GDP refers to gross domestic product, the increase in 3 percent means that there is more wealth circulating around in the community. If population and wealth both go up by the same factor (such as the ratio between people and wealth stays the same) then the GDP still stays the same, since it went up, there is a higher domestic product overall.
Unemployment rate of 4.6 percent means that 4.6 percent of the population that is able to work and is looking for work, is also unemployed. People that have stopped the job search or are retired do not fit in this ratio. Therefore this is practically a measure of how many people are unemployed that are actually wanting a job.
What does real GDP up 3% from a year ago and an Unemployment rate of 4.6% mean?unsecured loan
It means the country grow its economy by 3% and employment is relatively low.
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