Posted on 05/02/2012 7:21:55 AM PDT by sunmars
WASHINGTON (Dow Jones)--U.S. factory orders fell at the sharpest pace in three years in March, a sign that demand is slowing amid an uneven economic recovery.
Orders for manufactured goods declined 1.5% to $460.46 billion, the Commerce Department said Wednesday. That matched expectations of economists surveyed by Dow Jones Newswires.
Factory orders over the previous month were revised down, as well, to a 1.1% increase from an initial estimate for a 1.3% gain.
(Excerpt) Read more at nasdaq.com ...
And further unexpected news today-—
U.S. stocks fall after weak reading on jobs
NEW YORK (MarketWatch) U.S. stocks fell Wednesday after a report showing employers in the private sector made fewer hires in April than many on Wall Street expected, casting doubt on the strength of Fridays nonfarm payrolls report.
http://www.marketwatch.com/story/us-stocks-lower-after-adp-disappoints-2012-05-02?siteid=yhoof2
This isn't unexpected ...
Economists have been sayin' [for months] that lower unemployment, rising job creation, and rising factory orders are a sham ...
Unemployment down since fewer people were looking for jobs and not counted ...
Rising jobs since manufacturers needed to temporarily produce more product for their customers. These customers finally had shelf stocks depleted to the point where they had to be replenished.
Factory orders rose, due to paragraph, above.
Now its all crashing back down ...
lol, is that a real headline?
For handing over the office to an unqualified ineligible America hating communist mudslime FOREIGNER!
Indonesian Go Home!
How are those millions of government regulations and free trade working out for all of you? Halftime in America Clint Eastwood says. If it were half time China would be thrashing U.S. by 10000 to 0. The referees = our government are on china’s side.
Obama sucks.
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