New evidence of a slowing economic rebound emerged Thursday in reports that manufacturing activity is slowing after helping drive the early stages of the recovery.
Factory output fell in June, according to a government report on industrial production. It was the sharpest monthly drop in a year. And two regional manufacturing indexes sank this month. …
Separately, the Labor Department said wholesale prices fell for a third straight month. Prices were pulled down by a drop in energy costs and the biggest plunge in food costs in eight years. But excluding those two volatile commodities, inflation was nearly flat. …
Adding to concerns in the manufacturing sector were steep drops reported Thursday in the Empire State and Philadelphia Fed Manufacturing indexes.
Sorry, posted befor that last question.
What do I foresee in the next 6-12 months? In the immediate I foresee them throwing a lot of stimulus money to create jobs (temporary at that) to put on a good show before midterms. If people aren't hungry and broke then they are less likely to show their anger at the polls. After the election (depending on the outcome), I think we will either see a steady growth from stimulus until the money well runs dry (if Dems hold onto more control than they are anticipating), or if there is a sweep I foresee more tough times ahead and less money being spent and no growth until actual revenue making policy can be put in place.
Answer by QuinnMae at 12:23 PM on Jul. 16, 2010
Wait, I'm confused. Wasn't Obama just giving a speech this week talking about all of the manufacturing jobs that were created (batteries or something of that sort) and that these jobs are going to boost manufacturing in our country and that we will be seeing more and more of these jobs? I am pretty sure he said that. Of course, after Biden spouted that those jobs are gone and that we weren't going to be seeing them again. I can't make heads or tails out of what this administration is trying to really tell us. My personal opinion is that they are trying to confuse us so much that we go back to ignoring what they are doing so they can do whatever they want. They don't like all of this immediate media attention when it doesn't work in their favor. Perhaps that's why they want control over google?
Answer by QuinnMae at 12:17 PM on Jul. 16, 2010
Answer by 29again at 1:05 PM on Jul. 16, 2010
Answer by mancosmomma at 1:23 PM on Jul. 16, 2010
Couldn't have said it better myself, Quinn!!
Answer by LoriKeet at 12:33 PM on Jul. 16, 2010
Answer by mustbeGRACE at 1:06 PM on Jul. 16, 2010
Answer by itsmesteph11 at 2:10 PM on Jul. 16, 2010
. Wasn't Obama just giving a speech this week talking about all of the manufacturing jobs that were created (batteries or something of that sort) and that these jobs are going to boost manufacturing in our country and that we will be seeing more and more of these jobs? Yes, here in Michigan. It isn't susposed to go into operation until 2012 but it is also dependent on the sale of battery operated cars, which nobody wants.
Answer by Carpy at 4:15 PM on Jul. 16, 2010
Answer by jewjewbee at 11:37 AM on Jul. 17, 2010
Answer by jewjewbee at 11:43 AM on Jul. 17, 2010