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  • sdowney1 sdowney1 Dec 3, 2012 11:51 AM Flag

    US manufacturing sharp drop AND employment weakened sharply

    Hope and change is all hot air.
    I noticed the liberal media kept saying it was getting better before the election, now they let on it is not getting better at all.

    Updated December 3, 2012, 10:35 a.m. ET
    U.S. Manufacturing Shrinks More Than Expected

    By KATHLEEN MADIGAN, SARAH PORTLOCK and ALAN ZIBEL

    The U.S. manufacturing sector fell back into contraction last month and employment weakened sharply, according to data released Monday by the Institute for Supply Management.

    The ISM's manufacturing purchasing managers' index unexpectedly fell to 49.5 in November from 51.7 in October. A reading above 50 indicates expanding activity.

    Economists surveyed by Dow Jones Newswires had expected the November PMI to fall but only to 51.0.

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