Muddling Along In The Economy…..It’s Better Then The Alternative!
Posted By thestatedtruth.com on September 1, 2010
Looks like we’re muddling along in the economy, that’s good news because the alternative we don’t want to even think about!
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Manufacturing Index for U.S. Increased in August,  The Institute for Supply Management’s factory index rose to a three-month high of 56.3 from 55.5 in July, indicating factories are helping extend the slow recovery,  This is counter balanced by the housing slump, which keeps taking a toll on the economy.
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Construction spending in July fell twice as much as forecast, led by a slump in homebuilding that will depress growth, Commerce Department figures showed today. The 1 percent drop brought spending to $805.2 billion, the lowest level in a decade, after a revised 0.8 percent decrease in June that wiped out a previously estimated gain.
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Another report today pointed negatively about employment. Companies in the U.S. unexpectedly cut employment in August, data from a private report based on payrolls showed. Employment fell by 10,000, according to figures from ADP Employer Services.Â
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