2 GDP of 1.25-1.75%. Good muddle through numbers not a double dip for sure.
Let me know when you pull UK 2012Q1 and 2012Q2 GDP and post it here to support your everything is fine across the pond theory.