NPR logo Things Are Getting Better. But They're Still Not Good. (Cont'd)

Things Are Getting Better. But They're Still Not Good. (Cont'd)

The latest GDP numbers are out this morning, and they paint a familiar picture.

Like the Fed's statement earlier this week, the trends in GDP suggest that things are getting better — but they're still not good.

GDP rose at an annual rate of 3.2 percent in the first quarter of this year. That's a promising sign, and it's roughly in line with economists' expectations.

But, as Calculated Risk points out in the graph below, real GDP — a key measure of the standard of living — is still lower than it was before the downturn. Click on the graph to see a larger version.