President Trump was incorrect when he tweeted that more than a century had passed since quarterly economic growth last outpaced the jobless rate, the White House’s top economist said Monday. “The GDP Rate (4.2%) is higher than the Unemployment Rate (3.9%) for the first time in over 100 years!” Mr. Trump inaccurately tweeted earlier Monday. Economic data show this circumstance last occurred in early 2006, or about 12 years ago.

Source: Wall Street Journal September 10, 2018 20:10 UTC