Typical post war recession type of outcome, as previously discussed:   One reason for the low unemployment in the US is that for a lot of people you need a job to get health insurance: https://tradingeconomics.com/united-states/jobless-claims   Reported inflation will fall rapidly unless energy prices increase from current levels, which is likely given current Saudi […] The post GDP, jobless claims appeared first on Mosler Economics / Modern Monetary Theory .