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Economics
StraightTalk®

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Bart van Ark
Chief Economist
October 2009
Taking a Look at Employment and Productivity

This month’s issue looks at the interaction between employment and productivity growth in the United States, which is likely to keep both at a "low equilibrium" for a while to come. The sources of future growth will have to be found in technology and organizational and institutional innovations. This month’s issue also examines how the "new normal" will affect employment and considers the possibilities for a jobless recovery.

 

StraightTalk is a monthly publication from the Chief Economist of The Conference Board. It provides economic research, objective analysis, and forecasts to help new economy business executives assess economic conditions impacting their markets.

Download a sample issue (828 KB).

 

Updated: October 14, 2009
Percentage change, seasonally adjusted annual rates

2009

 

2010

 

2008

2009

2010

II Q*

III Q

IV Q

I Q

II Q

III Q

Annual

Annual

Annual

Real GDP

-0.7

3.3

3.1

1.1

1.9

1.9

0.4

-2.5

2.0

Real Consumer Spending

-0.9

2.5

-0.2

0.0

0.8

0.9

-0.2

-0.7

0.5

Housing Starts mil. Units

0.54

0.60

0.68

0.73

0.77

0.84

0.90

0.59

0.82

Real Capital Spending

-9.6

-2.6

3.6

1.5

5.2

6.7

1.6

-17.5

2.4

Net Exports Bil. '00$

-330.4

-329.4

-352.9

-366.3

-368.0

-364.7

-494.3

-349.8

-363.4


* Actual Value


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