{"id":48724,"date":"2023-01-05T08:24:19","date_gmt":"2023-01-05T13:24:19","guid":{"rendered":"https:\/\/www.rightwinggranny.com\/?p=48724"},"modified":"2023-01-05T08:24:19","modified_gmt":"2023-01-05T13:24:19","slug":"the-economy-is-not-doing-well","status":"publish","type":"post","link":"https:\/\/www.rightwinggranny.com\/?p=48724","title":{"rendered":"The Economy Is Not Doing Well"},"content":{"rendered":"

On Tuesday, Breitbart<\/a> posted an article about The S&P Global U.S. Manufacturing Purchasing Managers\u2019 Index (PMI) for December.<\/p>\n

The article reports:<\/p>\n

The S&P Global U.S. Manufacturing Purchasing Managers\u2019 Index (PMI) fell at the fastest rate since May 2020 in December, a continuing sign that the manufacturing sector is on the decline, S&P Global reported Tuesday.<\/strong><\/p>\n

The U.S. Manufacturing PMI posted a 46.2 in December, down from 47.7 in November and solidly below 50, which signals that the sector is contracting, according<\/a> to S&P Global. Production levels contracted in back-to-back months, with new sales plummeting at the end of December at the fastest pace since 2007, as companies cited weakening demand amid \u201ceconomic uncertainty\u201d and inflation weighing on customers.<\/strong><\/p>\n

The article concludes:<\/p>\n

The broader labor market remains incredibly tight, with hiring far surpassing investor expectations in November, according<\/a> to the Bureau of Labor Statistics (BLS). However, even as the market remained tight, the BLS estimated that manufacturers added just 14,000 jobs in November, while private payroll firm ADP estimated<\/a> that manufacturers actually lost 100,000 employees in November.<\/strong><\/p>\n

\u201cWhile unemployment is a lagging indicator, manufacturing often lags less than the labor market as a whole,\u201d said Antoni. \u201cFor manufacturing to bounce back, we need to see DC scale back the taxing, spending, and\u2014perhaps most importantly\u2014the regulating.\u201d<\/strong><\/p>\n

Until we elect a President who understands the impact of regulations on businesses, our economy will not recover from the damage done to it by the shutdowns and the economic policies of the Biden administration. Unfortunately, policies made in Washington have a major impact on how Americans live their lives. This was not what the Founding Fathers envisioned–they wanted each state to make the laws impacting the people within that state. The states were to act as laboratories–when something worked well in one state, it could be implemented in other states. Unfortunately, we are seeing too many examples of things that have not worked being implemented. We need state leaders who will stand up to the federal government and contest anything that does not fall within the purview of the Tenth Amendment.<\/p>\n","protected":false},"excerpt":{"rendered":"

On Tuesday, Breitbart posted an article about The S&P Global U.S. Manufacturing Purchasing Managers\u2019 Index (PMI) for December. The article reports: The S&P Global U.S. Manufacturing Purchasing Managers\u2019 Index (PMI) fell at the fastest rate since May 2020 in December, … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[10348,16144],"class_list":["post-48724","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-breitbart","tag-manufacturing-purchasing-managers-index-pmi"],"_links":{"self":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/48724","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=48724"}],"version-history":[{"count":1,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/48724\/revisions"}],"predecessor-version":[{"id":48725,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/48724\/revisions\/48725"}],"wp:attachment":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=48724"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=48724"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=48724"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}