Friday, January 2, 2009

Manufacturing in US lowest in 28 Years

This is nothing new to me, it has been dropping sharply with Bush in office, and now it is just a shock?

Manufacturing activity dropped more than expected in December, hitting the lowest in 28 years as new orders and employment continue to decline.

The Institute for Supply Management, a trade group of purchasing executives, said Friday its manufacturing index fell to 32.4 in December from 36.2 in November. Wall Street economists surveyed by Thomson Reuters had expected the reading to fall to 35.5.

Any reading above 50 signals growth, while a reading below 50 indicates contraction. The index has fallen steadily for the last five months as the economy deteriorated.

Again, this country NEEDS JOBS, since we have sent the majority of our "middle class" working family jobs to Mexico, India, China.....


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