This is totally true if you exclude 1948Q1,1948Q2,1950Q1,1950Q2,1950Q3,1950Q4,1951Q1,1951Q2,1951Q3,1952Q1,1952Q4,1953Q1,1953Q2,1954Q4,1955Q1,1955Q2,1955Q3,1956Q4,1958Q3,1958Q4,1959Q1,1959Q2,1960Q1,1961Q3,1961Q4,1962Q1,1963Q3,1964Q1,1964Q3,1965Q1,1965Q2,1965Q3,1965Q4,1966Q1,1968Q1
and 1968Q2,1969Q1,1971Q1,1972Q1,1972Q2,1972Q4,1973Q1,1976Q1,1977Q2,1977Q3,1978Q2,1980Q4,1981Q1,1983Q4,1984Q1,1987Q4,1988Q4,1996Q2,1997Q2,1997Q3,1998Q3,1998Q4,1999Q3,1999Q4,2000Q2,2003Q3,2006Q1
...and ignore the fact that we don't have reliable unemployment or GDP data before 1948, but it probably also occurred a fair few more times than I've listed.
And don't even start me on the inanity of comparing levels (of unemployment) with growth rates (of GDP) or stocks (again, of unemployment) with flows (of new production).
BTW, if you liked this tweet thread, you'll love the first day of any introductory macroeconomics course.
BTW, if you liked this tweet thread, you'll love the first day of any introductory macroeconomics course.
