KEY INDEX POSTS DISAPPOINTING DATA HEADING INTO 2014
America’s service economy ended 2013 on a troubling note, according to data released this week from the Institute for Supply Management (ISM).
The ISM’s index dipped from 53.9 to 53 in November – still in growth territory but well below expectations (and the lowest increase in six months). Compounding the disappointment was a slide in inventories (from 54 to 48) and a steep drop in new orders (from 56.4 to 49.4).
Also half of the industries serviced indicated contraction – hardly a ringing endorsement of the “breakthrough” year for the economy heralded by U.S. President Barack Obama.
Don’t fret, though …
“Despite the substantial decrease in the New Orders Index, respondents’ comments predominately reflect that business conditions are stable,” ISM’s official press release noted.
Hmmmm …
So … what’s the service economy’s chief concern? If you guessed Obamacare, there’s a prize at the door for you.
“It is uncertain what impact the Affordable Healthcare Act will have on hiring and full-time status in 2014 as more companies are re-evaluating their healthcare benefits strategies for all positions,” one of the index’s respondents noted.
12 comments
Duuuhhh…Until we relieve that Disease named Obama of his position, Americans will suffer,,,
Make sure you vote R in 2014…maybe we can get big enough majorities to over-ride all obam legislation. It would work as a recall if enough people care about their country….
I told you that before the 2012 elections, but you still believed…Now Obama is laughing at the Dumb@$$#$ who bought the media’s love for the Devil….and voted his sorry @$$ back in….
It seems you’re the only one suffering around here. Worry not, the grass will be tall enough by spring to get yourself a Ban-Aid®.
You are an ignorant Dumb@$$ piece of $#!t if you are trying to say anything is good in America, other than what good American people are making good…trying to get by until we can end this horrible nightmare…
The Federal Gov’t is a total F*#kin mess thanks to your lord-god and savior Obama. And you people are like the Nazis in WWII. You’re in Total denial of what you are and what you are doing…….
Lol. I’m sippin’ on a damn fine I.P.A. at the pub. So, tell us my good fellow, what have the Republicans to offer? Don’t talking about their platform, ’cause that’s just sweet talk.
It is obvious you are drunk…But I’d say Bush’s 5% unemployment rate and gas $1 a gallon cheaper look mighty D*%n good right now, along w/ free market insurance, instead of government forced…you simple minded drunk F*#k….
I hear a lot of complaing from the likes of you, but not many ideas except that vaginas can stop a rape baby…
For starters: Quit choking the coal industry. Stop wasting on failed solar panels and burning cars…, Stop rising taxes and exploding the deficit. …allow the Keystone Pipeline, Quit filing lawsuits against non-union states…and repeal the government forced healthcare…your stupid mother-f*#ker….
The Dow is over 16,000………….duh…….no Republican has ever done that
Double the monetary base again and soon it will be 32,000 and everyone will rich!
And $17 Trillion in debt…all the presidents in history together have never f*%ked up that much in 200 years..it only took your idiot lord god 4 years….dumb@$$…
I see nothing “troubling” about the Dow at plus 16,000. Obama gets credit for that. Imagine a socialist, leftist, Koran-reading, Muslim president making a ton pf money for Wall Street folks !! How is this possible?
Americans are paying exorbitant prices for energy, healthcare and food, thanks to your lord and god, Obama.
No one, except the idle rich (Greedy Obama’s pals) have money to invest. And w/ us paying Wall St. $85billion a month, to prop up the bigwigs, of course the privilidged liberals are ridin’ dirty at the expense of the moral….