More good news on the US economy today, as the Commerce Department’s preliminary factory data for September found new orders for manufactured goods rose for the fifth time in six months, increasing $3.3 billion (0.9%).
This comes a day after the Institute for Supply Management’s monthly purchasing managers index rose again and at a faster rate than expected.
And while ISM New Orders index slipped a bit, that index is at 58.5%, suggesting more good news ahead.
The economy would have to catch fire like celebrity chef Rachael Ray in an oven to make up for the pain we’ve gone through the past year. But it’s a start.
There’s no way to spin the fact that unemployment continues to increase at a totally unacctptable rate, in spite of early indicators that the recession may be ending. We are still shedding jobs at a rate of nearly 200,000/month. Unemployment has risen to a point we have not seen in 26 years, 10.2%, meaning we have over 15 million unemployed people in this country. Do the math; how many years will it take before our economy even begins to approach a healthy condition.
Good News: THEEEEE YANKEES WIN!!!
Yankees? Never heard of them…