GDP Plunges to Less Than Half From Last Quarter
Retail Sales December 2014 and January 2015
February’s Chicago PMI crashes to 45.8 (missing expectations of 57.5) – its lowest since July 2009, indicating contraction in the manufacturing sector in the Midwest. Any reading over 50.0 indicates expansion, while readings under 50.0 indicate contraction.
Caterpillar sales have long been the world’s industrial bellweather has – suffered over 2 years of declining sales:
This is the biggest drop Since Nov 2012- 0% of Small Business Owners
Expect a Better Economy
- 13% of employers think it is a good time to expand
- Employers anticipating job creation falls to 14%
- Percentage of firms expecting a better economy falls to 0%
- Firms anticipating higher selling prices falls to 3%
There are 46.5 million Americans in the SNAP program. In late 2006, before the Great Recession, that number was 43% lower at 26.3 million. So, tell me this: if the U.S. economy is growing, and job growth is accelerating, so why hasn’t the SNAP program seen reduced participation?
And finally, if we are in a recovery, then why are the number of Americans working at the lowest number since 1977?