That's adjusted for population growth and inflation.
More at Mish's place, including December's very lousy sales numbers.
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1 comment:
Truly ugly data.
Not for the faint of economic heart.
Terrible data for the unemployed.
Truly ugly.
Coincidentally mimicks market investments whose values and returns have not budged in the same ~12 years.
Year after year...the same old Christmas shopping lies and bullshit...until truthfully adjusted.
Ugly.
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