Chicago PMI down for 9 months straight at 40 nowSo, the Chicago Producers Manufacturing Index is at 40 for the month of May....Anything under a reading of 50 means it shows a CONTRACTION in manufacturing in the Chicago area... 6 of the last 7 recessions have seen the number hit 40... But to the powers that be, there is no recession.. Furthermore there are jobs galore everywhere.apparently . The manufacturers in the Chicago area are in a severe downturn and surely are laying prople off..
The Pensylvania PMI has shrunk 9 months in a row , all negative readings means that business is bad!!! Business is very slow in that area...But there is a so-called boom in jobs...Unemployment is at a 50 year low...Everything is fantastic...
They have no shame, whatsoever...They lie, cheat, obfuscate, misinform, deceive the citizens of the US but that's ok, because it's for the "greater good"!!!