The overall news regarding the US economy has been good, there’s no doubt about that. Annualized growth was 2.3% in 2019, which was nothing to write home about but still indicative of expansion. The January 2020 jobs report showed an expanding labor market as more job hunters looked for work, along with upwards revisions to the December and November numbers.However, buried in all of the data, there were some warning signs related to manufacturing. PMI, the purchasing managers index, used as an indicator for future manufacturing growth, was down for the third month in a row, although the 51.9 reading …read more
Source:: Yahoo Finance
