70 Years = New Technology Concerns Ebb / Flow... GDP Rises...Unemployment Ranges 2.9 - 9.7% Real GDP vs. Unemployment Rate, USA $18T 30% $12T 20% Rate DP nt G l me y Rea plo 5.8% $6T 10% 70-Year Average Unem 3.9% Unemployment Rate (4/18) $0 0% 1929 1939 1949 1959 1969 1979 1989 1999 2009 2017 Real GDP Unemployment Rate Source: St. Louis Federal Reserve FRED Database, Bureau of Economic Analysis, BLS. Note: Real GDP based on chained 2009 dollars. Unemployment rate = annual average. 152