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US Economy has recently come out of recession by showing a GDP growth of 0.9 per
cent (3.5 per cent annualized) for the July-September 2009 quarter compared to the
quarter of July-September 2008. This is seen as a sign of US economic recovery by
many experts. However, US unemployment rate continues to go up touching a high of
10.2 per cent in October 2009. In October, the number of unemployed persons
increased by 558,000 to 15.7 million. The unemployment rate rose by 0.4 percentage
point to 10.2 percent, the highest rate since April 1983. Since the start of the recession
in December 2007, the number of unemployed persons has risen by 8.2 million, and the
unemployment rate has grown by 5.3 percentage points.
In the light of the above developments, it would be better to watch certain important
economic indicators while the US is showing some signs of slow economic recovery.
The following are some important indicators worth monitoring:
Actions of other central banks in the UK, euro zone, China, Australia and other
important G-20 countries also need to be watched.