US growth revised down again for third quarter to 1.8% (BBC)

[eppur_se_muova]

The US economy grew at a slower pace than previously estimated in the three months to the end of September.

Revised figures from the US Commerce Department show gross domestic product grew at an annual pace of 1.8% in the period, down from the previous estimate of 2% and first estimate of 2.5%.

The downward revision was largely due to lower consumer expenditure than previously thought.

Separate figures showed a fall in weekly unemployment benefit claims.

Initial claims for state benefits dropped 4,000 to a seasonally adjusted 364,000, the Labor Department said - the lowest level since April 2008.
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more: http://www.bbc.co.uk/news/business-16303831

[stevebreeze]

1. and we all know what a good month April 2008 was.

We are still bouncing along the bottom, and will likely do so for a long time unless something real is done to fix the economy. Perhaps we could do the one most effective and certain way to reduce unemployment...hire people. We have so much that needs doing and we let so many of our workers wast their time looking for jobs that are not there.