Cooking The Books

BLS statistics frequently get revised as the complete data don't show up until after the reporting time frame. Quarterly growth rates are usually revised downward a point or two, but this is some sort of record:

Bureau of Labor Statistics yesterday reported a massive downward revision of the 1Q 2016 YoY real wage growth from +4.2% to -0.4% (a 4.6% swing).

This to lead into our seventh consecutive Summer Of Recovery from the Bush Recession.

I sure Hope this Changes pretty soon.