posted on Jun, 25 2009 @ 11:25 AM
economic spin cycle with unlimited "quarters"
A revised reading on gross domestic product -- the broadest measure of the nation's output -- said the economy posted a 5.5 percent annualized
decline from January through March. That was slightly better than the 5.7 percent estimate made a month ago. Economists generally think the economy is
shrinking at a slower pace -- about 2 percent -- in the current quarter.
this is good news that jobless claims rose "unexpectdedly"....and 1'st quarter GDP fell 5.5 %