Revised First-Quarter GNP Growth Plunged to 0.5% (Previously 1.3%)
June 28, 2012 – 4:08 pmshadowstats.com has proven to be a good watchdog for the U.S. Government statistics. This revised growth number is anemic.
John Williams continues:
… what had been reported the month before, where the headline November 2011 unemployment rate purportedly plunged by 0.4%, from 9.0% in October, to 8.6% in November. The revised data in December showed a more-consistent comparison of 0.2% drop in unemployment from 8.9% in October, to 8.7% in November.
It is a shame that the revised stats are not reported with the same intensity as the preliminary stats which are nearly always optimistic.
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