Welcome to City-Data.com Forum!
U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Politics and Other Controversies
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
Old 07-05-2012, 10:59 AM
 
Location: Texas
14,975 posts, read 16,422,102 times
Reputation: 4586

Advertisements

US Manufacturing Plunges! - Business Insider

ISM Services June - Business Insider

This is bad news. That being said, the employment indexes specifically within both reports were not terrible and tomorrow's jobs report - while it probably won't be good - might be better than last month's, particularly given today's ADP report. OTOH, it's bad news for the job market when looking at the bigger picture.

Last edited by afoigrokerkok; 07-05-2012 at 11:12 AM..
Reply With Quote Quick reply to this message

 
Old 07-05-2012, 11:29 AM
 
Location: Norman, OK
3,478 posts, read 7,238,704 times
Reputation: 1201
If the economy is perceived to be getting better, it will get better because the US consumer will go out and spend (remember, more than 3/4 of our economy rests on consumer spending).
Reply With Quote Quick reply to this message
 
Old 07-05-2012, 12:45 PM
 
Location: Texas
14,975 posts, read 16,422,102 times
Reputation: 4586
Quote:
Originally Posted by wxjay View Post
If the economy is perceived to be getting better, it will get better because the US consumer will go out and spend (remember, more than 3/4 of our economy rests on consumer spending).
This is true. And, in other news, retail sales in June increased at the slowest pace since August 2009 (however June was a good month for auto sales).

The ISM data - manufacturing and non-manufacturing - for June, when looked at together, suggest GDP growth of only about 1% annualized. That is not good - particularly when we're supposed to be in a recovery.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Politics and Other Controversies

All times are GMT -6.

© 2005-2024, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top