Core Insights - The article highlights a significant issue with the federal government's calculation of job creation, revealing a downward revision of nearly one million jobs for the 12-month period ending in March, raising concerns about the reliability of government economic data [2] - It emphasizes the inadequacy of Gross Domestic Product (GDP) as a measure of economic health, advocating for the use of Gross Output (GO) as a more comprehensive metric that reflects the true state of the economy [3][5] - The article argues that the Bureau of Economic Analysis (BEA) intentionally delays the release of GO data for political reasons, which undermines the understanding of economic dynamics [4] Group 1: Job Creation and Economic Data - The Bureau of Labor Statistics (BLS) revised job growth down by nearly one million jobs, indicating a colossal miss in job creation reporting [2] - This revision raises serious questions about the reliability of other government economic statistics [2] Group 2: Measurement of Economic Health - The article posits that Gross Output (GO) is a superior metric compared to GDP, as it accounts for spending at all stages of production, unlike GDP which focuses solely on final sales [5][7] - GO reveals that business-to-business (B2B) spending is almost twice the size of consumer spending, challenging the notion that consumer spending drives the economy [5][6] Group 3: Implications of GO - The article suggests that GO provides a more accurate picture of economic health and is a better predictor of future economic conditions [9] - It argues that the release of GO data should coincide with GDP data, and that GO should be regarded as equal or superior to GDP [9]