Whither, Manufacturing?

America’s manufacturing sector continues to struggle – creating just 4,000 new jobs last month according to U.S. Department of Labor data. In fact employment growth in this critical area of our economy has been at a virtual standstill for the last six months.
That’s no way to build a country, is it?
No, but it’s also not [...]

GDP Growth Revised Downward

RECESSION HERE WE COME … AGAIN
America’s anemic economy grew at an even slower pace during the second quarter of 2012, according to updated estimates released this week by the U.S. Commerce Department.
The nation’s gross domestic product (GDP) – which represents the market value of all goods and services produced within a country during a specific period [...]

WTF, Economy?

While the U.S. unemployment rate has gone down in recent months, there is general agreement that this decline is due to a shrinking labor force – not sustained job growth (and certainly not job growth that’s sufficient to keep up with our nation’s expanding population).
Look no further than April’s disappointing data  … or this report.
Anyway, [...]

US Economy Weakening

The U.S. economy expanded by just 1.3 percent between April to June, according to initial U.S. Bureau of Economy Analysis (BEA) estimates – an anemic growth rate that was blamed on high fuel prices, sustained joblessness and lackluster income growth.
That estimate could be downgraded even further when the BEA releases an updated figure next month.
Meanwhile, [...]

U.S. Economy: “I Was In The Pool!”

The government’s massive and ongoing $11.6 trillion “economic stimulus” package has failed to turn around a free-falling U.S. economy.
In fact, the U.S. gross domestic product shrunk by 6.2% in the fourth quarter, much deeper than government analysts expected.
It was the worst quarterly “shrinkage” experienced by the GDP in 27 years.
Reached for comment, the U.S. gross [...]