Real gross domestic product (GDP) increased at an annual rate of 2.6% in the second quarter of 2017 (Q2 2017) according to the “advance” estimate released by the U.S. Bureau of Economic Analysis on 28 July 2017. 2.6% is a positive sign for the U.S. economy and a potential pivot point for President Trump’s bold plan to grow GDP to an annual rate of 4%, create 25 million new jobs and get the “American economy back on track”. To understand the nexus between GDP and employment, as well as the efficacy of the Trump Plan, one must understand U.S.
Tags25 Million New Jobs4% GDPBureau of Labor Statisticsbusiness creationeconomic recoveryemploymentFederal ReserveGDPJob creationPresident TrumpTrump AdministrationU.S. Labor ForceUS economy