Tuesday, July 3, 2012

Is U.S. Manufacturing going the way of the dodo bird under President Obama?

The Wall Street Journal reports today that, for the first time in three years, U.S. manufacturing has plunged to an index of 49.7 in June after sitting at 53.5 in May.

An index below 50 indicates the manufacturing sector is not only slowing but contracting.


RDQ Economics reports that this is the largest manufacturing decline since 9/11 and the second largest since the worst of the Carter Recession in 1980.
Read the rest of the bad news HERE.

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Keiji said...

Wow! yet another many obvious indicators letting The U.S.A, know it's time for Obama to retire.

Anonymous said...

Another opportunity for Romney to pounce on Obama and where he seems to be taking us.

Nikki said...

What its indicate? Why they used like that.

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