GDP Fact Book - 1Q2013: What are the Factors Causing Slow GDP Growth and Where is the Economic Job Recovery (The US Economy Exposed)

The Analysis of the Change in GDP Growth from 4Q2012 to 1Q2013 with commentary on economic indicator updates in 2nd Quarter 2013 published through July 31, 2013 Advance Estimate of 2Q2013. A major revision affecting published GDP numbers was made by the BEA on those published for 1929 to 1Q2013. This one-time adjustment reduced the base period change from 1.8% 1Q2013 Growth to 1.1% to result in 2Q2013 GDP growth rate at 1.7%. In effect, the adjustment probably delayed a recessionary trend. Look forward to Quarterly GDP FACT BOOKS approximately published 120 days after quarter-end due to BEA adjustments.