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7/30/15, "U.S. GDP Rises 2.3% in Second Quarter; First Quarter Revised Upward," Bloomberg, Sho Chandra
"Gross domestic product rose at a 2.3 percent annualized rate, and a
revised 0.6 percent advance in the first quarter wiped out a previously
reported contraction, Commerce Department data showed Thursday in
Washington....
Annual revisions
The Commerce Department also issued its annual revisions, updating
the data back through 2012....
The economic expansion over the past three years was weaker than
initially projected, with the biggest revision coming in 2013. From the
end of 2011 to the end of 2014, the economy expanded at a 2.1 percent
annualized rate, compared to the 2.4 percent pace reported before. GDP
grew 1.5 percent in 2013 [a 31.8% downward revision], the weakest since the throes of recession in
2009, compared with a previously reported 2.2 percent gain....
A separate report from the Labor Department Thursday showed...jobless claims rose by 12,000 to 267,000 in the period ended
July 25 (2015)."...
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7/30/15, Wall Street Journal: The Worst Expansion Since World War II Was Even Weaker
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Comment: Thanks again to the Bush family, Rupert Murdoch, and the entire permanent political class for destroying the country. via RL
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