More evidence of the continuing poor economy
. . . On Tuesday, the Institute for Supply Management said industrial production contracted in August for the first time since May 2009 as overall activity slowed for the third consecutive month. A Labor Department report Wednesday showed manufacturing productivity grew just 0.1% in the second quarter — the weakest gain since productivity declined a year earlier.Meanwhile, CNN's "fact check" doesn't get around to mentioning that there are fewer jobs now than when Obama became president until the last paragraph.
A slowdown at factories could be a troubling sign for Federal Reserve officials as they debate infusing another round of stimulus into the economy.
The manufacturing sector has been a steady jobs engine during much of the recovery, adding 233,000 jobs last year and 182,000 through July of this year. . . .
The figure of 4.5 million jobs is accurate if you look at the most favorable period and category for the administration. But overall, there are still fewer people working now than when Obama took office at the height of the recession.