Originally Posted By: Matter-eater Man
U.S. economy grows at fastest rate in 6 years


There's just one problem:
  • Growth would have to equal 5 percent for all of 2010 just to lower the average jobless rate for the year by 1 percentage point.

    And economists don't think that's possible.

    Most analysts say economic activity will slow to 2.5 percent or 3 percent growth for the current quarter as the benefits fade from government stimulus efforts and from companies drawing down less of their stockpiles.

    Another way of looking at it: A net total of about 3 million jobs would have to be created this year to lower the average unemployment rate by 1 percentage point for 2010, economists estimate. Yet even optimists think the creation of 1 million net jobs is probably out of reach this year.

    High unemployment poses a risk to the unfolding recovery because it leads consumers to spend less, keeping economic growth weak.