Let's not be confused by the numbers. Industrial production is still declining. What does that mean? It implies that demand for goods and services still has not picked up. This number does not bode well for unemployment. We need more production to put unemployed workers back to work.

Just look at the numbers:

• Industrial production fell 0.4% in June, the slowest in eight months. In may the decline was 1.2%.
• Output fell 11.6% in the second quarter, compared with a drop of 19.1% in the first quarter.
• For the year auto and auto parts production fell 32.5%

Continue reading Industrial production is still declining, bad news for unemployment

Industrial production is still declining, bad news for unemployment originally appeared on BloggingStocks on Wed, 15 Jul 2009 13:00:00 EST. Please see our terms for use of feeds.

DailyFinance today: AIDS rate in DC rivals African nations, defending Jim Cramer, industrial production falls and IMF's reserves double originally appeared on BloggingStocks on Mon, 16 Mar 2009 18:45:00 EST. Please see our terms for use of feeds.