In the united states why is there a strong correlation between unemployment and gdp

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asked Nov 18, 2019 94.3k views

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Carlisle · Answer 1 · 2019-11-24T16:49:14+0000

The relationship between unemployment rates and Gross Domestic Product in the US is described by Okunâ€™s Law. In short, this law states that when the unemployment rate is higher than normal, economic output decreases, which then lowers GDP.

In the united states why is there a strong correlation between unemployment and gdp

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