From the FINANCIAL TIMES:
First-quarter growth for the US was revised down from an annualised rate of 2.2 per cent to 1.9 per cent on a day of gloomy data for the world’s largest economy.
The downward revision to gross domestic product came alongside a weak jobs report from ADP, the payrolls processing company, and a rise in new claims for unemployment insurance.
Economists await two crucial reports on Friday – official payrolls data for May and the purchasing managers’ index for manufacturing – but it is getting harder to blame weakness on temporary factors, such as unseasonal weather earlier in the year, rather than an underlying loss of momentum…
Click here to read the full article.
Do we really want, can we really afford four more years of this administration?????????