Factories rebound in June, but hiring down

Surprise…you voted…

We don’t make anything in America anymore we import everything what do expect with the 0 in charge things are going to get worse.

The latest PMI for American manufacturer can be summed up as, “more of the same.” As you can see, the PMI has moved up and down between 50 and 56 since 2010. The “good news” in June’s report was that manufacturing employment began contracting, and this is a sign to Fed watchers that Uncle Ben won’t turn off the magic money machine anytime soon. The most intriguing tidbit from the report is that export orders tanked to 46.3 deepening the contraction that began last month. The Chinese flu spreads.

Full post with charts, images and links:

http://dareconomics.wordpress.com/2013/07/01/around-the-globe-07-01-2013/

Goes from struggle to rebound in a few hours eh Reuters….

http://www.reuters.com/article/2013/06/20/us-usa-economy-pmi-markit-idUSBRE95J0L520130620

Perhaps Fed’s Stein was correct in saying QE tapering in September is a possibility. With today’s data , it looks like QE tapering is a done deal.

JoeObserver
A done deal in result of this report…by this fall reducing QE will be long forgotten…a few more months of numbers showing little or no GDP growth and employment numbers dropping will put an end to those thoughts.