If you believe that small business will be important in any recovery, then the fact that the fact that the NFIB's index of small business optimism fell.In employment, job turnover fell in May, indicating that this already jobless recovery might become even more jobless.
There are also signs of weakness in transportation, with the Association of American Railroads Rail Time Indicators falling.
Real estate is grim as well, with non-residential construction forecast to fall 10% in 2010, and home mortgage purchase applications fell to a 13 year low, even with rates being at historical lows.
Finally, in what makes up over 70% or so of the US economy, retail sales fell in June (see pic).
2 comments :
Gee, do ya think that a real stimulus would have helped?
Do you <span>have problem with Corporate Communist Capitalism©®™, comrade? </span>
Post a Comment