A spike in the unemployment ratelong dash—the biggest in more than two decadeslong dash—raised new concerns that the economy is heading into a recession. The U.S. unemployment rate soared to​ 5.5% in May from​ 5% in Aprillong dash—much higher than forecasted. The surge marked the biggest​ one-month jump in unemployment since February​ 1986, and the​ 5.5% rate is the highest seen since October 2004.​Source: CNN, June​ 6, 2008How does the unemployment rate in May compare to the estimated natural unemployment​ rate?What does this imply about the relationship between real GDP and potential GDP at this​ time?The unemployment rate in May 2008 is​ _______ the estimated natural unemployment rate.This implies that real GDP is​ _______ potential GDP at this time.

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