Economic Data Hints Lower Participation, But That’s Not The Whole Picture
The latest economic data reported by Gallup,
The latest economic data reported by Gallup,
Economists are digesting another round of conflicting economic data in the latest economic news, as U.S. manufacturing activity contracted in May for the first time in six months.
The latest economic news out today is a bit of a mixed bag. Consumer spending fell 0.2% in April from March, the first decline since May 2012. Economists were expecting an increase of 0.1%. Personal income was unchanged for the month, compared to expectations of a 0.1% advance.
Millions of Americans are struggling and economic disparity is growing. The false promise of “fairness” has not, and never will, deliver on the its promises; nor will the politicians who profess them. The Bureau of Labor Statistics jobs reports for 2013, have demonstrated this disparity, as the only private sector jobs come from wealthy positions, and service positions who take care of the wealthy. Don’t take my word for it – read the reports for yourselves below. The American manufacturing sector is on life support, and with it, the millions of Americans who make up – or did make up – middle class America.
