Okun

Using a rule of thumb known as Okun's Law, if the GDP were to grow 3.5 percent in 2010, it would only be enough to drive the unemployment rate down by about half a percentage point (the actual result can vary significantly depending on productivity growth and other factors).

U.S. recovery continues at its slow pace, GDP and other data show 2010

That kind of disconnect violates an economic rule of thumb called Okun's Law, after the late economist Arthur Okun, which holds that every two-percentage-point drop in the economic-growth rate corresponds with a one-percentage-point rise in the unemployment rate.

Job Cuts Outpace GDP Fall 2009

Late last week, Larry Summers, the president's chief economic adviser, acknowledged publicly that what's known as Okun's Law has broken down.

Rob Shapiro: Solving the Problem with Jobs and Wages 2009

Concern has grown over a break in the rough historical relationship between output and employment known as Okun's Law.

The Economist: Correspondent's diary 2010

The problem is related to a hiccup in an economic rule called Okun's law.

TIME.com: Top Stories 2009

The basic theory is contained in something called Okun's Law.

RedState 2009

Court records show the defense plans to call Okun to testify.

unknown title 2009

According to an economic rule of thumb known as Okun's law, a 3 percent GDP boost corresponds with a 1 percent drop in the jobless rate.

Home/News 2009

More ' Okun ' s Law ' Holds Up At that rate, job growth can ' t do much to bring down the unemployment rate.

Gyrating Numbers Are Misleading Mark Whitehouse 2010

I wonder how this dramatic change in the nature of unemployment will alter traditional macroeconomic relationships, such as Okun's Law and the Phillips curve.

Greg Mankiw's Blog 2010