Summary

Okun's law. Quarterly GNP growth (NOT ANNUALIZED) and change in the unemployment rate. US data from US agencies from a file located here archive copy at the Wayback Machine. Data from 2nd quarter 1947 through 4th quarter 2002.

 

This chart was created with SPSS.

Regression results: -1.827 Beta on unemployment change (Std error .123), .856 constant (.049), adj R2 at .504. All vars and f-test .000 signifance.

%Change GNP = .856 - 1.827(Change Unemployment Rate)

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