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Uploaded on Apr 1, 2011
GDP has grown for the past six quarters and grew 3.4 percent in the last quarter of 2010. Today, the committee heard testimony from BLS Commissioner Dr. Keith Hall which stated that GDP growth GDP has always preceded job growth. "It is typically the case that GDP starts to grow out of a recession in advance of job growth...that's not atypical. In fact, [this 8 month lag time] that's faster than the last couple of recessions."