Skip to comments.U.S. Manufacturing Growth 2nd-Worst Post Recession
Posted on 07/29/2012 10:44:12 AM PDT by Son HouseEdited on 07/29/2012 10:47:07 AM PDT by Admin Moderator. [history]
Growth in the U.S. manufacturing sector slowed in July to the second-weakest level since the country emerged from recession, according to a survey released Tuesday.
The Markit flash U.S. manufacturing purchasing managers index dropped to 51.8 from 52.5 in June, which is the worst level since December 2010 and second-worst since late 2009. Any readings above 50 indicate an improvement from the prior month.
(Excerpt) Read more at articles.marketwatch.com ...
Obama tried it his way — and he likes the outcome very much.
post recession = depression.
Media newspeak in action.
When our manufacturing facility are empty shells, equipment shipped overseas, it is hard to make a comeback.
Does this mean there is another American who gets it? Of course Obama is trying to destroy America, he couldn't be this stupid to screw up everything he touches.
For those who still don't get it, it's TREASON.
For those still confused, Obama is destroying America on purpose.
What was the official date we "emerged" from recession? Anybody know?
Business Cycle Dating Committee, National Bureau of Economic Research
The Business Cycle Dating Committee of the National Bureau of Economic Research met yesterday by conference call. At its meeting, the committee determined that a trough in business activity occurred in the U.S. economy in June 2009. The trough marks the end of the recession that began in December 2007 and the beginning of an expansion. The recession lasted 18 months, which makes it the longest of any recession since World War II. Previously the longest postwar recessions were those of 1973-75 and 1981-82, both of which lasted 16 months.
In determining that a trough occurred in June 2009, the committee did not conclude that economic conditions since that month have been favorable or that the economy has returned to operating at normal capacity. Rather, the committee determined only that the recession ended and a recovery began in that month.
The former Warner & Swasey machine tool factory in Cleveland OH.