3rd quarter GDP REVISED down

Discussion in 'Politics' started by LadyGunSlinger, Nov 30, 2011.

  1. LadyGunSlinger
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    LadyGunSlinger Conservative Babe Supporting Member

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    News Headlines

    Economists polled by Reuters had forecast productivity, which measures hourly output per worker, being revised down to a 2.6 percent growth rate. The revision reflects a much slower gross domestic product growth pace during the July-September period.



    TRUTH does MATTER.
     
  2. Full-Auto
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    But but but things are looking up. We had a record day of sales and Government motors is selling cars at half price.

    Who couldnt love that:lol:
     
  3. Truthmatters
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  4. WillowTree
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    WillowTree Diamond Member

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    :eusa_shhh: don't tell the TruthMoron..
     
  5. LadyGunSlinger
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    LadyGunSlinger Conservative Babe Supporting Member

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    LOL! Right? Amazing the lengths libs will go to in order to lie and provide cover for the most inept boob to ever hold the office of the Presidency.
     
  6. DiamondDave
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    DiamondDave Army Vet

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    What??? The economists got something wrong AGAIN??? Say it ain't so!!!!

    :rolleyes:
     
  7. LadyGunSlinger
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    LadyGunSlinger Conservative Babe Supporting Member

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    LOL I'm sure she'll be here to bring her old links that she's posted over 50 times in just about every thread.:lol::cuckoo:
     
  8. Truthmatters
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    from your article



    Though productivity has slowed after growing rapidly as the economy emerged from the 2007-09 recession, businesses have maintained the bulk of the gains made during the recovery.

    Unit labor costs declined at a 2.5 percent rate in the third quarter instead of 2.4 percent. In addition, unit labor costs in the second quarter were revised down to show them contracting at a 0.1 percent rate instead of rising at a 2.8 percent pace.

    Economists had expected third-quarter unit labor costs would be revised to show a 2.2 percent rate decline.

    Subdued wage growth supports the Feds contention of a low inflation environment, despite high food prices. This should give the U.S. central bank more room to tackle stubbornly high unemployment and spur economic growth.
     
  9. ba1614
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    ba1614 Silver Member

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    Amazing that they always over estimate isn't it?:eusa_liar:
     
  10. 8537
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    8537 Senior Member

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    "They" have been underestimating (estimating worse than reality) on several fronts for the past couple months.
     

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