09 June 2010

Brief Economics Update for the Week

Well, the GDP numbers for the 1st quarter were revised again, and they were revised down again, down to a 2.7% annual rate, revised down from 3%, which was itself revised down from 3.2% initial figure.

Funny, isn't it.

Meanwhile, initial unemployment claims fell, but still remain well into the "major suckage" range.

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