[Answer] In the United States why is there a strong correlation between unemployment and GDP?

Answer: The country has deflation. The bottom line is nominal growth and the top line is real growth.

Most relevant text from all around the web:

In the United States why is there a strong correlation between unemployment and GDP? In the United States why is there a strong correlation between unemployment and GDP? The country has deflation. The bottom line is nominal growth and the top line is real growth . Tue Oct 29 2019 · Such a relationship between GDP and unemployment rates is important in two ways. A rise in employment levels is the natural result of increased GDP levels caused by an increase in consumer demand for goods and services. Such a rise in both GDP and employment levels is an indication that the economy is booming. Mon Jan 01 2018 · The relationship between unemployment rates and Gross Domestic Product in the US is described by Okun’s Law. In short this law states that when the unemployment rate is higher than normal economic output decreases which then lowers GDP. 0.0 0 votes Wed Mar 25 2009 · The relationship between unemployment and GDP is called Okun's law. It is the association of a higher national economic output with the decrease in national unemployment . This is because in order... In the US whys is there a strong correlation between unemployment and GDP ? Consumer spending accounts for 2/...

Disclaimer: 

Our tool is still learning and trying its best to find the correct answer to your question. Now its your turn, "The more we share The more we have". Comment any other details to improve the description, we will update answer while you visit us next time...Kindly check our comments section, Sometimes our tool may wrong but not our users.

Are We Wrong To Think We're Right? Then Give Right Answer Below As Comment