New orders for manufactured goods in April, down three of the last four months, decreased $2.9 billion or 0.6 percent to $466.0 billion, the U.S. Census Bureau reported today.
New orders for manufactured durable goods in April, down three of the last four months, decreased $0.1 billion to $215.2 billion, revised from the previously published 0.2 percent increase. This followed a 3.7 percent March decrease. Machinery, also down three of the last four months, had the largest decrease, $0.9 billion or 2.9 percent to $31.0 billion. New orders for manufactured nondurable goods decreased $2.9 billion or 1.1 percent to $250.8 billion.
Reuters calls this report a “surprise,” and notes that March’s numbers got revised downward as well.
Good news...
Why Real Progressives Should Support Scott Walker - The case for putting the public good before what's good for public employees
There’s something bizarre in all this, a reminder that the once-proud movement of working people has morphed into an upper-middle-class movement of coddled public employees who do not care about debt levels and eroded public services. They have their gold-plated pensions and no one better touch them or else.
Progressives used to pride themselves on their desire to help the poor, but in Wisconsin these days they’d rather throw the poor under the bus—a public bus, of course, with a union driver—to protect the relatively wealthy class of workers who administer government programs. So we’ve watched the antics—legislative Democrats heading to Illinois to deny the governor a quorum for his budget vote; truckloads of union activists and boatloads of union money pouring into the state capital; attempts to portray Walker as someone who is destroying the state.
Yep, the current state public employee union model, steal from the poor taxpayers to fund their upper middle class existence including better pensions than 90% of the private employees out there.
Thomas Sowell: There are no solutions, just trade-offs.
LadyJazzer wrote: As a matter of fact 26,000 "new jobs" have been added in just the past week...miraculously! Who knew?!?!
Bucket, penny falls in, echo effect.
People are cheering in the streets over those numbers. How many more gave up on looking?
NPR was trying to blame the statisticians, saying the spring numbers were down last time too, duh,this is Obama's economy and he doesn't know how to get it going.
Thomas Sowell: There are no solutions, just trade-offs.
The numbers appear to be fake--and the SANE people know it... I hardly think there's too much "cheering in the streets"... But you hold on to that fantasy. It seems to help.
LadyJazzer wrote: The numbers appear to be fake--and the SANE people know it... I hardly think there's too much "cheering in the streets"... But you hold on to that fantasy. It seems to help.
"Cheering in the streets" was sarcasm. More people jumping out of the stock market, trying to find a safe place to put the little money they have left.
Thomas Sowell: There are no solutions, just trade-offs.
