The government measures GDP in two different ways; GDP and GDI. The Gross Domestic Income measure is generally regarded as the most accurate, but unfortunately the complete data comes out one month after the flash estimate of GDP. Hence the press tends to report the GDP numbers.
Fortunately, the BEA does report most of the GDI data at the same time as GDP. Today’s report shows the reported part of NGDI rising from $13,430.2 bill in Q3 to $13,569.5 billion in Q4. About 4.1% at an annual rate. The same 4% track we’ve been stuck in since mid-2009. When the missing data is reported (interest and corporate earnings) the number will be revised, but is still likely to be much higher than the 0.5% reported growth in NGDP during Q4. That number made no sense in light of the steady job growth in Q3 and Q4.